The Federal Trade Commission announced that the fifth annual PrivacyCon event, scheduled for July 21, 2020, will now take place online due to the ongoing COVID-19 pandemic. PrivacyCon 2020 will bring together a diverse group of stakeholders, including researchers, academics, industry representatives, consumer advocates, and government officials, to discuss the latest research and trends related […]
Monthly Archives: June 2020
FTC Approves Final Order Settling Charges that VieVu’s Former Parent Company Safariland Entered into Anticompetitive Agreements with Body-Worn Camera Systems Seller Axon
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Safariland, LLC, which manufactures and sells equipment for the law-enforcement, military, and recreational markets, entered several anticompetitive agreements with body-worn camera system seller Axon. Safariland entered into these agreements when Axon acquired Safariland’s VieVu body-worn camera systems division, […]
Statement from Secretary Steven T. Mnuchin on Main Street Programs to Support Lending to Nonprofit Organizations
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the announcement that the Federal Reserve Board will seek public feedback on a proposal to expand the Main Street Lending Program to provide access to credit for nonprofit organizations: “Nonprofit organizations play a vital role in our economy and our society, […]
Treasury Sanctions Nigerian Cyber Actors for Targeting U.S. Businesses and Individuals
WASHINGTON – Today, in a coordinated action with the U.S. Department of Justice, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against six Nigerian nationals for conducting an elaborate scheme to steal over six million dollars from victims across the United States. The individuals designated today targeted U.S. businesses and […]
BRP WINS LAWSUIT AGAINST ARCTIC CAT IN CANADA
The Federal Court of Canada handed BRP an important victory against its competitor Arctic Cat regarding BRP’s frame patent, which was at the heart of the Ski-Doo REV revolution; The Federal Court of Canada issued a permanent injunction prohibiting the sale, use and distribution of all Arctic Cat snowmobiles in Canada that infringe BRP’s Canadian […]
Treasury International Capital Data for April
Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for April 2020. The next release, which will report on data for May 2020, is scheduled for July 16, 2020. The sum total in April of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]
Statement from Secretary Steven T. Mnuchin on the Main Street Lending Program
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the opening of lender registration for the Main Street Lending Program: “This morning the Federal Reserve Bank of Boston announced that the Main Street Lending Program Lender Portal is now open. The program, which will operate through three facilities – the Main Street […]
Statement by Secretary Steven T. Mnuchin on the Provision of Coronavirus Relief Fund Dollars to Native American Tribes
WASHINGTON – U.S. Secretary of the Treasury Steven T. Mnuchin today issued the following statement on the provision of Coronavirus Relief Fund dollars to Native American Tribes: “We are pleased to be making payments of the bulk of the balances remaining for tribal governments in the Coronavirus Relief Fund,” said Secretary Steven T. Mnuchin. “These […]
SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program
Washington—The U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have […]
FTC Makes More State-Level Data Available About COVID-19 Related Complaints from Consumers
The Federal Trade Commission is making more state-level information available to the public about the complaints it receives from consumers related to COVID-19, with reports about online shopping problems topping the list of complaints in most states. Under its expanded reporting, the FTC is now releasing the numbers of different types of fraud, Do Not […]