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 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 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’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, 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.
The Danish Data Protection Authority has stepped into a debate over how far suppliers can go when asked to hand over employee information as proof that they’re complying with employment clauses in public and private contracts. A new guidance statement, issued in response to a request from Accura Advokatpartnerselskab, lays out the Authority’s view on the data protection rules that govern these disclosures, and confirms that many suppliers have been right to question the legal footing.
One of the nation’s largest bedside wound-care providers will pay $45 million to resolve federal allegations that it routinely billed Medicare for procedures that were unnecessary, and in some cases, never performed.