FIL-69-2019 November 6, 2019 Proposed Regulatory Reporting Revisions Printable Format: FIL-69-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have issued the attached Federal Register notice requesting comment on proposed capital-related reporting changes and other reporting revisions. These proposed changes and revisions apply to […]
Monthly Archives: November 2019
FTC Commissioners Unanimously Find that Consummated Merger of Microprocessor Prosthetic Knee Companies Was Anticompetitive; Assets Must Be Unwound
The Federal Trade Commission issued an Opinion and Final Order in which the Commission upholds the Administrative Law Judge’s decision that the consummated acquisition of Freedom Innovations by Otto Bock HealthCare North America, Inc.—both top sellers of prosthetic knees equipped with microprocessors or MPKs—resulted in anticompetitive harm in the microprocessor prosthetic knee market, likely leading […]
401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
IR-2019-179, November 6, 2019 WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other […]
IRS provides tax inflation adjustments for tax year 2020
IR-2019-180, November 6, 2019 WASHINGTON — The Internal Revenue Service today announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2019-44 (PDF) provides details about these annual adjustments. The tax law change covered in the revenue procedure was added […]
Statement of Chairman Jay Clayton on Proposals to Enhance the Accuracy, Transparency and Effectiveness of Our Proxy Voting System
Nov. 5, 2019 Good morning. This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act. Today we have two items on the agenda. These items are part of the Commission’s ongoing work to enhance the accuracy, transparency and effectiveness of our proxy voting system. They reflect […]
Peloton Interactive, Inc. Reports First Quarter Fiscal 2020 Financial Results
NEW YORK, Nov. 05, 2019 (GLOBE NEWSWIRE) — Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for first quarter 2020. Please visit the Peloton investor relations website https://investor.onepeloton.com/financial-information/quarterly-results to view the first quarter 2020 shareholder letter. Today the company will host a live audio webcast of its conference call to discuss the results […]
AT&T to Pay $60 Million to Resolve FTC Allegations It Misled Consumers with ‘Unlimited Data’ Promises
AT&T Mobility, LLC, will pay $60 million to settle litigation with the Federal Trade Commission over allegations that the wireless provider misled millions of its smartphone customers by charging them for “unlimited” data plans while reducing their data speeds. In a complaint filed in 2014, the FTC alleged that AT&T failed to adequately disclose to […]
FTC Releases Advertising Disclosures Guidance for Online Influencers
The Federal Trade Commission has released a new publication for online influencers that lays out the agency’s rules of the road for when and how influencers must disclose sponsorships to their followers. The new guide, “Disclosures 101 for Social Media Influencers,” provides influencers with tips from FTC staff about what triggers the need for a […]
FTC Acts to Shut Down Companies Operating Real Estate Seminar Scheme
The Federal Trade Commission and the Utah Division of Consumer Protection sued Nudge, LLC and affiliated companies, alleging that they make empty promises about earning money by “flipping” houses, to convince consumers to buy real estate training packages that cost thousands of dollars. In a filing today, the FTC and the Utah Division of Consumer […]
Treasury Takes Steps to Harmonize International Sanctions Efforts Against Venezuelan Officials
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified five current officials of the Government of Venezuela pursuant to Executive Order (E.O.) 13884, which blocks the property and interests in property of the Government of Venezuela and those who have acted or purported to have acted on its […]