The department stated the individuals and companies work to finance nuclear missile programs The Treasury Department’s Office of Foreign Assets Control (OFAC) recently sanctioned 30 more entities that…
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State Department Imposes More Sanctions in Iran as Nuclear Talks Proceed
Secretary Rubio says the move is necessary to curb the country’s oil profits and sanctions evasion tactics. The State Department announced new sanctions against Iran last week in…
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Federal Judge Finds Apple in Violation of Court Order
She moves to hold Apple in contempt for maintaining exclusive in-app transactions. District Judge Yvonne Gonzalez Rogers held Apple in contempt last week, ruling that the company had…
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SEC to Host Crypto Custody Roundtable on Regulatory Integration
The event will explore legal and operational challenges in safeguarding digital assets. The U.S. Securities and Exchange Commission (SEC) will hold a public roundtable titled “Know Your Custodian:…
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FTC Announces Settlement with Cash Advance Company
The lender falsely promised instant cash advances while charging higher than disclosed fees. The Federal Trade Commission (FTC) announced that an online cash advance company, Cleo AI, has…
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Treasury Secretary Responds to Recession Concerns
He says that corrections are normal and recession cannot be ruled out. U.S. Treasury Secretary Scott Bessent recently said that there are “no guarantees“ when it comes to…
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SEC to Hold Roundtable on Artificial Intelligence
The agency will host discussions on the impact of AI on the financial industry. The Securities and Exchange Commission (SEC) announced a roundtable discussion will be held on…
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CFPB Sues Capital One for Cheating Customers Out of $2 Billion in Interest
The bureau alleges the company published misleading communications about new savings accounts. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the bank Capital One for…
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Treasury Department Targets Russian Sanctions-Evasion Network
Partnership with China facilitated payments for American goods. The Treasury Department sanctioned over 150 entities and individuals involved in a scheme to help Russia circumvent preexisting sanctions enforced…
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CFPB Finalizes Rule Barring Medical Debt from Credit Reports
The bureau restored a provision of the 1970 Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) issued a final rule to block credit reports from including…
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