W almart has agreed to a $100 million judgment to settle allegations by the Federal Trade Commission and 11 states that the company caused delivery drivers to lose earnings, by deceiving them about the base pay, incentive pay, and tips they could earn. The FTC estimates that Walmart delivery drivers Read More
P axful, an online virtual currency trading platform, will pay a criminal penalty of $4 million after pleading guilty to violating the Bank Secrecy Act, promoting illegal prostitution, and knowingly transmitting funds derived from criminal offenses. From 2015 to 2019, Artur Schaback, the operator of Paxful, allowed customers to open Read More
T he California Attorney General’s office has announced a settlement with the Walt Disney Co., resolving allegations that the company violated the California Consumer Privacy Act (CCPA) by failing to answer consumers’ requests to opt-out of the sale or sharing of their data across all devices and streaming services associated Read More
A Commodity Futures Trading Commission Commissioner, Kristin Johnson, announced that she plans on leaving the agency later this year, marking the third commissioner to depart from the CFTC. With Johnson’s departure, only one voting member will remain at the CFTC. This announcement comes weeks after Commissioners Summer Mersinger and Christy Read More
Securities and Exchange Commission Chair, Paul Atkins, announced that the SEC will review rules that effectively require public companies to disclose the compensation of chief executive officers along with other other top executives. According to an SEC press release, the agency will host a roundtable on June 26, 2025 to Read More
The Consumer Financial Protection Bureau announced that it has ended its oversight of Google Payment, which also led to Google’s voluntary dismissal of a lawsuit against the regulatory agency. According to the parties’ joint status report, the CFPB renounced an order that initially directed the agency to oversee Google’s payment Read More
The United States House Financial Services Committee approved a bill proposed by the House Republicans to cut funding from the Consumer Financial Protection Bureau and to dissolve the Public Company Accounting Board into the Securities and Exchange Commission. The legislation received some backlash from Democrats along the way however, the Read More
A former Computacenter employee, James Papa, filed a lawsuit against his former company, Deutsche Bank, and his former supervisor for $25 million alleging he was terminated in retaliation for whistleblowing about a security breach, which was purportedly caused by a colleague’s girlfriend gaining unauthorized access to confidential client information. According Read More
The United States House Republicans released a draft of a bill that would place oversight authority of the digital assets markets in the hands of the Commodity Futures Trading Commission. This proposal would split up supervision of the crypto markets between the CFTC and the Securities and Exchange Commission. The Read More
In a decision released by a Washington D.C. Appeals Panel, the panel issued an order that effectively restored the temporary pause on mass employee firings at the Consumer Financial Protection Bureau. The order allows CFPB employees remain employed despite President Trump’s plan to remove almost 90 percent of the agency. Read More
