The U.S. Senate announced its confirmation of Lee Zeldin as Administrator of the Environmental Protection Agency. Zeldin, who served on President Trump’s legal defense team during his first impeachment, was nominated by the President to lead the EPA. Zeldin previously served in the New York State Senate from 2011-2014 and Read More
The Securities and Exchange Commission announced that it has approved a Nasdaq proposal to remove a rule that requires companies to disclose board diversity data. This announcement follows a ruling from the Fifth Circuit Court of Appeals in which the court found such disclosure requirements unlawful. Under the original board Read More
The Federal Trade Commission announced that it is requiring H&R Block to make a number of changes for the 2025 tax filing season in addition to longer-term changes. The settlement also requires the company to pay $7 million to be used to compensate its customers that were harmed by the Read More
The Securities and Exchange Commission announced that it had filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement proceedings. The SEC filed a total of 75 enforcement actions in October 2024 alone. Those numbers represent Read More
Commodity Futures Trading Commission Chair, Rostin Benham, announced that he plans on stepping down from his position as President-elect Trump takes office on January 20th. Benham served as the CFTC’s chairman for close to three years. He took the position in 2022 after his predecessor resigned when President Biden took Read More
Independent Health Association agreed to pay up to $98 million to settle allegations that they violated the False Claims Act by knowingly submitting invalid diagnosis codes to Medicare for Medicare Advantage Plan enrollees in order to increase payments that Independent Health received from Medicare. Medicare Advantage, also known as Medicare Read More
W ith the rise of AI and regulatory uncertainty, Chief Audit Executives (CAEs) are expected to face mounting pressure from the Board to address emerging risks and strengthen mitigation efforts. According to Gartner, a technological research and consulting firm, as AI has emerged as both a valuable business asset and Read More
The United States Court of Appeals for the Fifth Circuit ruled that the Corporate Transparency Act (“CTA”) is once again being put on hold as the court assesses its constitutional validity. The CTA is a law that is purposed for requiring businesses to disclose the identities of their beneficial owners. Read More
Bank of America announced that it has settled with the Office of Comptroller of the Currency regarding a cease-and-desist order against the bank for deficiencies related to the Bank Secrecy Act and sanctions compliance programs. The settlement does not require that Bank of America pay a fine but rather take Read More
The Consumer Financial Protection Bureau announced that it has sued Bank of America, JPMorgan, Wells Fargo, and the operator of Zelle, Early Warning Services, for failing to protect consumers from widespread fraud. Zelle is America’s most widely available payment network. According to the lawsuit, customers of the three banks have Read More
