The heads of the antitrust agencies of the United States, Canada, and Mexico met today in Ottawa to hold an annual meeting on antitrust enforcement and policy priorities. The meeting included Federal Trade Commission Chairman Joseph J. Simons, Assistant Attorney General Makan Delrahim of the U.S. Department of Justice Antitrust Division, Canadian Commissioner of Competition […]
Monthly Archives: October 2019
FTC to Hold Workshop Tomorrow on Consumer Participation in Class Action Cases
WHAT: The Federal Trade Commission will host a workshop to consider improving class action settlement notices for consumers. WHEN: Tuesday, Oct. 29, 9 a.m.-1 p.m EDT WHERE: Constitution Center400 Seventh St., SWWashington, DC 20024 WHO: Workshop panels include experts who will address the current challenges in reaching consumers, research on consumer class actions, and opportunities […]
OCC Appoints Receiver for Resolute Bank, Maumee, Ohio
News Release 2019-123 | October 25, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets. The OCC […]
Mnuchin and Vought Release Joint Statement on Budget Results for Fiscal Year 2019
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and Office of Management and Budget (OMB) Acting Director Russell Vought today released the final budget results for FY 2019. The deficit in FY 2019 was $984 billion, $205 billion more than in the prior fiscal year but $16 billion less than forecast in the FY 2020 […]
IRS, Treasury issue final regulations on new reporting requirements for life insurance contract transactions
IR-2019-177, October 25, 2019 WASHINGTON –The Internal Revenue Service today issued final regulations on the new information reporting requirements for certain life insurance contract transactions. The requirement was authorized under new section 6050Y, added to the Internal Revenue Code by the Tax Cuts and Jobs Act (TCJA), the tax reform legislation enacted in December 2017. […]
New FTC Blog Post Raises Warning About Medicare Scam Peddling “Free” Back Braces
In a new blog post, the Federal Trade Commission is warning consumers about a new scam targeting Medicare recipients with offers of “free” or “low cost” back and knee braces. The post outlines the details, revealing that scammers are using advertising, telemarketing, and direct mail to pitch consumers offers of back and knee braces that […]
FTC Publishes Amendments to Improve Usability of the Energy Labeling Rule
Today the Federal Trade Commission has completed amendments to the agency’s Energy Labeling Rule after a public comment period. The amendments organize the Rule’s product descriptions to make it easier for stakeholders to identify relevant covered products, particularly for categories (such as lighting) that contain several different product types and exemptions. The amendments also divide […]
Secretary Mnuchin Leads Trip to the Middle East and India
Treasury delegation to Israel, Saudi Arabia, UAE, India and Qatar will advance AML/CFT priorities, strengthen bilateral economic and trade relationships, and further cooperation in support of market-oriented, pro-growth economic policies. WASHINGTON – The U.S. Department of the Treasury today announced some of the key engagements that will occur during Secretary Steven T. Mnuchin’s upcoming trip […]
Treasury and State Announce New Humanitarian Mechanism to Increase Transparency of Permissible Trade Supporting the Iranian People
FinCEN identifies Iran as jurisdiction of primary money laundering concern WASHINGTON – Today, the U.S. Departments of the Treasury and State announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran. This mechanism will help the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with […]
U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network
News Release 2019-122 | October 24, 2019 Share This Page: Joint Release Commodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencySecurities and Exchange Commission The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining […]