Regulation News
Financial regulation news from the SEC, FINRA, and government agencies. Track policy changes, enforcement actions, and compliance updates affecting markets.
Bipartisan Plan to Lift Social Security Wage Cap Could Add $19,561 Tax for $500K Earners
A bipartisan proposal to eliminate Social Security's wage cap would add $19,561 in annual taxes for $500,000 earners, with employers paying the same. The plan aims to extend trust fund solvency but faces hurdles.
Malta Telecom Merger Plan Could Consolidate 64% of Mobile Market
Melita has agreed to acquire Epic Communications from Monaco Telecom, a deal that would consolidate about 64% of Malta's mobile subscriptions if approved.
Tariff Documents Reveal Cost Pressures on Airbus and Novelis Alabama Projects
Emails reveal tariff costs threatening Airbus and Novelis Alabama projects. Novelis reports $143M EBITDA impact; Airbus expands Mobile despite challenges.
CenterPoint Data Breach Exposes Customer Data; Full Impact Pending
CenterPoint Energy disclosed a data breach involving customer personal information. The full scope and financial impact are still under investigation.
Kenyan Court Nullifies Safaricom Stake Sale, Vodacom's Control at Risk
Kenya's High Court voided the government's sale of a 15% Safaricom stake to Vodacom, ordering the shares returned, jeopardizing Vodacom's 55% control. Vodacom plans to appeal.
Belgium Curbs Live Nation's Pukkelpop Control in Decade-Long Remedy
Belgium's competition authority lets Live Nation keep Pukkelpop but forces a 10-year separation, with an independent operator controlling lineup, pricing, and operations.
Santander Wins PPI Appeal, Genworth Shares Slide 5.5%
Santander's successful appeal trims a £677M PPI award, sending Genworth shares down 5.5% as a potential $750M recovery fades.
Senate Rejects Crypto Market Clarity Act; Coinbase, Circle Slide
The Senate failed to advance the Digital Asset Market Clarity Act in a 49-50 vote, with crypto-linked stocks like Coinbase and Circle tumbling on the news.
Take-Two Escalates GTA VI Leak Hunt with Second Discord Subpoena
Take-Two Interactive obtained a second federal subpoena for Discord in its GTA VI leak investigation. The move adds legal pressure but doesn't confirm a leaker's identity.
Anthropic Co-Founder Urges Mandatory, Auditable AI Shutdown Controls
Anthropic co-founder Jack Clark suggests AI shutdown capabilities should be mandatory and verifiable by third parties. A House bill proposes similar requirements for the most powerful AI systems.
Ford Recalls 2023-2027 F-150s Over Fuel Tank Risk
Ford recalls 223,472 F-150s (2023-2027) over fuel tank leak/detachment risk. NHTSA campaign 26V578000; dealers inspect straps, replace if needed.