Whistleblower News From The Inside -- April 25, 2018

By the C|C Whistleblower Lawyer Team

Commission issues recommendations on curbing fraud in college basketball – The Commission, formed amidst accusations of widespread fraud and corruption in college basketball and chaired by former U.S. Secretary of State Condoleeza Rice, issued its findings this morning. The Commission’s proposed reforms include banning coaches who cheat for life, repealing the “one-and-done” rule, and allowing players to return to school if they are not drafted by the NBA. In a 60-page report, the Commission called college basketball “a toxic mix of perverse incentives to cheat.” Sports Illustrated

Yahoo’s remnants will pay $35M to SEC over massive data breach – The SEC announced yesterday that Altaba, formerly known as Yahoo! Inc., agreed to a $35 million settlement to resolve charges it failed to disclose to investors its knowledge of a 2014 data breach that exposed personal data from over hundreds of millions of users. Fortune

Mulvaney, watchdog bureau’s leader, advises bankers on ways to curtail agency – Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, told banking and lending industry executives at an American Bankers Association conference that they should press lawmakers with campaign contributions, noting that his office in Congress only met with lobbyists who had contributed to his campaign. Mulvaney also announced a series of moves that would reduce the bureau’s power, including ending public access to a database of complaints about banks, mortgage lenders, and student-loan service providers. NYT