On March 9, 2020, the Federal Trade Commission and the Food and Drug Administration will co-sponsor a public workshop on promoting competition in biologics markets. The workshop will be held at the FDA’s White Oak Campus in Silver Spring, Maryland and will also be webcast. Workshop panelists will discuss the agencies’ efforts to support competition […]
Monthly Archives: March 2020
FTC Sending Refunds Totaling Over $2 Million to Consumers Harmed by Alleged Government Imposter Scheme
The Federal Trade Commission is mailing 4,976 refund checks and sending 44,136 PayPal payments totaling over $2 million to consumers allegedly defrauded by American Immigration Center. According to the FTC, starting in 2010, the company falsely implied that its websites were affiliated with the U.S. government to sell immigration form preparation services to consumers, many […]
Treasury and IRS Release Tax Year 2018 Statistics
Washington – Today, the U.S. Treasury Department and Internal Revenue Service (IRS) released tax year 2018 statistics to the public. These statistics are from individual income tax returns (Form 1040’s) filed through mid-November of 2019 and filings by charitable organizations through December of 2019. “President Trump’s pro-growth economic policies, including the Tax Cuts and Jobs […]
Treasury Convenes Cryptocurrency Working Session with Industry Leaders
WASHINGTON—Today, the U.S. Treasury Department convened a meeting of industry thought leaders and compliance experts to discuss supervisory and regulatory challenges facing digital assets, including cryptocurrency. “The U.S. welcomes responsible innovation, including new technologies that may improve the efficiency of the financial system,” said Secretary Steven T. Mnuchin. “We must ensure that we balance innovation […]
FTC to Host Workshop Examining Issues Related to Proposed Amendments to the Safeguards Rule
The Federal Trade Commission will hold a public workshop on May 13, 2020 seeking research, testimony, and other input on the proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act. The workshop will explore some of the issues raised in response to amendments the FTC has proposed making to the Safeguards Rule, which requires […]
FTC Sending Refunds Totaling Over $2 Million to Consumers Harmed by Alleged Government Imposter Scheme
The Federal Trade Commission is mailing 4,976 refund checks and sending 44,136 PayPal payments totaling over $2 million to consumers allegedly defrauded by American Immigration Center. According to the FTC, starting in 2010, the company falsely implied that its websites were affiliated with the U.S. government to sell immigration form preparation services to consumers, many […]
FTC Kicks Off National Consumer Protection Week 2020
The Federal Trade Commission and federal, state, and local agencies, consumer groups, and national advocacy organizations, will participate in the 22st annual National Consumer Protection Week (NCPW). This year’s NCPW on March 1-7 is an opportunity to remind people of their rights as consumers, help them make well-informed decisions about money, and provide tips to […]
Treasury Sanctions Individuals Laundering Cryptocurrency for Lazarus Group
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned two Chinese nationals involved in laundering stolen cryptocurrency from a 2018 cyber intrusion against a cryptocurrency exchange. This cyber intrusion is linked to Lazarus Group, a U.S.-designated North Korean state-sponsored malicious cyber group. Specifically, OFAC is designating 田寅寅, Tian […]