United States

DOJ FCPA Opinion Procedure Regulations

The Department of Justice updated its Foreign Corrupt Practices Act (FCPA) Opinion Procedure Regulations. This update provides guidance on how companies can seek an opinion from the DOJ regarding proposed conduct under the FCPA.

DOJ FCPA Resource Guide Updated with FEPA Addendum

The Department of Justice (DOJ) has released an addendum to its FCPA Resource Guide to address the Foreign Extortion Prevention Technical Amendments Act (FEPA), enacted on July 30, 2024. This update provides information on the new criminalization of the 'demand side' of foreign bribery.

US v. James Briar - IT Contract Fraud and Bid-Rigging

The DOJ Antitrust Division announced charges against IT executive Victor Marquez for conspiracy to commit wire fraud and bid-rigging on U.S. government IT contracts. Marquez and co-conspirators allegedly defrauded the government, resulting in over $3.8 million in payments to Marquez and his company. This action is part of an ongoing investigation into IT contract fraud.

US, Ohio sue OhioHealth Corporation - Antitrust

The Department of Justice and the State of Ohio have filed an antitrust complaint against OhioHealth Corporation. The complaint alleges that OhioHealth engaged in anticompetitive practices, leading to increased healthcare costs for consumers in Ohio.

US v. Constellation Energy Corporation, et al. - Civil Merger Case

The DOJ Antitrust Division has filed a civil merger case against Constellation Energy Corporation, Calpine Corporation, and CPN CS Holdco Corp. The complaint alleges a horizontal merger violation in the electric power and natural gas distribution industries. A proposed final judgment and related stipulations were also filed.

DFPI Shares Steps to Protect Family from Scams

The California Department of Financial Protection and Innovation (DFPI) issued a notice sharing practical steps for consumers to protect themselves and their families from scams and fraud. This follows a year where the DFPI and Attorney General's office shut down 48 scam websites.

DFPI Orders Coinme to Refund $175,000 to California Consumers

The California Department of Financial Protection and Innovation (DFPI) has ordered crypto kiosk company Coinme to refund $175,000 to consumers for violating the state's Digital Financial Assets Law. This action follows a previous order where Coinme was fined $300,000 and ordered to pay $51,700 in restitution.

DFPI Fines Apoyo Financiero $1 Million for Overcharging

The California Department of Financial Protection and Innovation (DFPI) has ordered Apoyo Financiero, Inc. to pay a $1 million penalty and over $218,000 in restitution for charging excessive interest and fees to customers. The enforcement action stems from a routine examination that uncovered violations of California financing laws.

DFPI Orders Apoyo Financiero, Inc. to Pay $1M Penalty for Overcharging Customers

The California Department of Financial Protection and Innovation (DFPI) has ordered Apoyo Financiero, Inc. to pay a $1 million penalty and reimburse over $218,000 to customers for charging excessive interest and fees. The lender marketed services to the unbanked community.

DFPI Fines Nexo Capital Inc. $500,000 for Unlicensed Crypto Loans

The California Department of Financial Protection and Innovation (DFPI) has fined Nexo Capital Inc. $500,000 for operating as an unlicensed lender and making risky crypto-backed loans to California residents. The company failed to assess borrowers' ability to repay loans, violating California financial laws.