The Federal Trade Commission is moving to limit Beretta Holding’s influence over the board of rival gun manufacturer Sturm, Ruger & Co. after raising concerns that a proposed stock deal could create an illegal connection between competing companies. The Federal Trade Commission announced September 16 that it had accepted a proposed consent order addressing antitrust concerns arising from an agreement between Beretta Holding S.A. and
Federal banking regulators are proposing a new approach to how banks and credit unions oversee the technology companies, payment processors and other outside businesses they rely on to provide financial services. The Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration and Office of the Comptroller of the Currency jointly announced the proposed third-party risk management guidance on September 11. The proposal would
The Federal Reserve Board announced the enforcement action against Gadiel J. Rosario-Alvarado on August 27. Rosario-Alvarado formerly worked as a Telephone Banking Consultant for Banco Popular de Puerto Rico, a state member bank headquartered in San Juan. According to the Federal Reserve’s consent order, the alleged activity occurred between 2023 and 2025 and involved at least 50 unauthorized transactions. Fed Says Customer Money Was Used
The Federal Reserve Board has barred two former bank employees from participating in the banking industry following findings involving the misappropriation of customer funds. The enforcement actions, announced August 20, involve Stephanie R. Kilbert, a former employee of Regions Bank in Birmingham, Alabama, and Crystal A. Wykle, a former employee of United Community Bank in Greenville, South Carolina. The Federal Reserve described both actions as
New York Attorney General Letitia James issued a consumer alert warning New Yorkers, particularly older adults, about an increasingly common scheme known as a “gold bar scam” that has resulted in significant financial losses across the state. How the Gold Bar Scam Begins According to the official announcement from the Office of the Attorney General (OAG), these scams typically begin with a fake pop-up message
The U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office (HGEO) has announced up to $10.75 million in federal funding for eligible U.S. colleges and universities, according to an official agency announcement. The funding is offered through HGEO’s University Training and Research (UTR) Program and is intended to support early-stage research and development projects while preparing the next generation of energy professionals. Funding Targets Three
California Attorney General Rob Bonta issued a statement expressing disappointment after a federal court approved the U.S. Department of Justice’s settlement of the $14 billion merger between Hewlett Packard Enterprise (HPE) and Juniper Networks, according to an official announcement from the California Office of the Attorney General. States Had Challenged the HPE-Juniper Settlement The U.S. District Court for the Northern District of California approved the
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing new recordkeeping and reporting requirements on certain financial institutions operating in Minnesota, according to an official announcement published in the Federal Register on August 11, 2026. FinCEN Targets Certain Minnesota Financial Transactions The order, which took effect immediately upon publication, applies to specific businesses and transactions
The U.S. Department of Justice announced that Danny Bell, the owner and manager of residential rental properties in Somerset, Kentucky, has agreed to pay $150,000 to resolve a lawsuit alleging he sexually harassed female tenants in violation of the Fair Housing Act, according to an official announcement from the department. Justice Department Case Accused Landlord of Harassing Tenants for Years The Justice Department’s lawsuit, filed
Choosing the wrong tax preparer can have serious consequences. A Las Vegas woman who owned a tax preparation business has been sentenced to 30 months in federal prison after admitting to participating in a scheme that sought more than $5 million in fraudulent IRS refunds, according to the U.S. Department of Justice. Las Vegas Tax Preparer Sentenced in Multi-Million-Dollar IRS Fraud Case Iris Hondermann owned
