Company discontinues the manufacturing of outboard engines and agrees with market leader Mercury Marine to support boat packages. Valcourt, Quebec, May 27, 2020 – BRP (TSX: DOO; NASDAQ: DOOO) announced today it has re-oriented its marine business by focusing on the growth of its boat brands with new technology and innovative marine products. We will […]
Monthly Archives: May 2020
OCC Issues Third and Fourth Quarter 2020 CRA Evaluation Schedule
News Release 2020-68 | May 27, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter and fourth quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
Auto Dealership Bronx Honda, General Manager to Pay $1.5 Million to Settle FTC Charges They Discriminated Against African-American, Hispanic Car Buyers
New York City car dealer Bronx Honda and its general manager, Carlo Fittanto, will pay $1.5 million to settle Federal Trade Commission charges they discriminated against African-American and Hispanic car buyers and engaged in numerous other illegal business practices. According to the FTC’s complaint, the defendants told sales people to charge higher financing markups and […]
FTC Finalizes Settlement in LendEDU Case Related to Deceptive Rankings and Fake Reviews
Following a public comment period, the Federal Trade Commission has finalized a settlement with Delaware comparison shopping website LendEDU over allegations that it promoted deceptive rankings of financial products for a fee and posted fake positive reviews of its website. According to the agency’s administrative complaint, LendEDU misled consumers to believe its website provided objective […]
FTC Sending Refund Checks Totaling More Than $470,000 to Consumers Defrauded by Misleading Health Claims for TrueAloe and AloeCran Supplements
The Federal Trade Commission is mailing 22,581 refund checks totaling more than $470,000 to consumers nationwide who bought two deceptively marketed health products—TrueAloe and AloeCran, from a company called NatureCity, LLC. According to the FTC’s October 2019 complaint, the Florida company deceived consumers with claims that TrueAloe and AloeCran were effective treatments for a range […]
FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization
The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 […]
Treasury Sanctions Senior Nicaraguan Government Officials, Increasing Pressure on President Ortega’s Regime
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two senior Nicaraguan government officials, Julio Cesar Aviles Castillo and Ivan Adolfo Acosta Montalvan for supporting the corrupt Ortega regime. Since April 2018, the Ortega regime has cracked down on political opposition, leading to more than 300 deaths, 2,000 […]
FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization
The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 defendants, through […]
Peloton Interactive, Inc. Announces Participation in the Cowen and Company 48th Annual Technology, Media & Telecom Conference
NEW YORK, May 21, 2020 (GLOBE NEWSWIRE) — Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the Company will be participating in the 48th Annual Cowen Virtual Technology, Media & Telecom Conference on Wednesday, May 27, 2020, at 2:45 PM ET. Attending for Peloton will be Jill Woodworth, Chief Financial Officer. The audio portion of […]
Comptroller of the Currency Joseph Otting to Step Down, Brian P. Brooks to Become Acting Comptroller of the Currency on May 29, 2020
News Release 2020-66 | May 21, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today announced he will step down from office on May 29, 2020, and pursuant to 12 USC 4 as designated by Secretary of the Treasury Steven T. Mnuchin, First Deputy and Chief Operating Officer Brian P. Brooks will become […]