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Daily Compliance News

Daily Compliance News: October 5, 2023 – The Space Junk Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Matt Levine on what Michael Lewis said about SBF. (BBC)
  • New compliance risk—space junk. (NYT)
  • Is the NBA too cozy with China? (WSJ)
  • Will the CFPB survive the Supreme Court? (Reuters)
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Compliance Into the Weeds

CFPB on Data Protection Minimums

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, we explore the recent CFPB circular which noted a company’s failure to implement adequate data protection measures can qualify as an unfair practice prohibited under the Consumer Financial Protection Act.  Highlights include:

·      The CFPB is going to start bringing charges against more companies for sloppy data protection programs.

·      Three Key data protection security controls.

·      Why CISOs and IT needs to talk to compliance.

·      The role of auditing and monitoring.

·      How and where to get started.

Resources

Matt in Radical Compliance

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Daily Compliance News

August 11, 2022 the Trump Takes the 5th edition

In today’s edition of Daily Compliance News:

  • Trump takes the 5th in civil investigation. (NYT)
  • Basel Institute’s Green Corruption Program. (Relief Web)
  • Waters wants CFPB to investigate Equifax. (WSJ)
  • 9th Circuit reinstitutes whistleblower case. (Reuters)
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Daily Compliance News

March 30, 2022 the CFPB Roars Edition


In today’s edition of Daily Compliance News:

  • CFPB want recidivist banks stripped of licenses. (NYT)
  • Coca-Cola scraps mandated diversity policy for outside law firms. (Bloomberg)
  • US sanctions regulators seek more funding. (WSJ)
  • Hybrid work model requires new thinking. (WaPo)
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FCPA Compliance Report

Quyen Truong on the Direction of the CFPB under the Biden Administration


In this Episode of the FCPA Compliance Report, I am joined by Quyen Truong, partner at Stroock & Stroock & Lavan. During her career in government, she worked at the Consumer Financial Protection Bureau. She joins me to talk about the CFPB under the Biden Administration.  Highlights of this podcast include:

  1. What is the CFPB? What does it regulate?
  2. What is the likely impact of Rohit Chopra to head the CFPB?
  3. What will he need to do to rebuild the morale of the CFPB?
  4.  What do you see as the direction by the CFPB in regulation and enforcement?
  5. Any new policy initiatives or directives?
  6. What is the interaction between the CFPB and the states? How might that change under the Biden Administration?
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Daily Compliance News

March 5, 2020-the Kid Gloves Treatment edition


In today’s edition of Daily Compliance News:

  • Trump Administration promised Wells Fargo kid gloves treatment. (NYT)
  • SEC seeks to ease more fund raising rules for start-ups. (WSJ)
  • Is being a frequent flyer bad environmentally? (New York Times)
  • Former Uber exec order to pay Google $179MM, files for bankruptcy. (Washington Post)