News Release 2020-48 | April 3, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing […]
Monthly Archives: April 2020
FTC and FCC Send Joint Letters to VoIP Service Providers Warning against ‘Routing and Transmitting’ Illegal Coronavirus-related Robocalls
The Federal Trade Commission today sent joint letters with the Federal Communications Commission (FCC) to three companies providing Voice over Internet Protocol (VoIP) services,warning them that routing and transmitting illegal robocalls, including Coronavirus-related scam calls, is illegal and may lead to federal law enforcement against them. The agencies sent a separate letter to USTelecom – […]
FDIC Extends Comment Period Related to the Proposed Revisions to the Brokered Deposits Rules
FIL-34-2020 April 3, 2020 FDIC Extends Comment Period Related to the Proposed Revisions to the Brokered Deposits Rules Printable Format: FIL-34-2020 – PDF (PDF Help) Summary: The FDIC is extending the public comment period for its Notice of Proposed Rulemaking (NPR) for brokered deposits by 60 days to provide bankers and other interested parties additional […]
Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period
News Release 2020-47 | April 2, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal […]
Revised: New SBA and Treasury Programs Available for Small Business Relief
FIL-33-2020 April 2, 2020 Revised: New SBA and Treasury Programs Available for Small Business Relief Printable Format: FIL-33-2020 – PDF (PDF Help) Summary: The FDIC is advising financial institutions of multiple forms of relief available in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to small businesses through programs administered by the Small Business […]
New SBA and Treasury Programs Available for Small Business Relief
FIL-33-2020 April 2, 2020 New SBA and Treasury Programs Available for Small Business Relief Printable Format: FIL-33-2020 – PDF (PDF Help) Summary: The FDIC is advising financial institutions of multiple forms of relief available in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to small businesses through programs administered by the Small Business Administration […]
Treasury and IRS Release FAQs to Help Small and Midsize Businesses Navigate Paid Sick and Family Leave Tax Credits
WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service are offering small and mid-size employers more information on refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing their employees paid sick and family leave wages related to COVID-19. “The financial strain American businesses are experiencing is not their […]
Social Security Recipients Will Automatically Receive Economic Impact Payments
WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. “Social […]
FTC Sues to Unwind Altria’s $12.8 Billion Investment in Competitor JUUL
Today, the Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) alleging that Altria Group, Inc. and JUUL Labs, Inc. entered a series of agreements, including Altria’s acquisition of a 35% stake in JUUL, that eliminated competition in violation […]
Readout of Call of the Task Force on Nonbank Mortgage Liquidity
WASHINGTON – On March 30, U.S. Treasury Secretary Steven T. Mnuchin convened a call of the Task Force on Nonbank Mortgage Liquidity to discuss conditions and activities in the mortgage servicing markets. The group heard a presentation on market conditions and the actions taken recently by Ginnie Mae to support servicers that participate in their […]