The Office of the Comptroller of the Currency on Wednesday released proposed guidance aimed at reducing regulatory burden for community banks by simplifying how they can comply with the Community Reinvestment Act.
The Financial Conduct Authority has welcomed the UK government’s move to reform the country’s benchmarks framework, signaling support for a shift away from the EU-era Benchmarks Regulation toward a more targeted, UK-specific regime.
South Korea’s media and telecoms regulator has launched an investigation into Coupang, examining whether the e-commerce giant has unlawfully made it difficult for users to delete their accounts in the wake of a massive personal data breach that rattled the country earlier this year.
Danish competition regulators have brought their long-running investigation into Apple’s iPhone repair practices to a close, after the company agreed to a set of commitments aimed at making repairs easier and more competitive in Denmark.
Federal prosecutors have charged a California-based digital health company and a Florida medical practice with orchestrating what authorities describe as a sweeping scheme to illegally distribute Adderall and other stimulants through an online subscription model, allegedly generating more than $100 million in revenue while bypassing basic medical safeguards.
Sweden’s financial watchdog wrapped up a busy enforcement day on Tuesday, issuing sanctions against Svea Bank and two firms within the Garantum group after identifying weaknesses in anti-money laundering controls and consumer protection practices.
For more than a decade, Dana-Farber Cancer Institute has been one of the country’s most prominent recipients of federal research funding. This week, that relationship came under sharp scrutiny.