Day: November 21, 2024

CFPB-PR-241121-1

CFPB-PR-241121-1 (11-21-24) CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” – Final rule brings supervision to Big Tech and other widely used digital payment apps handling over 50 million transactions annually Excerpt – WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today […]

FCPA Violations – Article

FCPA Violations – Article ( Articles ) FCPA Violations (FCPAV) Understanding the Implications and Consequences The Foreign Corrupt Practices Act (FCPA) is a crucial piece of legislation in the United States that aims to combat corruption and bribery in international business transactions. Violations of the FCPA can lead to severe penalties for companies and individuals involved. This article explores […]

SEC-PR-2024-183

SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 —  The Securities and Exchange Commission today charged David Kushner, a resident of […]

SEC-PR-2024-182

SEC-PR-2024-182 (11-21-24) SEC Chair Gensler to Depart Agency on January 20, 2025 – Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors. Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today announced that its 33rd Chair, Gary […]