News Release 2020-84 | June 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance. The Interagency Questions […]
Monthly Archives: June 2020
FTC Requires Casino Operators Eldorado Resorts, Inc. and Caesars Entertainment Corporation to Divest Assets in Two Local Markets as a Condition of Merger
The Federal Trade Commission will require casino operator Eldorado Resorts, Inc. to divest casino-related assets in the South Lake Tahoe area of Nevada, and the Bossier City-Shreveport area of Louisiana, to settle charges that Eldorado’s $17.3 billion agreement to acquire Caesars Entertainment Corporation likely would be anticompetitive in those markets. The Commission also will prevent competitive […]
Agencies Finalize Amendments to Swap Margin Rule
News Release 2020-83 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies have finalized changes to their swap margin rule to facilitate the implementation of prudent risk management strategies at banks […]
Financial Regulators Modify Volcker Rule
News Release 2020-82 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge […]
FTC Puts an End to Deceptive Advertising of Light Therapy Device
The marketers of a low-level light therapy device (LLLT) called Willow Curve will have to stop making alleged deceptive claims that the device treats chronic, severe pain and associated inflammation, under a settlement with the Federal Trade Commission. In a complaint filed in federal court, the FTC alleged that the marketers of Willow Curve have […]
Treasury Targets Major Iranian Metals Companies and Foreign Subsidiaries and Sales Agents
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four steel, aluminum, and iron companies operating within Iran’s metals sector, including one subsidiary of Mobarakeh Steel Company — Iran’s largest steel manufacturer. Treasury is also designating one Germany-based and three United Arab Emirates (UAE)-based sales agents […]
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
News Release 2020-81 | June 24, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability […]
FTC Requires Divestitures as Condition of Tri Star Energy, LLC’s Acquisition of Certain Assets of Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth
Tri Star Energy, LLC and Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth have agreed to divest, retail fuel assets to settle charges that Tri Star’s proposed acquisition of certain assets from Hollingsworth would violate federal antitrust law. Tri Star, a Nashville, Tennessee-based energy company, operates fuel outlets and convenience stores in […]
FTC and SBA Warn Six Companies to Stop Potentially Misleading Marketing Aimed at Small Businesses Seeking Coronavirus Relief Loans
The Federal Trade Commission and U.S. Small Business Administration (SBA) have sent warning letters to six companies that may be misleading small businesses seeking SBA loans as a result of the coronavirus 2019 pandemic. The letters highlight claims by the companies that could lead consumers to believe the companies are affiliated with the SBA, or […]
Treasury Sanctions Five Iranian Captains Who Delivered Gasoline to the Maduro Regime in Venezuela
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against the captains of the five ships that U.S.-sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and National Iranian Tanker Company (NITC) used to deliver Iranian gasoline to the illegitimate Maduro regime in Venezuela. These captains, who led five Iranian flagged tankers […]