Safariland, LLC, which manufactures and sells equipment for the law-enforcement, military, and recreational markets, has agreed to settle Federal Trade Commission allegations that it entered several anticompetitive non-compete and customer non-solicitation agreements with body-worn camera system seller Axon. Safariland entered into these agreements when Axon acquired Safariland’s VieVu body-worn camera division. The FTC issued an […]
Monthly Archives: April 2020
Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
WASHINGTON – Today, the U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement regarding the success of the Paycheck Protection Program (PPP): “The Treasury Department and SBA launched the unprecedented Paycheck Protection Program in just one week. Following its launch, the SBA processed more than 14 […]
Blake Paulson Named OCC’s Next Chief National Bank Examiner
News Release 2020-57 | April 16, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting announced that Blake Paulson would become the agency’s Chief National Bank Examiner at the end of the month. Mr. Paulson will add the title to his current role as Senior Deputy Comptroller for Midsize and Community Bank Supervision. In […]
Release of FFIEC Federal Disclosure Computational Tools
FIL-45-2020 April 16, 2020 Release of FFIEC Federal Disclosure Computational Tools Printable Format: FIL-45-2020 – PDF (PDF Help) Summary: The Federal Financial Institutions Examination Council (FFIEC), on behalf of its member agencies, announced the availability of FFIEC Federal Disclosure Computational Tools, including the Annual Percentage Rate (APR) Computational Tool and the Annual Percentage Yield (APY) […]
Banker Webinar: Revised Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus
FIL-46-2020 April 16, 2020 Banker Webinar: Revised Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus Printable Format: FIL-46-2020 – PDF (PDF Help) Summary: The FDIC, Board of Governors of the Federal Reserve, Office of the Comptroller of the Currency, and National Credit Union Administration (the agencies) will host […]
U.S. Treasury Secretary Steven T. Mnuchin’s Joint IMFC and Development Committee Statement
WASHINGTON –The IMF and World Bank Spring Meetings provide an important opportunity to hold discussions on the acute challenges that the COVID-19 pandemic poses to the global economy. With global growth now projected to contract by close to three percent this year, it is critical that we all do our part to respond to the […]
FTC Halts Bogus Claims about “Miracle” Supplement for Older Adults
A Florida-based company that has promoted its Isoprex supplement to older adults as a miracle cure for pain and joint inflammation has agreed to a settlement with the Federal Trade Commission that bars the company from continuing to make its unproven claims. The proposed court order settling the FTC’s complaint would prohibit Renaissance Health Publishing, […]
Comptroller of the Currency Statement on FFIEC BSA/AML Manual
News Release 2020-55 | April 15, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the publication of the Federal Financial Institutions Examination Council (FFEIC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Today, the FFIEC agencies published updates to the BSA/AML Examination Manual that represent a significant step […]
BRP ANNOUNCES ADDITIONAL MEASURES TO MANAGE COVID-19 IMPACT
Valcourt, Quebec, April 15, 2020 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) has announced a series of additional measures in light of the COVID-19 pandemic. After slowing down and temporarily suspending manufacturing at all our powersports and marine operations sites around the world, we are taking additional actions, including cost-containment measures and changes in employee compensation to […]
Supplemental Security Income Recipients Will Receive Automatic COVID-19 Economic Impact Payments
SSI recipients with dependent children should still use the “Non-Filers Enter Info Here” portal on IRS.Gov to provide their information WASHINGTON—The Social Security Administration announced today that Supplemental Security Income (SSI) recipients will automatically receive their Economic Impact Payments directly to their bank accounts through direct deposit, Direct Express debit card, or by paper check, […]