GRC Report Staff

The U.S. Department of Justice (DOJ) has filed a proposal calling for Google to divest its Chrome web browser. The DOJ argues that Chrome, a critical entry point for internet browsing, has been instrumental in cementing Google’s dominance in search. The filing also leaves open the possibility of requiring Google to spin off its Android operating system, should the divestiture of Chrome not sufficiently address competition concerns.

The Consumer Financial Protection Bureau (CFPB) approved a new rule today that will subject nonbank digital payment companies to federal oversight, aiming to ensure the security of personal data, reduce fraud, and prevent illegal “debanking.” The CFPB, an independent U.S. government agency, is tasked with protecting consumers by enforcing federal financial laws and fostering fair, transparent, and competitive consumer financial markets.

Gary Gensler, the 33rd Chairman of the U.S. Securities and Exchange Commission (SEC), announced today that he will step down from his position on January 20, 2025. Gensler, who has served as Chairman since April 2021, has overseen a series of significant regulatory reforms during his tenure.

Earlier this month, Maersk released a report indicating that three out of four shippers operating in Europe have dealt with disruptions in their supply chain over the past 12 months. Even more alarming is that more than half of those affected are experiencing a serious impact on costs.

German companies are eager to lead the way in global climate protection but are running into a familiar roadblock: unreliable policies and patchy incentives. That’s the recurring theme of the AHK Climate Protection Compass 2024, a report from the German Chamber of Industry and Commerce (DIHK) and the German Chambers of Commerce Abroad (AHKs).

The Office of the Comptroller of the Currency (OCC) has turned up the heat on banks and individuals flouting regulatory expectations, unveiling a slate of enforcement actions for November 2024. These measures not only aim to rectify serious lapses in compliance but also signal the OCC’s unrelenting commitment to upholding the integrity of the national banking system.

The Federal Financial Supervisory Authority (BaFin) imposed an administrative fine of €300,000 on Pearl Gold AG. The sanction stems from the company’s failure to meet critical financial reporting obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG), a key piece of legislation governing financial transparency for companies listed in Germany.