Opens in a new tab

Breaking news

OpenAI Agrees To DOJ Oversight In Green Card Hiring Settlement

OpenAI has agreed to three years of federal oversight of its hiring practices after reaching a settlement with the U.S. Department of Justice over allegations linked to employment-based green card applications.

The agreement also covers Statsig, an AI testing company that was previously owned by OpenAI. While neither company admitted wrongdoing, they agreed to pay a total of $3.2 million, including a $1.2 million civil penalty and $2 million earmarked for potential compensation of U.S. applicants found to have been affected.

Hiring Practices Under Scrutiny

The Justice Department alleged that the companies failed to properly recruit qualified U.S. workers before sponsoring foreign employees for permanent residency, as required under the Immigration and Nationality Act.

According to the DOJ, some positions were not advertised through standard public channels, job announcements aired on late-night radio, and applications were accepted only in paper form, practices the department said could discourage U.S. candidates from applying.

Although the case involved fewer than 10 positions, the settlement requires OpenAI and Statsig to implement new hiring policies, submit them for government approval and provide semiannual reports detailing PERM applications, interviews with U.S. candidates and other recruitment data.

Part Of A Broader Enforcement Effort

The Justice Department said the investigation began in 2025, before OpenAI acquired Statsig later that year. The inquiry covered five OpenAI cases between 2023 and 2025, along with one involving Statsig.

Officials described the settlement as part of a broader effort to enforce employment rules governing permanent residency sponsorships. Similar cases have previously been brought against major technology companies, including Apple and Facebook, under the same legislation.

Cyprus Loan Growth Accelerates To 14% In September

Lending in Cyprus accelerated in September, with the annual growth rate of total loans reaching 14%, up from 11.8% in August. Deposits also recorded a stronger monthly increase, according to the Central Bank of Cyprus (CBC).

Total deposits rose by a net €697.1 million to €60.2 billion at the end of September. Total loans increased by €857.8 million to €29.6 billion, according to the CBC’s October 2026 Monetary and Financial Statistics.

Deposit Growth Strengthens

Deposits recorded a monthly increase of €697.1 million, more than four times the €171.5 million rise in August. However, the annual growth rate remained unchanged at 6.5%.

Deposits held by Cyprus residents increased by €639.9 million. Household deposits rose by €93.8 million, while deposits held by non-financial corporations grew by €373 million. Other domestic sectors contributed a further €173.1 million.

Annual Loan Growth Reaches 14%

Total loans increased by a net €857.8 million in September, compared with €114.6 million in August. The annual growth rate accelerated to 14%, up from 11.8% a month earlier.

Lending to Cyprus residents rose by €470.8 million. Loans to households increased by €52.2 million, while lending to non-financial corporations grew by €110.1 million. Other domestic sectors recorded a larger increase of €308.5 million.

The figures cover deposits and loans held by monetary financial institutions in September 2026.

The Future Forbes Realty Global Properties
Aretilaw firm
Uol
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter