June 2024 - cypherpunks - lists.cpunks.org

JPMorgan Should Save Data Sob Story For Feds, Argus Says
by Gunnar Larson 25 Jun '24

25 Jun '24

JPMorgan Should Save Data Sob Story For Feds, Argus Says <https://www.law360.com/competition/articles/1850385?nl_pk=6416fd97-1dc4-4e0…> By Katryna Perera TransUnion and its data unit Argus Information & Advisory Services have told a Delaware federal judge that they plan to seek dismissal of a JPMorgan Chase & Co. lawsuit tied to their recent $37 million settlement with the government over claims that Argus misused credit card data it was collecting from banks on regulators' behalf. 2 documents attached | Read full article » <https://www.law360.com/competition/articles/1850385?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1850385?nl_pk=6416fd97-1dc4-4e0…>

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Illinois, Other States Back FTC Bid To Affirm Intuit Ad Ruling
by Gunnar Larson 25 Jun '24

25 Jun '24

Illinois, Other States Back FTC Bid To Affirm Intuit Ad Ruling <https://www.law360.com/competition/articles/1850516?nl_pk=6416fd97-1dc4-4e0…> By Asha Glover Illinois, along with 20 other states and the District of Columbia, defended the Federal Trade Commission in tax software giant Intuit's Fifth Circuit constitutional challenge to the agency's findings that the company engaged in deceptive advertising, saying in an amicus brief that the FTC's conclusion was correct. Brief attached | Read full article » <https://www.law360.com/competition/articles/1850516?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1850516?nl_pk=6416fd97-1dc4-4e0…>

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Charity Urges Better Ways To Fight Investment Greenwashing
by Gunnar Larson 25 Jun '24

25 Jun '24

Charity Urges Better Ways To Fight Investment Greenwashing <https://www.law360.co.uk/financial-services-uk/articles/1850619?nl_pk=a94fc…> By Sam Tabahriti A legal environmental charity on Monday called for stronger measures to address the practice of misrepresenting financial products as environmentally friendly when they do not meet the necessary sustainability criteria. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1850619?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1850619?nl_pk=a94fc…>

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CEO Can Sue Nickel Mining Co. In UK Over 'Ambiguous' Firing
by Gunnar Larson 25 Jun '24

25 Jun '24

CEO Can Sue Nickel Mining Co. In UK Over 'Ambiguous' Firing <https://www.law360.co.uk/financial-services-uk/articles/1850633?nl_pk=a94fc…> By Tabitha Burbidge An employment tribunal has ruled that the former CEO of a Zambian mining company can pursue his unfair dismissal claim in the U.K. after concluding that his contract was subject to English law. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1850633?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1850633?nl_pk=a94fc…>

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Harvard Prof Calls NFL Sunday Ticket 'Highly Anticompetitive'
by Gunnar Larson 25 Jun '24

25 Jun '24

Harvard Prof Calls NFL Sunday Ticket 'Highly Anticompetitive' <https://www.law360.com/competition/articles/1851024?nl_pk=6416fd97-1dc4-4e0…> By Craig Clough A Harvard law professor testified Monday in a multibillion-dollar antitrust lawsuit over the NFL's Sunday Ticket that pooling teams' television rights into exclusive deals is not like Beyoncé having an exclusive music distributor — as an NFL expert testified — but like Beyoncé, Rihanna, Taylor Swift and Billie Eilish pooling rights. Read full article » <https://www.law360.com/competition/articles/1851024?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1851024?nl_pk=6416fd97-1dc4-4e0…>

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Ex-Chief Of EU Lender Probed Over Corruption Allegations
by Gunnar Larson 25 Jun '24

25 Jun '24

Ex-Chief Of EU Lender Probed Over Corruption Allegations <https://www.law360.co.uk/financial-services-uk/articles/1850688?nl_pk=a94fc…> By Christopher Crosby Werner Hoyer, the former head of the European Union's lending arm, is being investigated by the bloc's public prosecutor over corruption, abuse of influence and misappropriation allegations that he said on Monday were "unfounded and baseless." Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1850688?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1850688?nl_pk=a94fc…>

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Businessman Sentenced For Disclosure Failings In Fraud Suit
by Gunnar Larson 25 Jun '24

25 Jun '24

Businessman Sentenced For Disclosure Failings In Fraud Suit <https://www.law360.co.uk/financial-services-uk/articles/1850634?nl_pk=a94fc…> By Ronan Barnard A real estate investor was given a suspended sentence by a London judge Monday for failing to hand over information about his financial assets to investors suing him for alleged fraud, despite a court order. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1850634?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1850634?nl_pk=a94fc…>

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XNY.IO - BANK.ORG: 108 Highlights to The U.S. International Development Finance Corporation (DFC) Congressional Budget Justification - Fiscal Year 2025
by Gunnar Larson 24 Jun '24

24 Jun '24

XNY.IO - BANK.ORG: 108 Highlights to The U.S. International Development Finance Corporation (DFC) Congressional Budget Justification - Fiscal Year 2025: https://drive.google.com/file/d/1gNz-SmoUpZdG9XxXlJ2ZUk_npxYK5Nkb/view?usp=… ---- FY 2025 DFC Request Executive Summary Program Budget and Policy Objectives The FY 2025 program budget request of $1,008 million will enable DFC to grow its portfolio by addressing the significant unmet financing needs in priority sectors and regions that align with U.S. development and foreign policy objectives. DFC leverages its resources to unlock private sector growth and contribute to bridging the $40+ trillion infrastructure need in the developing world. Congress created DFC through the BUILD Act in part to offer a better and more sustainable alternative to China’s Belt and Road Initiative (BRI). DFC catalyzes investment from the private sector and empowers developing countries, helping them leverage their own resources—including human capital and commodities—to tackle poverty, accelerate sustainable economic growth for underserved populations, and become stable U.S. trading partners. Unlike the development approach of the People’s Republic of China (PRC), which often burdens countries with unsustainable sovereign debt and projects that are unsuitable for local conditions, DFC’s efforts are directed toward supporting private entities, mobilizing private capital, and building resilient market economies. DFC emphasizes partnership with the private sector and looks for opportunities to support small businesses and underserved communities, with the goal of sustainable growth. DFC’s financing is a cost-effective way to make significant development and strategic impact around the world because DFC’s private investment model allows each dollar of appropriations to go further. In FY 2023, the agency leveraged $622.6 million in program funding to mobilize more than $9.28 billion in support of 132 projects. In three short years since DFC’s inception in FY 2020, the Corporation has achieved 92 percent growth in annual commitments by dollar value and 65 percent growth in the number of projects committed. To remain a competitive alternative to the PRC and other authoritarian governments, DFC will continue to need robust funding in FY 2025 and beyond to counter the aggressive posture that the PRC has taken in emerging markets. The $1,008 million budget request will support a long-term strategy that DFC has developed to focus on five key sectors that help promote vibrant economies, healthy populations, and stable societies. Administrative Expenses DFC requests $245 million for administrative expenses. This level will support necessary staffing and other support costs to advance U.S. development and strategic foreign policy goals. DFC will use the administrative budget to foster an effective and efficient organization, maintain a fiscally responsible agency, and strengthen its portfolio management capacity. Among other priorities, DFC’s FY 2025 funding will support the expansion of DFC’s overseas presence to continue sourcing quality and impactful projects in local markets, increase underwriting capacity to grow DFC’s portfolio, improve monitoring and evaluation of our developmental impact, and scale mission support functions to meet staff growth and the demands of the program. DFC will use administrative resources to attract and retain the skilled and professional workforce needed to achieve its development and foreign policy objectives. DFC will also direct administrative resources toward expanding stakeholder engagement and improving business development. In addition, administrative resources will enable the Corporation to strengthen management and oversight structures, especially for complex and higher value, higher impact transactions, ensuring DFC can manage risks and monitor results in a manner that maximizes the foreign policy and developmental value of its portfolio.

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Kaspersky Hit With Sanctions In Wake Of US Software Ban
by Gunnar Larson 24 Jun '24

24 Jun '24

Kaspersky Hit With Sanctions In Wake Of US Software Ban <https://www.law360.com/compliance/articles/1850053?nl_pk=ab5ce197-c1fb-4d8e…> By Hailey Konnath The U.S. Department of the Treasury on Friday sanctioned a dozen AO Kaspersky Lab executives, just a day after the U.S. Department of Commerce prohibited the sale of the Russia-based company's antivirus software and cybersecurity products in the United States. 1 document attached | Read full article » <https://www.law360.com/compliance/articles/1850053?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1850053?nl_pk=ab5ce197-c1fb-4d8e…>

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Lawmakers Visit Imprisoned Ex-IRS Agent And Binance Exec
by Gunnar Larson 24 Jun '24

24 Jun '24

Lawmakers Visit Imprisoned Ex-IRS Agent And Binance Exec <https://www.law360.com/compliance/articles/1850275?nl_pk=ab5ce197-c1fb-4d8e…> By Aislinn Keely Rep. French Hill, R.-Ark., and Rep. Chrissy Houlahan, D.-Pa., reiterated their calls for the release of Binance executive and former IRS agent Tigran Gambaryan after visiting with him in the Nigerian prison where he's being detained on money laundering charges levied against his employer. Read full article » <https://www.law360.com/compliance/articles/1850275?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1850275?nl_pk=ab5ce197-c1fb-4d8e…>

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