News Release 2020-71 | May 29, 2020 Share This Page: WASHINGTON, D.C.—The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer. Loan transfers help […]
Monthly Archives: May 2020
Acting Comptroller of the Currency Statement Regarding the ‘Madden’ Rule
News Release 2020-72 | May 29, 2020 Share This Page: WASHINGTON, D.C.—Acting Comptroller of the Currency Brian P. Brooks today released the following statement regarding the Office of the Comptroller of the Currency’s (OCC) final rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before […]
OCC Hosts Minority Depository Institutions Advisory Committee Meeting June 17 Via Remote Means
News Release 2020-70 | May 29, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Wednesday, June 17, 2020, via remote means. The meeting is open to the public and will begin at 10 a.m., […]
Brian P. Brooks Statement on Becoming Acting Comptroller
WASHINGTON — Brian P. Brooks today released the following statement on becoming Acting Comptroller of the Currency. I am deeply honored to serve my country as Acting Comptroller of the Currency and lead this important and prestigious agency during this challenging time. Over the past several months, the federal banking system has been integral to […]
FTC Approves Final Order Settling Charges that Danaher Corporation’s Acquisition of GE Biopharma Was Anticompetitive
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporation’s acquisition of GE Biopharma would likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs. Danaher is divesting to Sartorius AG all rights and assets to research, develop, manufacture, market, and sell […]
BRP ANNOUNCES ELECTION OF DIRECTORS AND BOARD COMMITTEE CHANGES
VALCOURT, Quebec, May 28, 2020 (GLOBE NEWSWIRE) — BRP Inc. (TSX: DOO; NASDAQ: DOOO) held earlier today its annual meeting of shareholders in Valcourt, Quebec. The meeting was broadcasted via live webcast and conference call. The webcast is now available on BRP’s website at www.brp.com. During the meeting, the Company acknowledged the departure from the […]
BRP REPORTS FISCAL YEAR 2021 FIRST QUARTER RESULTS
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Treasury Provides Guidance on Carbon Capture Tax Credits for Businesses
WASHINGTON—The U.S. Department of the Treasury today provided guidance for businesses to take advantage of tax credits for storing qualified carbon oxide and tertiary oil recovery. The two new credits for carbon oxide captured offer up to $50 per metric ton of qualified carbon oxide for permanent sequestration and $35 for Enhanced Oil Recovery purposes. […]
FTC Approves Final Order Imposing Conditions on Össur Hf’s Acquisition of College Park Industries, Inc.
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Össur Hf’s proposed acquisition of College Park Industries, Inc. would violate federal antitrust law. According to the complaint, which was first announced in April 2020, the transaction would likely harm U.S. customers of myoelectric elbows. College Park is […]
Small Business Administration and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program
Washington—Today the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial […]