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FTC Issues Agency Financial Report for Fiscal Year 2023
The Federal Trade Commission issued its Fiscal Year 2023 Agency Financial Report. The report highlights the FTC’s accomplishments in protecting consumers and promoting competition and reaffirms the agency’s commitment to responsible stewardship of resources and sound financial operations.This report, required by the Office of Management and Budget, includes annual audited financial statements, as well as…
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Army Financial Management Center activates under USAFMCOM
To meet the pacing challenge of China and the acute threat posed by Russia, U.S. Army leaders directed the most significant reorganization and technical innovation since the end of the Cold War, and key to their plans is financial management and sustainment of Soldiers around the globe. To that end, the U.S. Army Financial…
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US regulators push Wells Fargo to improve financial crime monitoring
Nov 16 (Reuters) – U.S. regulators are pushing Wells Fargo (WFC.N) to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter.Regulators were focused on the bank’s consumer-watching systems broadly, not any specific client or event, the report said.Wells Fargo…
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George Santos: House finds ‘grave and pervasive’ campaign-finance violations
The New York Republican congressman, fabulist and criminal defendant George Santos said he would not seek re-election next year, after the House ethics committee issued a report detailing “grave and pervasive campaign finance violations and fraudulent activity” and recommending action against him.“I will NOT be seeking re-election for a second term in 2024 as my…
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L’Oréal wins “Le Prix de la Pédagogie” at the 22nd Investor Awards ceremony
Every year, the Investor Awards organised by Boursorama give professional and individual investors a chance to have their say, with the aim of rewarding the best practices of CAC 40 and SBF 120 companies. During the 22nd ceremony, L’Oréal was awarded Le Prix de la Pédagogie, based on a survey of among 110,000 voters conducted by OpinionWay.…
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Manappuram, Anand Rathi Global Finance face monetary penalty for non-compliance
The banking regulator in a release on Thursday said it has imposed a monetary penalty of ₹42.78 lakh on Manappuram Finance Limited, Thrissur for non-compliance with certain provisions of the “Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016″. The apex bank said after examining the Risk…
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Polaris wins Digital Leadership Award in Office of Finance category
Polaris Inc. has been named a winner of the 16th Annual Digital Leadership Awards by Ventana Research. The company was recognized in the Office of Finance category for its work with OneStream Software. The Digital Leadership Awards recognize individuals and companies that have embraced the use of technology to help them lead their businesses and optimize…
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Lac du Flambeau Tribal leader accuses Joint Finance Committee of discrimination
The biennial budget passed earlier this year put aside $11 million in tribal gaming revenue to be used as grant money for the Tribes.The Department of Administration requested the Joint Finance Committee award each of the 11 federally recognized tribes in Wisconsin $1 million dollars from this fund to be used to pay for expenses…
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BNP Paribas grants the first Inclusive & Sustainability-Linked Financing to three major microfinance players in France, Italy and Brazil
BNP Paribas, in partnership with the JuST Institute, innovates in microfinance and develops Inclusive & Sustainability-Linked Financing (ISLF) for all players in inclusive finance. Subject to achievement of predefined environmental, social and just transition objectives, microfinance institutions will be able to benefit from reduced interest rates or technical assistance and will be supported by the…
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4 holiday spending traps a financial planner says are more expensive than you realize
Promotional offers on credit cards often come with an interest rate increase when they end. Sitthiphong Thadakun / EyeEm / Getty Images Redeem now Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our…