GRC Report Staff

OCC’s August Actions Show Banking Missteps Come in All Sizes

The Office of the Comptroller of the Currency (OCC) has published its latest round of enforcement actions, and the list makes for a telling snapshot of the different ways trust in the banking system can fray. On one end, a small Illinois bank is under pressure to fix fundamental weaknesses in capital and planning. On the other, a string of former tellers and managers from some of the country’s biggest banks have been banned from the industry for dipping into customer funds.

FTC Chairman Warns Tech Giants Against Weakening Data Security Under Foreign Pressure

Federal Trade Commission (FTC) Chairman Andrew N. Ferguson has issued a pointed warning to some of the world’s biggest technology companies to not weaken Americans’ data security or censor speech at the request of foreign governments.

EY Survey Shows EHS Investments Driving Resilience

‍For years, environment, health, and safety (EHS) programs were treated as the paperwork-heavy cousin of corporate compliance—necessary, yes, but hardly the stuff of boardroom strategy. That perception is quickly eroding. A new EY survey shows that when companies take EHS seriously and invest strategically, they don’t just tick regulatory boxes, they create real, measurable business value.

ACMA Issues Guidance to TV Manufacturers Ahead of 2026 Prominence Rules

Australia’s communications watchdog has released new guidance to help television manufacturers adapt to the nation’s forthcoming TV prominence framework, a regulatory shift designed to ensure Australian audiences can more easily find free-to-air channels and their digital counterparts.

CVS Ordered to Pay $290 Million for Medicare Fraud

A federal court has handed down a major financial blow to CVS Caremark, ordering the pharmacy benefit manager to pay nearly $290 million in damages and penalties for defrauding the Medicare Part D program. The ruling caps a whistleblower case that began more than a decade ago and underscores the steep consequences companies face for overbilling federal health programs.

FTC Takes LA Fitness to Court Over Allegedly Onerous Membership Cancellations

The Federal Trade Commission has filed suit against the operators of LA Fitness, accusing the company of making it unnecessarily difficult for consumers to cancel gym memberships and related services that continued indefinitely unless cancelled.

AER Chair Puts Risk & Compliance at the Forefront of Market Transformation

Australian Energy Regulator (AER) Chair Clare Savage has warned that regulators must be prepared to navigate the twin challenges of speed and complexity as markets transform, urging that risk awareness and compliance discipline remain central to regulatory responses.