Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign entities, and identified two vessels as blocked property for their activities in or associated with a network attempting to evade United States sanctions on Venezuela’s oil sector. As the illegitimate Maduro regime has done […]
Monthly Archives: June 2020
Readout from a Treasury Spokesperson of Secretary Mnuchin’s call with the Finance Ministers of the Five Eyes Nations
WASHINGTON – Secretary Mnuchin participated in a call with the Finance Ministers of the Five Eyes nations to discuss the economic impact of COVID-19. The Ministers shared updates on policy responses currently in place and discussed strategies to accelerate economic activity, in line with necessary health and safety measures as our economies reopen. They agreed […]
The FDIC Updates its Enforcement Actions Manual for Flood Insurance Civil Money Penalties
FIL-61-2020 June 18, 2020 The FDIC Updates its Enforcement Actions Manual for Flood Insurance Civil Money Penalties Printable Format: FIL-61-2020 – PDF (PDF Help) Summary: The FDIC has updated its Formal and Informal Enforcement Actions Manual (manual) regarding the assessment of mandatory civil money penalties (CMPs) for certain pattern and practice violations of the National […]
FTC Sends Letters Warning 30 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19
The Federal Trade Commission announced it has sent letters warning 30 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can treat or prevent COVID-19, the disease caused by the novel coronavirus. This is the seventh set of warning letters the FTC has announced as part of its ongoing efforts to […]
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
Washington—Today, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a […]
Treasury Sanctions Investors Supporting Assad Regime’s Corrupt Reconstruction Efforts
Designations target individuals and entities seeking to profit from the large-scale displacement of Syrian civilians Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 24 individuals and entities who are actively supporting the corrupt reconstruction efforts of Syrian President Bashar al-Assad. These designations include the Treasury Department’s first […]
Marketer Used Deceptive COVID-19 Stimulus Mailers To Lure Consumers to Used Car Sales, FTC Alleges
The Federal Trade Commission is taking legal action to halt a scheme that allegedly deceived consumers with mailers supposedly directing them how to obtain federal COVID-19 stimulus benefits, which instead lured them to a used car sale. The mailers sent by Traffic Jam Events, LLC and its owner, David J. Jeansonne II, were labeled “IMPORTANT COVID-19 […]
OCC Reports Mortgage Performance Remains Stable
News Release 2020-78 | June 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system remained stable during the first quarter of 2020. The OCC Mortgage Metrics Report, First Quarter 2020 showed 96.5 percent of mortgages included in the report were […]
BRP REVEALS WINNERS OF 4TH EDITION OF ITS INTERNATIONAL DESIGN COMPETITION
Valcourt, Quebec, June 16, 2020 – BRP (TSX:DOO; NASDAQ:DOOO) has wrapped up the 2019 edition of its International Design Competition. The final round usually takes place in Rovaniemi, Finland, and finalists are flown in to pitch in person to the jury and attend the award ceremony. However, in view of the pandemic, BRP has had to […]
United States Announces Nominee for Presidency of the Inter-American Development Bank Group
WASHINGTON – Today the U.S. Department of the Treasury announced that the United States intends to nominate Mauricio J. Claver-Carone for the presidency of the Inter-American Development Bank Group (IDB). “The IDB is at a critical juncture as the region faces growing challenges to economic growth and sustainable development, particularly in light of the global […]