FIL-39-2019 July 12, 2019 Regulatory Capital Rules: Treatment of Land Development Loans for the Definition of High Volatility Commercial Real Estate (HVCRE) Exposure Printable Format: FIL-39-2019 – PDF (PDF Help) Summary: The federal banking agencies are issuing a notice of proposed rulemaking (proposal) to seek comment on the treatment of loans that solely finance the […]
Monthly Archives: July 2019
FTC Stops Student Loan Debt Relief Scheme, Charges Operators with Misleading Consumers
The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service and pay down their student loans. After the FTC filed a complaint seeking to end the deceptive practices, a federal court temporarily halted the scheme […]
Reckitt Benckiser Group plc to Pay $50 Million to Consumers, Settling FTC Charges that the Company Illegally Maintained a Monopoly over the Opioid Addiction Treatment Suboxone
Reckitt Benckiser Group plc has agreed to pay $50 million to settle Federal Trade Commission charges that it violated the antitrust laws through a deceptive scheme to thwart lower-priced generic competition to its branded drug Suboxone. Suboxone is a prescription oral medication used to minimize withdrawal symptoms in patients recovering from opioid addiction. “Buprenorphine products […]
FDIC Releases Initial Sections of its Applications Procedures Manual
FIL-38-2019 July 10, 2019 FDIC Releases Initial Sections of its Applications Procedures Manual Printable Format: FIL-38-2019 – PDF (PDF Help) Summary: The FDIC posted sections of its Applications Procedures Manual (manual) to its website to provide greater transparency regarding the FDIC’s internal processes. The manual provides direction for professional staff assigned to review and process […]
FDIC Releases Initial Sections of its Applications Procedures Manual
FIL-38-2019 July 10, 2019 FDIC Releases Initial Sections of its Applications Procedures Manual Printable Format: FIL-38-2019 – PDF (PDF Help) Summary: The FDIC posted sections of its Applications Procedures Manual (manual) to its website to provide greater transparency regarding the FDIC’s internal processes. The manual provides direction for professional staff assigned to review and process […]
TSX Delisting Review – Eagle Energy Inc. (EGL)
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After Healthcare System Sanford Health Abandons Acquisition of North Dakota Healthcare Provider Mid Dakota Clinic, FTC Dismisses Case from Administrative Trial Process
Following the decision last week of Sanford Health to abandon its proposed acquisition of Mid Dakota Clinic, the Federal Trade Commission has dismissed its case challenging the transaction through the Commission’s administrative trial process. FTC Chairman Joseph J. Simons issued the following statement: “These two physicians’ groups have competed vigorously in the Bismarck-Mandan region of […]
FTC Releases Final Agenda for Workshop that will Examine Restrictions on Third-Party Repairs of Consumer Products
The Federal Trade Commission released the final agenda for its July 16, 2019 workshop examining ways in which manufacturers may limit third-party repairs of various consumer products. Nixing the Fix: A Workshop on Repair Restrictions will examine how manufacturers may limit repairs by consumers and repair shops and whether those limitations affect consumer protection— including consumers’ […]
Jovannie Aquino
Litigation Release No. 24528 / July 8, 2019 Securities and Exchange Commission v. Jovannie Aquino, No. 1:18-cv-08191 (S.D.N.Y. filed September 7, 2018) in the Matter of Jovannie Aquino; Administrative Proceeding File No. 3-19199 On June 27, 2019, the U.S. District Court for the Southern District of New York entered a settled amended final judgment against […]
HKEX to Launch USD London Metal Mini Futures in August
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce the launch of US dollar-denominated London Metal Mini Futures for six base metals, starting 5 August 2019. The new monthly cash settled contracts will complement the existing London Metal Mini Futures that are denominated in the offshore RMB, or CNH. The contracts will be […]