Action follows the disqualification of several thousand candidates by Iran’s Guardian Council WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today took action against five members of Iran’s Guardian Council and its Elections Supervision Committee, which are appointed by Iran’s Supreme Leader or his appointees. The Guardian Council, which […]
Monthly Archives: February 2020
FTC Sending More Than $34 Million in Refunds to Office Depot Customers
The Federal Trade Commission is sending refund checks totaling more than $34 million to consumers who allegedly were tricked by Office Depot, Inc. and a software provider into buying computer repair products and services. Office Depot paid $25 million while its software supplier, Support.com, Inc., paid $10 million as part of 2019 settlements with the […]
FDIC and OCC Announce 30-day Extension of Comment Period for Proposed Changes to Community Reinvestment Act Rules
News Release 2020-19 | February 19, 2020 Share This Page: Joint Release Federal Deposit Insurance CorporationOffice of Comptroller of the Currency WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) today extended the public comment period for proposed changes to the rules implementing the Community Reinvestment Act (CRA) until April […]
OCC Hosts Miami Workshop for Board Directors and Bank Management
News Release 2020-18 | February 19, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a workshop in Miami at the Even Hotel – Miami Airport, March 31 – April 1, for directors, senior management team members, and other key executives of national community banks and federal savings associations supervised […]
FDIC Seeks Information on How to Modernize Signage and Advertising Requirements for Banks
FIL-12-2020 February 19, 2020 FDIC Seeks Information on How to Modernize Signage and Advertising Requirements for Banks Printable Format: FIL-12-2020 – PDF (PDF Help) Summary: The FDIC is seeking input from a broad range of stakeholders regarding potential modernization of the official sign and advertising rules (12 C.F.R. Part 328) to reflect that deposit-taking via […]
J5 tax chiefs closing the net on global tax evasion
IR-2020-33, February 19, 2020 WASHINGTON — Leaders from five international tax organizations came together in Sydney, Australia, this week to review the J5’s progress in their fight against transnational tax crime and set priorities for the year ahead. The Joint Chiefs of Global Tax Enforcement (J5) was formed in 2018 after a call to arms […]
IRS increases visits to high-income taxpayers who haven’t filed tax returns
IR-2020-34, February 19, 2020 WASHINGTON — As part of a larger effort to ensure compliance and fairness, the Internal Revenue Service today announced that it will step up efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns. Following the recent and ongoing hiring […]
IRS provides answers and a safe harbor on carbon capture credits
IR-2020-35, February 19, 2020 WASHINGTON — The Internal Revenue Service today issued guidance to help businesses understand how legislation passed in 2018 may benefit those claiming carbon capture credits. Today’s guidance addresses the definition of “beginning of construction” and provides a safe harbor for partnership allocations of the credit. After the enactment of the Bipartisan […]
IRS seeks volunteers to be the voice of the Taxpayer on the Taxpayer Advocacy Panel
IR-2020-36, February 19, 2020 WASHINGTON — The Internal Revenue Service today announced it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP). The TAP is a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns, and makes recommendations for improving IRS service and customer satisfaction. Taxpayers interested in serving on […]
Joint Statement on the U.S. – EU Financial Regulatory Forum
Washington, DC — U.S. and EU participants in the U.S. – EU Financial Regulatory Forum met on February 11-12, 2020 in Washington to exchange views on financial regulatory developments as part of their ongoing regulatory dialogue. EU participants included representatives of the European Commission, European Banking Authority (EBA), European Securities and Markets Authority (ESMA), European […]