CFPB Warns on ‘Revolving Door’ Misconduct

cfpb

Some interesting news for any compliance professionals who recently worked at the Consumer Financial Protection Bureau: the agency’s new director is warning current employees to be more cautious about talking with former employees and to watch for “revolving door misconduct.”  The message came from Rohit Chopra, the CFPB’s decidedly enforcement-minded director, who took office last…

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SPACs and Corporate Disclosure

SPACs

The Securities and Exchange Commission has published fresh guidance detailing how special-purpose acquisition companies — those corporate contraptions designed to go public first and then acquire other operating businesses later — should disclose conflicts of interest, financial incentives for management, acquisition strategies, and related issues. SEC staff released the guidance on Dec. 22 as a…

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Governance Lessons From the Postal Service

Postal Service

Radical Compliance always strives to find the latest, best illustrations of corporate governance gone wrong that we can dissect for lessons everyone else can learn. Today we have a gem: the U.S. Postal Service.  By now you probably know at least the contours of the story. The U.S. Postal Service is a money-losing operation, and…

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Other Compliance News in the News…

compliance news

This week I’ve been finishing a presentation for the Society of Corporate Compliance & Ethics annual conference (you’re all going and attending my talk on Sept. 28, right?), so I’m behind in posting material here. Thankfully we have plenty of other thoughtful voices in the corporate compliance community, so let me stall for time by…

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