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 […]
SCOTUS strips SEC’s use of in-house judges in major blow to Wall Street regulator
The Supreme Court on Thursday stripped the Securities and Exchange Commission of a key tool in fighting securities fraud, in a decision that could have far-reaching implications for other regulators. The judges handed down their ruling In a 6-3 vote, the court ruled that people accused of fraud by the Securities and Exchange Commission, which […]
Boeing production cap extended as regulator steps up safety checks | Boeing
Boeing continues to face limits on the number of planes it can make and tougher safety inspections after U.S. aviation regulators called on it to overhaul its safety culture. The Federal Aviation Administration (FAA) held a three-hour meeting with Boeing’s senior executives on Thursday to outline the company’s plans to resolve safety and quality control […]
US regulator opens Waymo investigation
Waymo, the self-driving car division of Google’s parent company Alphabet, is under investigation by federal regulators over reports of nearly two dozen incidents involving Waymo cars using its self-driving system, the government announced Tuesday. . The National Highway Traffic Safety Administration (NHTSA)’s Office of Deficiency Investigation has identified 22 crashes in which Waymo vehicles equipped […]
FDIC chair faces calls to resign after sexual harassment reports at regulator
Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in the wake of a scathing 234-page report released Tuesday that reveals widespread sexual harassment and other misconduct plaguing federal banking regulators. Calls for his resignation are pouring in. The damning report, released in November by the law firm Cleary Gottlieb Steen & Hamilton and inspired by […]
Tesla Autopilot feature was involved in 13 fatal crashes, US regulator says | Tesla
U.S. auto safety regulators said Friday that an investigation into Tesla’s Autopilot identified at least 13 fatal crashes involving the feature. The investigation also found that the claims made by electric car manufacturers did not match reality. The National Highway Traffic Safety Administration (NHTSA) on Friday found at least 13 Tesla crashes in which at […]