Vermont AG Settles with United Counseling Services for $480,000

The Vermont Attorney General's Office has settled with United Counseling Services (UCS) for $483,464 over allegations of service failures that posed public safety risks. The settlement requires UCS to implement significant organizational reforms and external oversight.

Vermont AG Sues Trump Administration Over Fair Housing Laws

Vermont Attorney General Charity Clark joined 16 other attorneys general in filing a lawsuit challenging the Department of Housing and Urban Development's (HUD) actions. The lawsuit alleges HUD unlawfully threatened to withhold funding from state and local fair housing enforcement agencies that comply with state laws, potentially increasing housing discrimination.

Bank of England Publishes FMI Reporting Rules and Consultation

The Bank of England has published new operational incident and outsourcing and third-party reporting (IOREP) rules for financial market infrastructures (FMIs), effective March 18, 2027. A related consultation seeks to revoke a duplicative rule for CCPs, with comments due by June 18, 2026.

Revised Supervisory Statement on Outsourcing and Third-Party Risk Management for CCPs

The Bank of England has published a revised supervisory statement on outsourcing and third-party risk management for central counterparties (CCPs). This update provides specific guidance on interpreting definitions, managing risks, and meeting reporting requirements under the IOREP rules, taking effect on March 18, 2027.

Bank of England Operational Resilience Incident Reporting Guidance

The Bank of England has published Supervisory Statement SS1/26, outlining expectations for firms reporting operational incidents. This guidance, effective March 18, 2027, aims to enhance the operational resilience of the UK financial sector by ensuring consistent reporting of incidents that could impact financial stability.

Bank of England Supervisory Statement on FMI Operational Incident Reporting

The Bank of England has published a supervisory statement providing guidance on operational incident reporting for Financial Market Infrastructures (FMIs). This guidance, effective March 18, 2027, clarifies definitions, thresholds, and reporting procedures through the FCA Connect platform.

Updated Outsourcing and Third-Party Risk Management for CSDs

The Bank of England has updated its supervisory statement on outsourcing and third-party risk management for Central Securities Depositories (CSDs). The revisions clarify definitions, risk management expectations, and reporting requirements under the IOREP rules, taking effect on March 18, 2027.

Updated Outsourcing and Third-Party Risk Management Guidance for Payment System Operators

The Bank of England has updated its supervisory statement on outsourcing and third-party risk management for recognised payment system operators (RPSOs) and specified service providers (SSPs). This revised guidance clarifies definitions, risk management expectations, and reporting requirements, taking effect on March 18, 2027.

Bank of England Policy on Operational Incident and Third-Party Reporting

The Bank of England (PRA) has published a policy statement finalizing rules for operational incident and third-party reporting. The policy aims to enhance operational resilience by standardizing reporting and reducing firm burden, aligning with international standards like DORA and FSB FIRE.

South Dakota AG Settles with Menards for Deceptive Rebate Advertising

South Dakota Attorney General Marty Jackley announced a multistate settlement with Menards, securing $102,888.64 to resolve deceptive advertising claims regarding its 11% rebate program. Menards will change its advertising practices to accurately represent discounts and disclose program limitations.