WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the announcement of the Re-Proposed Capital Rule for the Enterprises by the Federal Housing Finance Agency: “I commend Director Mark Calabria and the FHFA for their work on this issue. Establishing regulatory capital requirements for both GSEs represents an important step […]
Monthly Archives: May 2020
Interagency Guidance for Responsible Small-Dollar Loans
FIL-58-2020 May 20, 2020 Interagency Guidance for Responsible Small-Dollar Loans Printable Format: FIL-58-2020 – PDF (PDF Help) Summary: The FDIC, Board of Governors of the Federal Reserve System (FRB), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) (collectively, the “agencies”) recognize the role small-dollar loans can play in helping […]
FTC and FCC Send Joint Letters to Additional VoIP 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 coronavirus-related scam robocalls is itself illegal and may lead to federal law enforcement against them. The agencies allege that two of the providers are […]
FTC Expands Its Case Against Zurixx Real Estate Seminar Scheme
The Federal Trade Commission and the state of Utah have amended their complaint against the operators of the Zurixx real estate seminar scheme, adding new charges that the defendants violated the Telemarketing Sales Rule on top of previous charges that they violated the FTC Act and Utah law. Zurixx used celebrity endorsements and promises of […]
FTC Gives Final Approval to Settlement with Smart Lock Maker
The Federal Trade Commission has given final approval to a settlement with a Canadian company related to allegations it falsely claimed that its Internet-connected smart locks were designed to be “unbreakable” and that it took reasonable steps to secure the data it collected from users. Tapplock, Inc. sells fingerprint-enabled, Internet-connected padlocks that interact with a […]
Treasury Sanctions Iran’s Interior Minister and Senior Law Enforcement Officials in Connection with Serious Human Rights Abuses
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iran’s Interior Minister for his role in serious human rights abuses against Iranians, as well as seven senior officials of Iran’s Law Enforcement Forces (LEF) and a provincial commander of Iran’s Islamic Revolutionary Guard Corps (IRGC). Today’s […]
TSX Delisting Review – Reitmans (Canada) Limited (RET, RET.A)
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FTC Sending Refund Checks Totaling More Than $8.5 Million to Consumers Defrauded by Misleading Claims for Dietary Supplements
The Federal Trade Commission is mailing 143,636 refund checks totaling more than $8.5 million to consumers who bought three dietary supplements deceptively marketed by National Urological Group, Inc. (NUG) and several related companies. The mailing announced today is the largest distribution to consumers who bought the defendants’ deceptively marketed products. Previous distributions in this case […]
Treasury Designates China-based Mahan Air General Sales Agent
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating China-based Shanghai Saint Logistics Limited for acting as a general sales agent (GSA) for or on behalf of Iranian airline Mahan Air. This is the seventh designation of a GSA to Mahan Air since 2018. Mahan Air is […]
Swiss Digital Game Developer Settles FTC Allegations that it Falsely Claimed it was a Member of COPPA Safe Harbor Program
A digital game maker has settled Federal Trade Commission allegations that it misled consumers about its membership in a program aimed at ensuring companies adhere to requirements of the Children’s Online Privacy Protection Act (COPPA). In a complaint, the FTC alleges that Miniclip, S.A., a Swiss-based company that makes mobile and online digital games, falsely […]