Regulation – News

Banking Regulations Overhaul Could Free Up ‘Hundreds’ of Staff Hours, PNC Chief States

PNC Financial Services CEO Bill Demchak indicates pending regulatory changes could significantly reduce banks’ compliance burdens. According to recent reports, the reforms may eliminate “hundreds and hundreds” of full-time equivalent positions worth of administrative work while maintaining essential risk monitoring.

Regulatory Reforms Promise Significant Efficiency Gains for Banking Sector

Proposed banking regulatory reforms could save financial institutions “hundreds and hundreds” of full-time equivalent positions by streamlining compliance processes, according to PNC Financial Services Chairman and CEO Bill Demchak. Sources indicate the changes would dramatically reduce administrative burdens while maintaining essential risk monitoring protocols that protect consumers and the financial system.

by Erica LangOctober 18, 2025

Business Regulation

Auditor Accountability in Crisis: Deloitte’s Nuclear Settlement Signals New Era for Financial Oversight

The $34 Million Wake-Up Call for Audit Professionals Deloitte’s agreement to pay $34 million to investors burned by the collapse…

by Michael TurnerOctober 18, 2025

Assistive Technology Regulation

California’s New Law Solves Loud Commercial Problem in Streaming Services

Governor Gavin Newsom has signed legislation prohibiting streaming services from broadcasting commercials at higher volumes than accompanying content. The law, sparked by a baby’s disrupted sleep, takes effect in 2026 and represents a major victory for consumer audio comfort.

California has enacted groundbreaking legislation that directly addresses one of television and streaming viewers’ most persistent complaints: commercials that blast at significantly higher volumes than regular programming. Governor Gavin Newsom signed SB 576 into law this week, establishing clear audio standards for advertisements on video streaming platforms serving California residents.