Regulator states major Wall Street firms have cut off funding for coal, gas, and other politically sensitive industries.
Nine Major Banks Accused of Unfair Practices Nine of the country’s largest banks, including JPMorgan Chase and Bank of America, are accused of unfairly cutting ties with a variety of politically controversial industries, such as coal, tobacco, and private prisons, according to key banking regulators. This information comes from a report by the Office of […]
Bank regulator reveals big banks are cutting ties with certain industries.
U.S. Banks Face Scrutiny Over Debanking Practices WASHINGTON – A report from the Office of the Comptroller of the Currency (OCC) revealed that nine prominent U.S. banks have limited their financial services to certain industries deemed controversial. This practice, often referred to as “debanking,” is under review due to concerns about whether these restrictions are […]
Education regulator alerts that DEI overshadows social work program accreditation.
Education Watchdog Raises Concerns Over Social Work Accreditation A notable education oversight group is expressing serious concerns following the release of a report indicating that the accreditation system for bachelor’s and master’s social work programs at leading U.S. universities is heavily influenced by DEI (Diversity, Equity, and Inclusion), critical race theory, and other left-leaning ideologies. […]
South Korea’s market regulator cautious about foreign exchange risks for individual investors
South Korea Considers Retail Investor Protections Amid Currency Risks SEOUL, Dec 1 – The leader of South Korea’s financial regulatory agency mentioned on Monday that measures to shield retail investors from currency risks are being contemplated as the won continues its decline. Lee Chang-jin, the director of the Financial Supervisory Service, expressed at a press […]
Top drug regulator sued by pharmaceutical company, steps down during investigation into conduct
The head of the FDA’s drug regulation division stepped down on Sunday amid accusations of misusing his position to publicly criticize a treatment related to a former associate. Dr. George Tidmarsh, who had a lengthy career in the pharmaceutical industry before joining the FDA in July, was put on administrative leave just days prior. Emily […]
European banks are turning more to US dollar funding, finds EU regulator.
Concerns Rise Over European Banks’ Dependence on U.S. Dollar MILAN/LONDON – European banks are increasingly leaning on the U.S. dollar, as noted by Europe’s banking regulator. This marks a growing worry about the region’s susceptibility if access to dollar funding diminishes. Globally, banks carry significant dollar exposures on their balance sheets, which could make them […]
Trump selects crypto regulator Mike Selig to lead CFTC after retracting nominee
Almost a month after the Trump administration pulled Brian Quintenz’s nomination, President Trump has put forward Mike Selig as the new candidate to lead the Commodity Futures Trading Commission (CFTC). David Sachs, who heads AI and cryptocurrency initiatives at the White House, praised Selig as an “excellent choice” in a Saturday morning announcement. He emphasized […]
Regulator Seeks to Cut Funding for Investor Who Turns Away Companies Hiring H-1B Workers
Wall Street’s Controversial Move Against New Investment Fund Wall Street trustees are looking to shut down a $40 million investment fund that chooses not to invest in companies hiring H-1B visa workers, who are accused of taking jobs from American professionals. “They’re terminating the fund,” stated James Fishback, the fund’s founder, to Breitbart News. He […]
UK regulator Ofcom discovers BBC in significant violation for Hamas song in Gaza documentary
BBC Found in Serious Breach of Rules Over Gaza Documentary The UK’s media regulator has determined that the BBC committed significant violations of its standards after a shocking revelation about a Gaza documentary. It appears that the narrator, a 13-year-old named Abdullah, is the son of a well-known Hamas official. On Friday, OfCom, the independent […]
Banks not doing enough to stop increase in romance scams, says UK regulator
Warning on Romance Scams in the UK Britain’s financial regulator has raised concerns about banks not doing enough to tackle the rising issue of romance scams, which have surged almost 10% over the past year. On Friday, the Financial Conduct Authority (FCA) revealed that it found “multiple instances” where banks and payment companies failed to […]