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Latest News in Compliance

• January 23, 2025

  Fitbit To Pay $12M Fine For Ionic Smartwatch Burns

  Fitbit has agreed to pay a $12.25 million fine to resolve the U.S. Consumer Product Safety Commission's allegations it failed to immediately report that its Ionic smartwatches were overheating and leaving some consumers with second- and third-degree burns, the consumer safety agency announced Thursday.

• January 23, 2025

  Limits On Biden's Contracting Power Could Also Hinder Trump

  A Trump administration order barring federal contractors from engaging in diversity, equity and inclusion programs could face court challenges, following the path of decisions rejecting the Biden administration's arguments it had statutory authority for minimum wage and vaccine requirements.

• January 23, 2025

  Dems Cite 'Unprecedented Concerns' With Trump Memecoins

  U.S. Sen. Elizabeth Warren and Rep. Jake Auchincloss have urged federal regulators to address "unprecedented concerns" associated with the recent launch of so-called memecoins associated with President Donald Trump and first lady Melania Trump, citing threats of consumer ripoffs, corruption and foreign influence.

• January 23, 2025

  NY Regulator Steps Up Overdraft Fee Fight In CFPB's Wake

  New York's Department of Financial Services has proposed new limits on overdraft and insufficient funds fees for banks that it regulates, positioning the state to pick up where the Biden administration left off with efforts to curb so-called junk fees.

• January 23, 2025

  4th Circ. Reads Kickback Law Broadly In Loss For Big Pharma

  The Fourth Circuit on Thursday affirmed a Virginia federal judge's ruling against a pharmaceuticals industry-backed charity looking to weaken the Anti-Kickback Statute, holding that a proposed program for helping patients cover the cost of drugs could indeed constitute a quid pro quo.

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