U.S. SEC enforcement chief says FY2021 enforcement figures will be 'slightly down' REUTERS The U.S. Securities and Exchange Commission's (SEC) director of enforcement on Friday said the agency's fiscal year 2021 enforcement figures will be "slightly down" from the prior year. read more » U.S. DoJ investigating electric vanmaker Workhorse REUTERS
Spies, lies and losses: Credit Suisse's scandals REUTERS Credit Suisse (CSGN.S) will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said on Thursday, as it regroups following a string of scandals. read more » Zillow plunges 25% to lowest since July 2020, after company exits home-buying business CNBC
Tesla recalls nearly 12,000 U.S. vehicles over software communication error REUTERS Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said Tuesday. read more »
Regulators Ask Congress to Create New Rules for Cryptocurrencies NEW YORK TIMES Federal regulators say they urgently need more power from Congress to properly regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs, consumer abuse and payment snafus unless lawmakers act quickly, according to a report issued Monday by the Treasury Department. read more » Squid Game crypto plunges to $0 after scammers steal millions of dollars from investors CNN
Kaiser defrauded Medicare of $1B, Justice Department alleges BECKER"S HOSPITAL REVIEW Oakland, Calif.-based Kaiser Permanente and various affiliates defrauded Medicare of about $1 billion by adding diagnoses to patients' medical records to increase reimbursement, the Justice Department alleged in a complaint filed Oct. 25. read more » Federal judge closes ZeekRewards case. Final payout of $10M to $13M approved WINSTON SALEM JOURNAL
Emmer Introduces Legislation to Protect CFPB Whistleblowers CONGRESSMAN TOM EMMER Today, Congressman Tom Emmer (MN-06) introduced the CFPB Whistleblower Incentives and Protection Act to create a whistleblower program at the Consumer Financial Protection Bureau (CFPB). read more » Atlanta pharmacy to pay $4.6 million to settle False Claims Act allegations regarding compound medications DOJ
Tesla FSD 'issues' in 10.3 update result in rollback, before apparent fix CNET Tesla this past weekend pushed a new update to its Full Self-Driving beta, a Level 2 driver-assist system that is not fully autonomous, but the company quickly needed to backtrack. After deploying FSD beta 10.3, CEO Elon Musk tweeted on Sunday the company would need to revert back to 10.2 amid "issues." read more » California Enacts Ban on Gas-Powered Lawn Mowers, Leaf Blowers CAR AND DRIVER