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.

State AG Settlements and Lawsuit Over Generic Drug Prices

South Dakota Attorney General Marty Jackley announced settlements totaling $17.85 million with Lannett Company and Bausch Health over alleged price inflation of generic drugs. Additionally, the state joined a lawsuit against Novartis and Sandoz for similar price-fixing allegations.

Mayday Health Settlement Regarding Abortion Pill Advertisements

South Dakota Attorney General Marty Jackley announced a settlement with Mayday Health, resolving a lawsuit over unlawful abortion pill advertisements. The company has agreed to remove all deceptive and unlawful advertisements of abortion pills within the state.

South Dakota Live Nation/Ticketmaster Antitrust Settlement

South Dakota Attorney General Marty Jackley announced a settlement with Live Nation and Ticketmaster for $677,920 in an antitrust suit. The settlement aims to improve competition and pricing for entertainment tickets in the state. This action is part of a larger multistate lawsuit.

SD AG Joins Lawsuit Against OneMain Financial for Misleading Customers

South Dakota Attorney General Marty Jackley has joined 12 other states in suing OneMain Financial, Inc. for allegedly misleading customers with hidden costs and unnecessary add-on insurance policies. The lawsuit details a 'bait and switch' scheme that traps borrowers in expensive loans.

Ohio AG: Woman and Nonprofit Indicted for $150K Theft and Fraud

The Ohio Attorney General's office announced the indictment of a woman and a nonprofit organization for allegedly committing $150,000 in theft and fraud. The charges stem from an investigation into the alleged misuse of funds.

Ohio AG Sues Animal Rescue for Misusing Donations

The Ohio Attorney General has filed a lawsuit against a sham animal rescue nonprofit for allegedly misusing charitable donations. The lawsuit seeks to recover funds and prevent future misuse of donations by the organization.