WASHINGTON – Today, U.S. Treasury Secretary T. Mnuchin spoke with Prime Minister of Sudan Abdalla Hamdok. The Secretary and Prime Minister discussed the impact of the coronavirus on the people of Sudan and the strain placed on their health system. They discussed the importance of international cooperation. The Secretary and the Prime Minister also reaffirmed […]
Monthly Archives: March 2020
Statement Encouraging Responsible Small-Dollar Lending to Consumers and Small Businesses in Response to COVID-19
FIL-26-2020 March 26, 2020 Statement Encouraging Responsible Small-Dollar Lending to Consumers and Small Businesses in Response to COVID-19 Printable Format: FIL-26-2020 – PDF (PDF Help) Summary: The FDIC, Consumer Financial Protection Bureau, the Federal Reserve Board, the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) (collectively, “the agencies”) […]
Temporary Alternative Procedures for Sending Supervision-Related Mail and Email to the FDIC
FIL-27-2020 March 26, 2020 Temporary Alternative Procedures for Sending Supervision-Related Mail and Email to the FDIC Printable Format: FIL-27-2020 – PDF (PDF Help) Summary: During this period of national emergency, the FDIC is encouraging financial institutions and other parties to use alternative procedures to send the agency official mail related to supervisory matters and to […]
The FDIC Announces a 30-Day Grace Period for the Call Report for the First Quarter of 2020
FIL-28-2020 March 26, 2020 The FDIC Announces a 30-Day Grace Period for the Call Report for the First Quarter of 2020 Printable Format: FIL-28-2020 – PDF (PDF Help) Summary: On March 25, 2020, the FDIC, along with the other federal banking agencies that are members of the Federal Financial Institutions Examination Council (FFIEC), issued a […]
FTC Chairman Joe Simons Outlines the Agency’s Approach to Safeguarding Consumers during the Coronavirus Pandemic
Federal Trade Commission Chairman Joe Simons issued a statement on the agency’s continuing efforts to protect consumers during the coronavirus pandemic. The FTC’s staff is working hard with other enforcement authorities and stakeholders to stop scammers and other unfair and deceptive business practices during the pandemic, Chairman Simons stated. “We will not tolerate businesses seeking […]
Treasury Designates Vast Network of IRGC-QF Officials and Front Companies in Iraq, Iran
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated 20 Iran- and Iraq-based front companies, senior officials, and business associates that provide support to or act for or on behalf of the Islamic Revolutionary Guards Corps-Qods Force (IRGC-QF) in addition to transferring lethal aid to Iranian-backed terrorist militias […]
Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts
FIL-25-2020 March 26, 2020 Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts Printable Format: FIL-25-2020 – PDF (PDF Help) Summary: The Cybersecurity and Infrastructure Security Agency (CISA) issued guidance identifying financial services sector workers as essential critical infrastructure workers during the COVID-19 response emergency. The guidance is intended to support state, local, […]
FTC Returns More than $3.1 Million to Victims of Student Loan Debt Relief and Credit Repair Scheme
The Federal Trade Commission is mailing checks totaling more than $3.1 million to consumers who were victims of a student loan debt relief and credit repair scheme. Strategic Student Solutions (also doing business under other names) and its owner, Dave Green, settled FTC allegations that they charged consumers illegal upfront fees and falsely promised […]
Slack CEO Stewart Butterfield Shares Updated Business Metrics During Tweetstorm on Impact of COVID-19
SAN FRANCISCO–(BUSINESS WIRE)– Slack Technologies, Inc. (NYSE: WORK) today announced that CEO and co-founder Stewart Butterfield posted a series of messages to his personal Twitter account related to developments inside and outside of the company over the past three weeks. In those tweets, Butterfield provided several updated metrics related to usage of Slack and the […]
Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus
FIL-24-2020 March 25, 2020 Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus Printable Format: FIL-24-2020 – PDF (PDF Help) Summary: The FDIC, the Board of Governors of the Federal Reserve, the Office of the Comptroller of the Currency, the National Credit Union Administration, and […]