GRC Report Staff

Greystar Real Estate Partners, the nation’s largest residential property manager, has agreed to a $50 million settlement to resolve allegations that it conspired with competitors to keep apartment rents artificially high using RealPage’s widely scrutinized pricing software. The settlement, filed in federal court in Nashville, forms the largest share of a wave of preliminary agreements now totaling more than $141 million, according to Reuters.

Velocity Clearing, LLC has agreed to pay a $1 million penalty and bring in an independent consultant after FINRA uncovered sweeping failures in how the firm monitored for manipulative trading. The New Jersey-based broker-dealer, which has been a FINRA member since 2003, signed a settlement through a Letter of Acceptance, Waiver, and Consent (AWC), avoiding a formal disciplinary hearing.

A new survey of European business leaders shows overwhelming support for robust corporate sustainability and due diligence rules, countering efforts in Brussels to pare back environmental and reporting requirements under the EU’s Omnibus simplification package.

Germany’s financial watchdog BaFin has released its second supervisory statement on the EU’s Digital Operational Resilience Act (DORA), offering guidance to financial entities eligible for simplified requirements on ICT risk and third-party risk management.

Tyson Foods has agreed to pay $85 million to settle claims it conspired with rivals to drive up pork prices, a deal that pushes total consumer recovery past $200 million in one of the largest antitrust cases to hit the U.S. meat industry.

India’s central bank has set out a sweeping package of reforms designed to toughen the country’s financial system, modernize regulation, and improve protections for everyday consumers. Announced on October 1, the measures cover everything from how banks set aside funds for bad loans, to how exporters manage foreign currency, to how consumers resolve disputes with their banks.

Ireland’s Digital Regulators Group (DRG) has launched a Short Guide to Digital Regulation, a resource designed to help the public and businesses navigate the country’s complex web of digital oversight.