GRC Report Staff

Italy Challenges Meta’s AI Strategy on WhatsApp as Antitrust Risks Intensify

Italy’s competition regulator is tightening the screws on Meta, warning that the company’s latest changes to WhatsApp could choke off competition in the fast-moving AI chatbot market just as it begins to take shape.

DOJ Targets RealPage Over AI-Driven Rent Pricing Practices

The Justice Department is pushing RealPage to unwind the software practices that federal antitrust officials say helped landlords move in lockstep on rent prices, a big shift authorities argue has undermined competition and contributed to surging housing costs for renters nationwide.

Regulators Finalize Capital Rule Aimed at Removing Barriers to Low-Risk Banking Activity

Federal banking regulators signed off Tuesday on a rule they say will help large banks stay active in lower-risk markets, especially the critical plumbing of U.S. Treasury trading, without being boxed in by leverage rules that weren’t designed for those activities.

Lowe’s Hit With $12.5 Million Penalty Over Lead-Safety Failures in Home Renovations

Lowe’s Home Centers is facing a $12.5 million penalty and a sweeping compliance overhaul after federal regulators said the company repeatedly fell short of lead-safety requirements during renovation work in older homes, work that stretched across hundreds of properties nationwide between 2019 and 2021.

Finnair Faces €7.6 Million Penalty Proposal After FCCA Says Airline Misled Investigators

Finnair is facing a big setback in a long-running antitrust investigation after Finland’s competition authority accused the airline of repeatedly providing misleading and incomplete information during the early stages of the case.

Poland Opens Antitrust Case into Apple Over Alleged Competitive Imbalance in Privacy Rules

Poland’s competition authority has opened an antitrust case into Apple, raising fresh questions about whether the tech giant’s privacy controls have given it an unfair edge in the mobile advertising market.

Cbus Penalized $15.3 Million After Long Delays Leave Thousands Waiting for Payouts

Cbus, one of Australia’s biggest superannuation funds, has been hit with a $23.5 million penalty after the Federal Court found the trustee failed to process thousands of death and disability insurance claims in a reasonable time, in some cases leaving families waiting more than a year for decisions at moments when they needed answers most.