Binance CEO exits after pleading guilty to money laundering charges
Binance has agreed to pay $4.3bn in “one of the largest corporate penalties in US history”.
Department of Justice
US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
US Department of Justice mulls changes to bank merger legislation
Any amendments would be the first for 25 years.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
UBS ferociously fights DoJ fraud claims
Swiss bank says the claims aren’t supported by law.
US DoJ shuts down payment card fraud ring
Transnational criminal gang responsible for more than $530 million in losses from cybercrimes.
States Square off in Fight over CFPB Leadership Structure
The states weigh in on the CFPB leadership structure with two amicus briefs. A group of 17 states, plus the District of Columbia, has sided with the agency as it fights a court ruling that says the president should have the authority to fire the head of the CFPB. Meanwhile, 15 other states have taken an opposing stance.
DOJ Weighs in on CFPB Leadership Case, Calls for Changes to Dodd-Frank
The Department of Justice files an amicus brief filed with the D.C. Circuit Court of Appeals arguing that the president should have the authority to fire the head of the CFPB, but stopped short of calling for the bureau’s leadership format to be changed.
