Compliance & Ethics

The Office of the Comptroller of the Currency (OCC) has begun the year by unveiling a sweeping set of enforcement actions aimed at holding banks and their personnel accountable. January’s slate includes hefty penalties, prohibitions, and stern warnings for institutions and individuals alike. Beyond the headlines, it’s a sharp reminder of the regulator’s ongoing commitment to rooting out misconduct at every level of the financial sector.

In a world where swiping right or transferring money can be done in seconds, trust is the bedrock of our digital lives. For Cash App users, that trust has been shaken—and regulators are stepping in with a forceful reminder that convenience can’t come at the cost of consumer protection.

When over 50 million people trust you to manage their money, getting it right isn’t just important—it’s everything. Unfortunately for Block, Inc., the parent company of Cash App, state regulators say the company dropped the ball.

It’s not every day that David takes on Goliath and wins. But in fiscal year 2024, a record number of whistleblowers did just that, helping the Department of Justice (DOJ) recover a staggering $2.9 billion under the False Claims Act. While the number is impressive, the stories behind it are even more so—ordinary people stepping up to expose extraordinary fraud.

The Consumer Financial Protection Bureau’s (CFPB) latest proposed rule isn’t just another notch in the belt of regulatory updates—it’s a call to arms for fairness, transparency, and accountability. Announced on January 13, 2025, this bold move challenges financial institutions to rethink the very foundations of how they engage with consumers.

The Consumer Financial Protection Bureau (CFPB) has taken legal action against Capital One, N.A., and its parent company, Capital One Financial Corp. The lawsuit accuses the banking giant of misleading millions of customers about interest rates on its flagship “360 Savings” account—an alleged misrepresentation that may have cost savers more than $2 billion in unpaid interest.

The U.S. Department of Justice (DOJ) has filed a civil lawsuit against KKR & Co. Inc. and several of its affiliated investment advisors and funds for systematically violating the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), a crucial component of U.S. antitrust law. The complaint, filed in the U.S. District Court for the Southern District of New York, alleges that KKR repeatedly circumvented the premerger review process by withholding and altering key documents and failing to file required premerger notifications for at least 16 transactions between 2021 and 2022.