USAA bank issued cease-and-desist order by national regulator – KSAT San Antonio
san antonio – U.S. Office of the Comptroller of the Currency takes a hit. USAA The National Banking Regulatory Authority issued a cease-and-desist order on Dec. 18 regarding what it described as “new or continuing violations” by USAA Federal Savings Bank. The bank is part of USAA, a San Antonio-based insurance and financial services company. […]
UK regulator says Apple, Google blocking innovation in mobile browsers
Britain's top antitrust regulator said Friday that an independent investigation has preliminary found that Apple and Google's mobile browser policies are hindering innovation. The report recommended that the Competition and Markets Authority (CMA) launch an investigation into the two tech giants under the UK's Digital Regulations, which begin next year. “The independent research group appointed […]
Reeves tells City regulator to encourage more risk-taking in financial sector | Financial sector
Financial regulators have been ordered to encourage more risk-taking across the City, raising concerns that a Labor government is at risk of watering down regulations meant to avoid a repeat of the financial crisis. officially 'Remittance' letter to the Financial Conduct Authority (FCA) President Nikhil Rati and Prime Minister Rachel Reeves say regulations aimed at […]
City regulator warns banks over denying sex workers business accounts | Financial Conduct Authority
The City regulator has issued a warning to British banks that refuse to open accounts to sex workers after hearing that restricting access to business banking services could cause “significant harm” to individuals. The Financial Conduct Authority (FCA) said that while banks could in theory offer accounts to the adult entertainment industry, in practice they […]
NY cannabis regulator hasn’t increased staff months after Hochul ‘overhaul’
The state’s marijuana regulator has made no progress on expanding its staff, months after Gov. Kathy Hawkle launched a fierce criticism of the agency. Felicia Reed, acting director of the Bureau of Cannabis Control, said: An interview with Spectrum News Last week, her agency, which had been short-staffed, announced it was now hiring 180 employees. […]
Top staffers flee NY cannabis regulator after Gov. Kathy Hochul dumps agency’s head
THC See you soon! Several top officials at New York’s marijuana regulator have resigned after Gov. Kathy Hawkle fired the agency’s chief, calling it a “disaster.” Officials leaving the Office of Cannabis Control (OCM) include Health and Safety Director Nicole Rosa, Deputy Director for Licensing Daniel Holmes, First Deputy General Counsel Patricia Piskorski Heer and […]
$47,646 Drained From Customers’ Accounts at Wells Fargo As Rogue Executive Mounts Year-Long Campaign To Steal Cash: US Bank Regulator – The Daily Hodl
Wells Fargo executives have been forced out of the banking industry after they were found guilty of draining tens of thousands of dollars from customers’ deposit accounts. The Office of the Comptroller of the Currency (OCC) Publish A consent order was issued against former Wells Fargo assistant manager of operations, Cindy M. Flores, accusing her […]
NYC can’t open any more charter schools, regulator complains
Gov. Kathy Hokul and the state Legislature will come under pressure next year to lift New York City’s charter school caps after New York state education officials on Wednesday allocated the last of 14 “zombie” slots that lawmakers reluctantly approved last year. The SUNY Charter Commission voted to allow the high-performing charter school networks of […]
Deutsche Bank criticized by German regulator for financial reporting error – CNBC
Deutsche Bank General Meeting Arne Dedert | Picture Alliance | Getty Images Deutsche Bank misdisclosed deferred tax assets in its 2019 financial statements and failed to meet international accounting standards, Germany’s financial supervisory authority (BaFin) said on Tuesday. “The declaration of deferred tax assets in the consolidated financial statements was incomplete,” the regulator, known as […]