News Release 2020-76 | June 4, 2020 Share This Page: WASHINGTON–The Office of the Comptroller of the Currency (OCC) today released two issuances for public comment. The OCC published a Notice of Proposed Rulemaking (NPR) for public comment to update its rules for national bank and federal savings association activities and operations. The agency also released […]
Monthly Archives: June 2020
FTC Staff Provides 2019 Annual Financial Acts Enforcement Report to the CFPB
The staff of the Federal Trade Commission has provided its 2019 Annual Financial Acts Enforcement Report to the Consumer Financial Protection Bureau on its enforcement and related activities regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA). The report on TILA, CLA, and EFTA highlights, among other […]
Slack Announces Record First Quarter Fiscal Year 2021 Results
Total revenue of $201.7 million up 50% year-over-year Added a record 12,000 net new Paid Customers Added a record of over 90,000 net new organizations on either a free or paid subscription plan SAN FRANCISCO–(BUSINESS WIRE)– Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended April 30, 2020. Management Commentary: “Q1 […]
AWS and Slack Join Forces to Deliver the Future of the Enterprise Workplace
AWS and Slack collaborate to deliver tightly integrated, enterprise grade tools as Slack expands its use of AWS SEATTLE & SAN FRANCISCO –(BUSINESS WIRE)– Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), and Slack Technologies, Inc. (NYSE: WORK) announced a new multi-year agreement to deliver solutions for enhanced enterprise workforce collaboration. Slack […]
Developer of Apps Popular with Children Agrees to Settle FTC Allegations It Illegally Collected Kids’ Data without Parental Consent
A developer of apps that are popular with children has agreed to pay $150,000 and to delete personal information it illegally collected from children under 13 to settle Federal Trade Commission allegations. In a complaint filed by the Department of Justice on behalf of the FTC, the Commission alleges that HyperBeard, Inc. violated the Children’s Online […]
FTC Sends Letters Warning 35 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 35 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 sixth set of warning letters the FTC has announced as part of its ongoing efforts to […]
Treasury, IRS Announce Delivery of 159 Million Economic Impact Payments
WASHINGTON—The U.S. Department of the Treasury and IRS announced today that 159 million Economic Impact Payments, worth more than $267 billion, have been distributed to Americans in two months. Payments have been sent to all eligible Americans for whom the IRS has the necessary information to make a payment. These totals do not include the […]
Statement of the G7 Finance Ministers on Debt Transparency and Sustainability
WASHINGTON – We continue to work together to advance the international economic response to the COVID-19 pandemic, with a focus on the poorest and most vulnerable countries. COVID-19 has exacerbated existing debt vulnerabilities in many low-income countries, highlighting the importance of debt sustainability and transparency to long-term financing for development. We welcome efforts of the […]
Statement from Secretary Steven T. Mnuchin on Debt Transparency and Sustainability
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement following a call with his G7 counterparts, the European Commissioner for Economy, Eurogroup President, Managing Director of the International Monetary Fund, and President of the World Bank: “I welcome the continued strong support among the G7 for helping low-income countries address the impacts of COVID-19, […]
Summary of Deposits Survey and Filing for June 30, 2020
The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31, […]