#financial-oversight

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School board takes credit cards away from superintendent

Superintendent Beth Polito's credit cards have been revoked amid a spending investigation by the District Attorney and local education office.

Bust Premiership trio owe 30m in unpaid Covid loans

Taxpayers could lose up to £29 million from unrecovered Covid loans to failing rugby clubs.
DCMS needs a better strategy for loan recovery from financially unstable clubs.

Croydon report reveals serious governance failures contributing to 43m overspend

The review highlights mismanagement and budget overruns in the Croydon Council's housing projects, prompting calls for legal reforms.

Trump reportedly explores overhaul of banking regulators

Trump's transition team is considering significant structural changes to bank regulations that may affect the mortgage market.

Championship clubs call for vote over RFU leaders

Championship clubs are calling for a vote of no confidence due to excessive bonuses amid significant financial losses.
#corporate-governance

SMCI stock price surges 34%: 'No evidence of misconduct' but Super Micro Computer isn't out of the woods yet

Super Micro's stock rallied 34% after a special committee found no evidence of misconduct amid recent financial scrutiny.

Meet the former organized-crime prosecutor now overseeing the Trump Organization

New financial oversight at Trump Organization
Barbara Jones overseeing Trump Organization financial decisions

SMCI stock price surges 34%: 'No evidence of misconduct' but Super Micro Computer isn't out of the woods yet

Super Micro's stock rallied 34% after a special committee found no evidence of misconduct amid recent financial scrutiny.

Meet the former organized-crime prosecutor now overseeing the Trump Organization

New financial oversight at Trump Organization
Barbara Jones overseeing Trump Organization financial decisions
morecorporate-governance

Audit shows UNC Project Kitty Hawk misspent at least $100K

UNC's Project Kitty Hawk fails to monitor $97 million, leading to $102,000 in unallowable expenses amidst a projected $1.5 million deficit by 2027.

Two allegations of abuse at HSE-run nursing home not investigated, inspectors' report reveals

Cherry Orchard Hospital failed to manage safeguarding concerns effectively, leading to risks for vulnerable residents.

Troubled Peter McVerry Trust is being sued by one of its major contractors

Rubycon Developments has initiated legal proceedings against the Peter McVerry Trust amidst ongoing governance issues and financial difficulties.
#regulation

Consumer Financial Protection Bureau moves to place Google under supervision | TechCrunch

CFPB is seeking to impose formal federal supervision on Google similar to that of major banks.

Citi needs a white knight. Donald Trump's second term might provide one.

Citi's regulatory struggles may ease under Trump's potential deregulation, despite previously incurring over $7.4 billion in costs for compliance issues.

Consumer Financial Protection Bureau moves to place Google under supervision | TechCrunch

CFPB is seeking to impose formal federal supervision on Google similar to that of major banks.

Citi needs a white knight. Donald Trump's second term might provide one.

Citi's regulatory struggles may ease under Trump's potential deregulation, despite previously incurring over $7.4 billion in costs for compliance issues.
moreregulation

Government 'resets' pension dashboard programme | Computer Weekly

The government has reset its proposals for a pension dashboard to better facilitate pension visibility and address lost pension pots.

Debt rule to change to fund major projects

The Treasury is set to relax its debt rule for increased borrowing to fund infrastructure projects, ensuring independent oversight to improve efficiency.

The US Treasury is using AI (a vehicle for fraud) to detect fraud

The US Treasury successfully used AI to detect and recover over $4 billion in fraud payments last fiscal year.
#budget-deficit

Did Brockton's mayor know about the looming school budget crisis? School Committee to discuss him behind closed doors.

Mayor Robert Sullivan may have known about a significant $18 million budget deficit earlier than he claimed, raising questions about accountability.

Brockton Schools superintendent resigns following report revealing $18 million budget deficit

The Brockton school superintendent resigns after an $18 million budget deficit report highlights incompetence in financial practices.

Did Brockton's mayor know about the looming school budget crisis? School Committee to discuss him behind closed doors.

Mayor Robert Sullivan may have known about a significant $18 million budget deficit earlier than he claimed, raising questions about accountability.

Brockton Schools superintendent resigns following report revealing $18 million budget deficit

The Brockton school superintendent resigns after an $18 million budget deficit report highlights incompetence in financial practices.
morebudget-deficit

Martin Breheny: Cork's 1960s leaders have been badly let down by the new generation

The financial burden of debts overshadowing potential benefits from land development reflects a cautionary tale for county trusts in GAA projects.

S.F. controller takes de facto control of scandal-rocked Human Rights Commission

City Controller to oversee Human Rights Commission following allegations of financial misconduct.

Opinion: With EPA Sanitary District, follow the money

East Palo Alto can seize its mismanaged Sanitary District, raising questions about past financial management.

Treasury will define U.S. crypto policy - eventually

Treasury's lack of a clear vision on cryptocurrency regulation leads to confusion in the industry.

Government has brought adult social care in England to its knees', MPs say

Chronic underfunding affecting adult social care in England
Concerns about staffing shortages and inadequate government leadership

Officer of Detroit Nonprofit Accused of Stealing $40 Million

The Detroit Riverfront Conservancy CFO stole nearly $40 million, shedding light on the lack of financial oversight and risk of fraud in nonprofits.
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