#financial-oversight

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#profit-leakage #revenue-collection #cash-flow-management #city-auditor #cfpb #consumer-protection #stablecoins
Cryptocurrency
fromFast Company
6 days ago

JPMorgan warns a 'parallel banking system' is emerging-and it could put trillions in deposits at risk

Interest-bearing stablecoins function like bank deposits but lack regulatory safeguards, creating systemic risk through an unregulated parallel banking system.
US politics
fromThe Nation
1 week ago

Binance's MAGA-Branding Strategy

Binance has become the primary financial and technical supporter of Trump's cryptocurrency ventures while benefiting from regulatory relief under his administration.
UK politics
fromwww.standard.co.uk
3 weeks ago

Almost half of borough's schools in debt as London pupil exodus compounds financial woes

Haringey Council approved regulations requiring indebted council-run schools to obtain local authority approval for planned expenditures over £25,000 to tighten budget controls.
fromwww.cbc.ca
1 month ago

Ontario education minister putting Peel school board under provincial control | CBC News

Ontario's education minister placed a seventh school board under supervision Wednesday in order to prevent dozens of teachers from being laid off, he says, and he is planning to soon take control of another board over financial concerns. Paul Calandra announced that he has put Peel District School Board under supervision and is giving the York Catholic District School Board two weeks to make a case for avoiding the same fate.
Canada news
fromIrish Independent
3 months ago

Louth's 1.2m Fleadh debt 'an unacceptable burden on taxpayers'

Because of Covid we ended up with a bill that we hadn't expected, none of us predicted Covid, so we are where we are.
Miscellaneous
California
fromThe Mercury News
5 months ago

San Mateo County supervisors tighten financial oversight of sheriff's office amid Corpus removal efforts

San Mateo County now requires county executive approval for Sheriff’s Office contracts under $200,000, reducing the sheriff’s autonomous spending after reserves fell below policy minimum.
#profit-leakage
more#profit-leakage
fromwww.standard.co.uk
7 months ago

Foreign worker who put 1,239 work visa on City Hall expenses rumbled in fraud probe - as 9million agency staff bill revealed

The near breach of the Greater London Authority's financial rules only came to light following a chance investigation by its internal counter fraud team.
London politics
fromFortune
8 months ago

Trump administration says some of the $6 billion education grants it withheld were funding 'a radical leftwing agenda'

The Trump administration accused states and schools of misusing federal grants meant for immigrants' children and low-income students, claiming they funded a radical leftwing agenda.
US politics
UK politics
fromwww.independent.co.uk
8 months ago

Government dangerously flat-footed' in recovering 1.9bn of Covid loan losses

The UK's bounce back loan scheme is fraught with fraud and oversight issues, leading to significant taxpayer losses.
The government must enhance its recovery efforts for loan fraud.
UK politics
fromwww.theguardian.com
8 months ago

Reviews show Tories wasted billions of pounds on HS2, transport secretary to say

Conservatives mishandled HS2 project, leading to significant financial waste and mismanagement, as stated by the transport secretary.
fromIrish Independent
9 months ago

University of Limerick official who led 5.2m overspend on houses resigns

"The CCO has also resigned from all directorships and offices associated with or connected to the university."
UK news
Tech industry
fromInfoWorld
9 months ago

Enterprises are wasting the cloud's potential

Poor leadership in cloud governance leads to overspending on resources and missed innovation opportunities.
UK news
fromIrish Independent
10 months ago

The Irish Independent's View: How many more secrets can RTE keep hidden from taxpayers?

RTÉ's €3.6m write-down exacerbates trust issues amidst ongoing financial struggles and accountability concerns.
fromThe Oaklandside
10 months ago

Is a flawed overtime formula costing Oakland money?

The city has paid more than $1.6 million in excess overtime since 2018, highlighting a significant oversight in budget management and financial accountability.
NYC politics
UK politics
fromIrish Independent
10 months ago

Finance Minister Jack Chambers to increase scrutiny of government spending in fight against waste

New measures are implemented to enhance oversight and value in state spending amidst recent controversies.
#cfpb
fromwww.housingwire.com
10 months ago
Privacy professionals

With CFPB gutted, what's next for mortgage compliance?

The administration lacks constitutional authority to dismantle a congressionally funded agency.
fromEngadget
10 months ago
Privacy professionals

The Consumer Financial Protection Bureau has cut 90 percent of its employees

CFPB workforce drastically reduced by 90% to about 200 employees.
New priorities shift focus from consumer protection to mortgages; critical areas neglected.
Privacy professionals
fromEngadget
10 months ago

The Consumer Financial Protection Bureau has cut 90 percent of its employees

CFPB workforce drastically reduced by 90% to about 200 employees.
New priorities shift focus from consumer protection to mortgages; critical areas neglected.
more#cfpb
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