The U.S. Supreme Court has overturned the Chevron doctrine, a judicial precedent that has guided the balance of power between federal agencies and the courts for nearly four decades. The ruling in Loper Bright Enterprises v. Raimondo passed with a 6-3 vote, represents a pivotal shift in administrative law and regulatory oversight.
In an era marked by geopolitical tensions and economic uncertainty, Europe's insurance and pension fund sectors are demonstrating unexpected resilience, according to the latest Financial Stability Report from the European Insurance and Occupational Pensions Authority (EIOPA).
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has announced a proposed rule aimed at strengthening and modernizing anti-money laundering and countering the financing of terrorism (AML/CFT) programs for financial institutions.
The Bank of England (BoE) has released its latest Financial Stability Report, providing an in-depth analysis of the current state of the UK's financial system. The report, which highlights the resilience of UK households, businesses, and banks, also underscores the persistent risks that could impact financial stability. For companies, effective risk management remains crucial in navigating these uncertainties.
The Swedish Data Protection Authority (IMY) has imposed a fine of 15 million Swedish kronor (approximately 1.3 million EUR) on Avanza Bank AB for violating data protection regulations. The decision comes after a thorough investigation into a data breach that occurred between November 15, 2019, and June 2, 2021.
In a sweeping operation across 32 federal districts, the U.S. Department of Justice (DOJ) has unveiled the results of its 2024 National Health Care Fraud Enforcement Action. The crackdown has led to criminal charges against 193 defendants, including 76 licensed medical professionals, for their alleged involvement in schemes totaling approximately $2.75 billion in intended losses and $1.6 billion in actual losses to health care programs. Attorney General Merrick B. Garland emphasized the DOJ's commitment to prosecuting those who exploit healthcare systems for profit.
The Federal Trade Commission (FTC) has taken decisive action against Avast, a prominent software provider known for its antivirus and browser extension products. The finalized order, stemming from charges first announced in February, imposes a dual penalty on the company: a prohibition on selling web browsing data for advertising purposes and a substantial $16.5 million fine.