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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
U.S. consumer watchdog eases oversight amid political pressure and job threats

The Consumer Financial Protection Bureau (CFPB) has significantly scaled back its regulatory scrutiny under the Trump administration, with more than half of its spring examinations receiving expedited reviews, a historically rare process reserved for minor violations posing little risk to consumers. Approximately 70 companies have been selected for examination this year, roughly half the usual number, as the administration seeks to reduce regulatory burdens, cut staffing, and shift oversight toward banks, mortgages, and protections for military service members. Current and former officials have warned that political pressure, threats of job losses, and directives discouraging aggressive supervision could allow serious compliance failures to go undetected, potentially exposing consumers to financial harm.

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Risk Channel
UK/Europe
Tough pilot checks still leave risks, airlines say

A meeting organised by the Airlines for Europe lobby group in Brussels has heard that the aviation industry must accept that there is “no absolute safety and security” to deter cockpit attacks such as the one that occurred during a recent FlyDubai flight, even with stringent vetting of pilots. Deutsche Lufthansa chief executive Carsten Spohr stressed the need to maintain a delicate balance between protecting passengers and ensuring employee privacy. “We have to face the fact that there is no absolute safety and security in this industry,” he said. “This is a very difficult area for regulators.” IAG chief executive Luis Gallego noted a decline over time in the number of dangerous situations involving pilots. “After [the FlyDubai] incident, in the same way we did in the past, we are going to work closely with the authorities to try to see if there is a way to continue to improve this,” he said.

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