Tag Archives: regulator

Lawsuit by New York bank regulator over OCC fintech charter dismissed

Last month, the US District Court for the Southern District of New York dismissed the lawsuit brought last spring by the New York State Department of Financial Services (DFS) challenging the ability of the federal banking regulator, the Treasury Department’s … Continue reading

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Rick Perry’s proposed coal, nuclear compensation rule denied by US regulator

Enlarge / Industry. (credit: Kym Farnik) On Monday, the Federal Energy Regulatory Commission (FERC) denied a rule proposed by Energy Secretary Rick Perry earlier this year (PDF) to compensate coal and nuclear generation facilities over and above the compensation they … Continue reading

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UK Regulator Will Improve Independent Audit Report and Enhance Role of Audit Committees

Calling the outside audit report on company financial statements a wholly uninformative product of an opaque audit process, the UK Financial Reporting Council plans to propose an expanded audit report that includes a new section addressing the completeness and reasonableness … Continue reading

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Bank Regulator Reminds Banks: Pay Attention To Risks Associated With Prepaid Products

On June 29, 2011, the Office of the Comptroller of the Currency (OCC) issued a bulletin to national banks focusing on their obligation to assess and manage the risks associated with what the OCC calls prepaid access programs. The OCC … Continue reading

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UK: Groupola under Fire from Consumer Regulator for Engaging in "Bait Advertising"

The company behind daily group offer website Groupola, Markco Media, has been reprimanded by the UK Office of Fair Trading (OFT) for engaging in "bait advertising" in breach of the Consumer Protection from Unfair Trading Regulations 2008 (CPRs). "Bait advertising" … Continue reading

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