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Regulatory

Federal agency enforcement actions, rulemaking, and regulatory developments. Coverage of the SEC, FTC, CFPB, CFTC, OSHA, FDA, and other agencies shaping compliance and industry standards.

Regulatory
•4 min read

FTC Blocks Edwards Lifesciences' $945M Heart Device Deal

The Federal Trade Commission filed suit to block Edwards Lifesciences' proposed $945 million acquisition of JenaValve Technology, alleging the deal would create a monopoly in the market for transcatheter aortic valve replacement devices used to treat aortic regurgitation. The FTC argues that combining the only two companies with ongoing U.S. clinical trials for these life-saving heart devices would stifle innovation and increase costs for patients.

•Edwards acquired JC Medical in July 2024 and seeks to buy JenaValve for $945 million, combining the only two companies with ongoing U.S. clinical trials for TAVR-AR devices
•More than 8 million Americans suffer from aortic regurgitation, currently treatable only through invasive open heart surgery
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Regulatory
•4 min read

FTC Gets $14.6M Grant to Build AI-Powered Investigation Platform

The Federal Trade Commission has been awarded a $14.6 million Technology Modernization Fund grant to upgrade its data processing infrastructure and develop AI-powered analytics tools for investigations. The modernization effort aims to reduce investigation timelines from weeks to hours while saving millions by bringing data analysis capabilities in-house.

•FTC receives $14.6 million federal grant for technology modernization to build AI-powered analytics platform
•New system will reduce data processing time from weeks to hours for investigations
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Regulatory
•4 min read

OSHA Updates Penalty and Debt Collection Procedures in Field Manual

The Occupational Safety and Health Administration issued an updated Chapter 6 of its Field Operations Manual on July 14, 2025, revising procedures for penalties and debt collection in workplace safety enforcement. The national directive CPL 02-00-164 affects how OSHA inspectors assess and collect penalties from employers who violate workplace safety standards.

•OSHA updated Chapter 6 of its Field Operations Manual addressing penalty assessment and debt collection procedures
•The directive applies nationally and affects all OSHA enforcement operations under designation CPL 02-00-164
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Regulatory
•4 min read

CFPB Settles Military Lending Act Case Against FirstCash

The Consumer Financial Protection Bureau has reached a settlement with FirstCash, Inc. and 19 subsidiaries to resolve a lawsuit alleging violations of the Military Lending Act. The parties filed a stipulated final judgment that would end the litigation if approved by the court.

•CFPB sued FirstCash and 19 subsidiaries in November 2021 for Military Lending Act violations
•Settlement includes stipulated final judgment pending court approval
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Regulatory
•4 min read

OSHA Launches National Crackdown on Manufacturing Amputations

The Occupational Safety and Health Administration has launched a new National Emphasis Program specifically targeting amputation hazards in manufacturing industries. The initiative, designated under directive CPL-03-00-027 and announced June 26, represents a focused federal enforcement effort to address severe workplace injuries.

•OSHA establishes National Emphasis Program under directive CPL-03-00-027 to combat amputation injuries in manufacturing
•Program represents targeted federal enforcement initiative focusing on severe workplace safety violations
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Regulatory
•4 min read

OSHA Issues Updated Site-Specific Targeting Enforcement Directive

The Occupational Safety and Health Administration has issued enforcement directive CPL 02-01-067, updating its Site-Specific Targeting strategy for workplace safety inspections. The directive, effective May 20, 2025, replaces the previous CPL 02-01-064 and revises how OSHA prioritizes workplace enforcement actions.

•OSHA released enforcement directive CPL 02-01-067 replacing previous directive CPL 02-01-064
•The directive updates Site-Specific Targeting methodology for workplace safety inspections
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Regulatory
•4 min read

CFPB Amends Consent Order with Wise Over Fee Disclosure Violations

The Consumer Financial Protection Bureau amended its January 30, 2025 consent order with international remittance company Wise, addressing violations related to inaccurate fee advertising and inadequate disclosure of exchange rates and transfer costs.

•CFPB amended January 30, 2025 consent order with Wise over remittance disclosure violations
•Original settlement addressed inaccurate fee advertising and inadequate exchange rate disclosure
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Regulatory
•4 min read

OSHA Issues Updated Strategic Partnership Directive for Workplace Safety

The Occupational Safety and Health Administration issued directive CSP-03-02-004 on May 13, 2025, updating its Strategic Partnership Program guidelines. The national directive aims to strengthen collaborative efforts between OSHA and employers to improve workplace safety standards.

•OSHA issued directive CSP-03-02-004 updating Strategic Partnership Program guidelines for enhanced workplace safety collaboration
•The national directive establishes framework for cooperative relationships between OSHA and employers beyond traditional enforcement
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Regulatory
•4 min read

CFPB Will Not Prioritize Enforcement Actions Against BNPL Providers

The Consumer Financial Protection Bureau announced it will not prioritize enforcement actions against Buy Now, Pay Later providers based on Truth in Lending Act regulations regarding digital user accounts. This policy shift represents a significant change in the CFPB's enforcement approach toward the rapidly growing BNPL industry.

•CFPB will not prioritize enforcement actions under Regulation Z's digital user account provisions for BNPL loans
•Policy relates to May 2024 federal register rule on Truth in Lending requirements for BNPL services
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Regulatory
•4 min read

CFPB Scales Back Enforcement Actions Following Texas Court Stay

The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervision actions against entities currently outside the scope of a court-imposed stay in *Texas Bankers Association v. CFPB*. This strategic decision represents a significant shift in the agency's regulatory approach as it navigates ongoing legal challenges to its authority.

•CFPB voluntarily reducing enforcement actions beyond what court stay requires
•Decision affects entities not directly covered by the Texas Bankers Association case
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