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Regulatory Enforcement

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24 articles

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

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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Regulatory
•4 min read

OSHA Launches Regional Safety Program for Gambling and Hotel Industries

The Occupational Safety and Health Administration's San Francisco regional office announced a new Regional Emphasis Program targeting workplace safety in gambling establishments and hotels/motels. The directive, issued April 23, aims to address safety concerns in these high-traffic hospitality sectors through focused enforcement efforts.

•OSHA San Francisco office issued Regional Emphasis Program directive SFO-CPL-05-00-001 targeting gambling and hotel industries
•Program focuses enforcement resources on workplace safety hazards common in casinos, hotels, and motels
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Regulatory
•4 min read

CFPB Fines Equifax $15 Million for Inadequate Credit Dispute Investigations

The Consumer Financial Protection Bureau ordered Equifax to pay $15 million for failing to properly investigate consumer disputes regarding credit reporting errors. The enforcement action addresses the credit bureau's inadequate procedures for handling consumer complaints about inaccuracies.

•CFPB imposed $15 million penalty on Equifax for inadequate dispute investigations
•Action stems from Equifax's failure to conduct proper reviews of consumer credit reporting disputes
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