FTC Approves Final Order Imposing Conditions on NEXUS Gas Transmission, LLC’s Acquisition of Generation Pipeline LLC

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that NEXUS Gas Transmission, LLC’s acquisition of Generation Pipeline LLC would likely harm competition to provide natural gas pipeline transportation in a three-county area. NEXUS is a joint venture between DTE Energy Company and Enbridge Inc. The complaint, which […]

Treasury Designates Prominent Lebanon and DRC-Based Hizballah Money Launderers

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two prominent Lebanon and the Democratic Republic of the Congo (DRC)-based money launderers and their affiliated companies, including those that have generated tens of millions of dollars for Hizballah, its financiers, and their malign activities.  These designations […]

Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations

FIL-81-2019 December 13, 2019 Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations Printable Format: FIL-81-2019 – PDF (PDF Help) Summary: The FDIC and the Office of the Comptroller of the Currency (OCC) are issuing a joint Notice of Proposed Rulemaking (NPR) to comprehensively amend the Community Reinvestment Act’s (CRA) implementing regulations. […]

IRS: Recent legislation requires tax exempt organizations to e-file forms

IR-2019-206, December 13, 2019 WASHINGTON – The Internal Revenue Service said today that the Taxpayer First Act, enacted July 1, requires tax exempt organizations to electronically file information returns and related forms. The new law affects tax exempt organizations in tax years beginning after July 1, 2019. The following IRS forms are included in the […]

FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

News Release 2019-147 | December 12, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationOffice of Comptroller of the Currency WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been […]

Comptroller Statement Regarding Joint Proposal to Modernize the Community Reinvestment Act Regulations

News Release 2019-146 | December 12, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today released the following statement regarding the publication of the joint notice of proposed rulemaking to modernize the Community Reinvestment Act (CRA) regulations. Since 1977 the Community Reinvestment Act has steered trillions of dollars into neighborhoods across our country helping […]

Treasury Sanctions Son of Nicaraguan President Ortega for Money Laundering and Supporting Corruption

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Rafael Antonio Ortega Murillo, son of Nicaraguan President Daniel Ortega, and two companies he owns or controls and uses to finance and launder money for the Ortega regime.  OFAC also designated Distribuidor Nicaraguense de Petroleo S.A. (DNP), a company […]

U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the OCC’s and FDIC’s proposals to modernize Community Reinvestment Act (CRA) regulations:

“Today’s announcement by the OCC and the FDIC is an important step in improving the CRA and enhancing the ability of banks to deliver services in low- and moderate-income communities consistent with safe and sound operations. Community needs and the banking landscape have changed dramatically since the CRA was passed more than forty years ago, […]

Apple launches “Ultimate Rivals” from Bit Fry Game Studios, an all-new sports game franchise available today exclusively on Apple Arcade

Bit Fry Game Studios, Inc., an independent multi-platform developer and publisher of sports video games, is composed of gaming, as well as entertainment and sports veterans, and is the first studio to combine licenses from all player unions as well as four leagues into a single gaming franchise. Bit Fry has secured groundbreaking licensing agreements […]

IRS selects new advisory council members for 2020

IR-2019-205, December 12, 2019 WASHINGTON — The Internal Revenue Service today announced the appointment of 12 new members to the Internal Revenue Service Advisory Council. The IRSAC, established in 1953, is an organized public forum for IRS officials and representatives of the public to discuss various issues in tax administration. The council provides the IRS […]