Continuing its work to protect older Americans from fraud, the Federal Trade Commission sued a publisher called Agora Financial, LLC, alleging that it tricks seniors into buying books, newsletters, and other publications that falsely promise a cure for type 2 diabetes or promote a phony plan to help them cash in on a government-affiliated check […]
Monthly Archives: October 2019
FTC Sends Warning Letters to Sellers of Cosmetic Contacts: All Contact Lens Purchases Require a Prescription from a Medical Professional
As Halloween approaches and consumers consider temporarily changing their eye color or the look of their eyes to match their costumes, Federal Trade Commission staff has sent letters to seven domestic brick-and-mortar retailers warning them that it is illegal to sell contact lenses—even cosmetic contacts—to consumers without a prescription. In the letters, FTC staff warns […]
Agencies Propose Rule to Amend the Swap Margin Rule
News Release 2019-124 | October 28, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies […]
Assistant Secretary for Economic Policy Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association October 28, 2019
The U.S. economy continues to grow at a steady pace, propelling further job creation and wage gains. Inflationary pressures remain at bay, even with labor markets at or near full employment. The recovery’s record longevity – now 124 months and counting – reflects benefits from pro-growth measures like the Tax Cuts and Jobs Act of […]
TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES
Sources and Uses Table WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2019 and January – March 2020 quarters: During the October – December 2019 quarter, Treasury expects to borrow $352 billion in privately-held net marketable debt, assuming an end-of-December […]
Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Israel on October 28, 2019
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with National Security Advisor of the State of Israel Meir Ben-Shabbat Jerusalem – U.S. Treasury Secretary Steven T. Mnuchin participated in a working lunch with Israeli National Security Advisor Meir Ben-Shabbat. They discussed efforts to combat terrorist financing and national security issues of mutual concern. […]
Proposed Rule to Amend Swap Margin Requirements
FIL-65-2019 October 28, 2019 Proposed Rule to Amend Swap Margin Requirements Printable Format: FIL-65-2019 – PDF (PDF Help) Summary: The FDIC, along with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve, the Farm Credit Administration, and the Federal Housing Finance Agency (collectively, the Agencies), are jointly proposing […]
Apple celebrates “The Morning Show,” coming to Apple TV+ November 1
Apple TV+, the first all-original video subscription service and home for today’s most imaginative storytellers, will launch November 1 in over 100 countries and regions. The service will be available on the Apple TV app on iPhone, iPad, Apple TV, iPod touch, Mac, as well as select Samsung smart TVs, Roku and Amazon Fire TV […]
FTC Amicus Brief Explains that Relevant Antitrust Markets Should be Defined in Light of the Anticompetitive Effects Alleged
The Federal Trade Commission has submitted an amicus brief concerning market definition in Staley v Gilead Sciences Inc., an antitrust case pending before the U.S. District Court for the Northern District of California (Case No. 3:19-cv-02573-EMC). The plaintiffs allege that Gilead and three other manufacturers of branded HIV medications took various anticompetitive actions that resulted in […]
Apple reveals new AirPods Pro, available October 30
AirPods Pro join the existing AirPods line in delivering an unparalleled wireless audio experience. Each model uses advanced technology to reinvent how people listen to music, make phone calls, enjoy TV shows and movies, play games and interact with Siri. The magical setup experience customers love with today’s AirPods extends to AirPods Pro. By opening […]