Federal Trade Commission staff sent letters to 19 Voice over Internet Protocol (VoIP) service providers warning them that “assisting and facilitating” illegal telemarketing or robocalling is against the law. “VoIP service providers play a unique role in the robocall ecosystem, allowing fraudsters and abusive telemarketers to call consumers at a fraction of a penny per […]
Monthly Archives: January 2020
Tesla Releases Fourth Quarter and Full Year 2019 Financial Results
PALO ALTO, Calif., Jan. 29, 2020 (GLOBE NEWSWIRE) — Tesla has released its financial results for the fourth quarter and full year ended December 31, 2019 by posting an update on its Investor Relations website. Please visit http://ir.tesla.com to view the update. As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 3:30 p.m. […]
Comptroller of the Currency Discusses Efforts to Strengthen Community Reinvestment Act Regulations, Condition of the Federal Banking System
News Release 2020-9 | January 29, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today testified during a hearing held by the House Financial Services Committee. The Comptroller’s testimony discussed efforts to strengthen and modernize Community Reinvestment Act regulations, the condition of the federal banking system, the agency’s diversity and inclusion programs, and […]
Treasury Sanctions Illegitimate Russian-Backed Crimean Officials and Railroad Company Linking Crimea to Russia
OFAC takes action in partnership with Canada and the EU WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight individuals and one entity in response to Russia’s continued aggression toward Ukraine and attempted occupation of Crimea. Seven of these individuals were also designated yesterday by the European […]
FTC Finalizes Settlements with Four Companies Related to Privacy Shield Allegations
The Federal Trade Commission has finalized settlements with four companies over allegations they made false claims in connection with the EU-U.S. Privacy Shield framework, which enables companies to transfer consumer data legally from European Union countries to the United States. In separate actions, the Commission alleged that Click Labs, Inc. and Incentive Services, Inc. falsely claimed to […]
OCC Hosts Risk Governance and Compliance Workshops in Washington, D.C.
News Release 2020-8 | January 28, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops at OCC Headquarters in Washington, D.C., March 17 and 18, for directors of national community banks and federal savings associations supervised by the OCC. The Risk Governance workshop on March 17 […]
Secretary Mnuchin Statement on President Trump’s Vision for Peace
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the release of President Trump’s Vision for Peace: “The announcement of President Trump’s Vision for Peace is a historic step towards a more secure and prosperous future for both Israelis and Palestinians. This plan envisions an unprecedented mutual respect for sovereignty, […]
Advisory: Prudent Management of Agricultural Lending During Economic Cycles
FIL-5-2020 January 28, 2020 Advisory: Prudent Management of Agricultural Lending During Economic Cycles Printable Format: FIL-5-2020 – PDF (PDF Help) Summary: Between 2010 and 2015, the U.S. agricultural industry enjoyed generally robust economic conditions. More recently, the industry has been experiencing low commodity prices, trade and tariff uncertainties, impacts from adverse weather conditions, and global […]
IRS, partners nationwide mark Jan. 31 as “EITC Awareness Day”
Taxpayers may qualify for significant tax benefit IRS YouTube Videos IR-2020-22, January 28, 2020 WASHINGTON − The Internal Revenue Service and its partners nationwide remind taxpayers about the Earned Income Tax Credit on January 31, “EITC Awareness Day.” This is the 14th year of the EITC awareness campaign that alerts millions of workers to this […]
IRS outlines new tax law effect on tax exempt organizations
IR-2020-23, January 28, 2020 WASHINGTON – The Internal Revenue Service wants tax-exempt organizations to know about recent tax law changes that might affect them. The Taxpayer Certainty and Disaster Tax Relief Act, passed on December 20, 2019, includes several provisions that may apply to tax-exempt organizations’ current and previous tax years. Repeal of “parking lot […]