RegulatoryOversight

CFPB Asserts Supervisory Power Over Google Payments Division

15 days ago

In a significant move that emphasizes regulatory scrutiny over tech giants, the Consumer Financial Protection Bureau (CFPB) has announced that it possesses supervisory authority over the payment unit of Google. This action signifies a deeper regulatory engagement with major technology firms that have ventured into financial services, ensuring consumer protection amidst the evolving landscape of digital finance.

Funds Locked in Synapse Set to Be Returned by Year-End, According to Trustee Announcement

2 months ago

In a significant development for investors impacted by the freezing of funds in the Synapse platform, the trustee has confirmed that affected parties can expect their funds to be restored by the end of this year. This update comes after a challenging series of events that left many investors anxious about their assets' status.

Expanding Investigation: SAP and Carahsoft Under Scrutiny for Deals with Almost 100 Government Agencies

3 months ago

The investigation into the dealings of software giant SAP SE and its public-sector reseller, Carahsoft Technology Corp., with U.S. government agencies has dramatically widened in a growing controversy. Federal audits of the partnerships, to examine questions of procurement practices, transparency, and compliance, have now expanded to nearly 100 agencies, according to sources familiar with the probe.