WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administrator Jovita Carranza issued the following statement today on the Paycheck Protection Program (PPP): “The Paycheck Protection Program is providing critical support to millions of small businesses and tens of millions of hardworking Americans. “We have noted the large number of companies that have […]
Monthly Archives: April 2020
“Thrive” Supplement Marketer Agrees to Preliminary Order Barring Him from Claiming It Can Treat, Prevent, or Reduce the Risks Associated with COVID-19
In response to a Federal Trade Commission complaint, a California-based marketer of a supplement consisting mainly of Vitamin C and herbal extracts has agreed to a preliminary order barring him from claiming that it is effective at treating, preventing, or reducing the risk of COVID-19. Pending the resolution of a parallel administrative case, the proposed preliminary […]
FTC Gives Final Approval to Modify FTC’s 2012 Privacy Order with Facebook with Provisions from 2019 Settlement
In response to the federal court’s recent action, the Federal Trade Commission has formally approved amendments to its 2012 privacy order with Facebook to include the provisions that were incorporated in the settlement the Commission announced with the social network platform in July 2019. The FTC in July 2019 announced a record-breaking $5 billion settlement […]
Treasury, IRS Announce Significant Enhancements and Updates to Get My Payment App
App updates will help more Americans receive their Economic Impact Payments faster WASHINGTON—The U.S. Department of the Treasury and IRS today announced significant enhancements to the “Get My Payment” app to deliver an improved experience for Americans eligible to receive Economic Impact Payments. “Treasury and the IRS have made substantial enhancements to the ‘Get My […]
Treasury Implementing CARES Act Programs for Aviation and National Security Industries
WASHINGTON – Today, the U.S. Department of the Treasury made a number of important announcements on payroll support and loan programs implemented under Title IV of the CARES Act. Since announcing the first Payroll Support Program payments to passenger air carriers on April 20, Treasury has disbursed an additional $9.5 billion in initial payments to […]
Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans
FIL-50-2020 April 25, 2020 Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans Printable Format: FIL-50-2020 – PDF (PDF Help) Summary: The Small Business Administration (SBA) together with the U.S. Department of Treasury announced on April 24, 2020 that the SBA will resume taking applications on the […]
Joint Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza on the Resumption of the Paycheck Protection Program
WASHINGTON — U.S. Treasury Secretary Steven T. Mnuchin and Administrator of the Small Business Administration (SBA) Jovita Carranza issued the following statement today on the resumption of the Payroll Protection Program (PPP): “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional […]
FTC Sends Warning Letters to Multi-Level Marketers Regarding Health and Earnings Claims They or Their Participants are Making Related to Coronavirus
The Federal Trade Commission today announced it has sent 10 letters warning multi-level marketing companies (MLMs) to remove and address claims that they or their participants are making about their products’ ability to treat or prevent coronavirus disease or about the earnings people who have recently lost income can make, or both. According to the […]
FTC Chairman’s Statement Regarding the Court’s Approval of the Facebook Settlement
Federal Trade Commission Chairman Joe Simons issued the following statement regarding the Federal Court’s approval of the Facebook settlement: “We are pleased with the Court’s decision. As the Court notes, the historic $5 billion settlement is ‘by far’ the largest monetary penalty ever obtained by the United States on behalf of the FTC and the […]
Statement by Secretary Steven T. Mnuchin on the Passage of the Paycheck Protection Program and Health Care Enhancement Act
WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following passage of the Paycheck Protection Program and Health Care Enhancement Act: “I am pleased that Congress has passed the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses affected by the coronavirus pandemic. […]