WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement upon the conclusion of the African Development Bank Annual Meeting: “I commend the African Development Bank’s Board of Governors for reaffirming its commitment to the highest standards of governance and taking the opportunity at its Annual Meeting this week to dedicate resources to update its […]
Monthly Archives: August 2020
FTC Announces that its September Data Portability Workshop will be Held Online
The Federal Trade Commission announced that the September 22, 2020, workshop examining the potential benefits and challenges to consumers and competition raised by data portability will be held online. The online workshop will bring together consumer advocates, industry representatives, economists, regulators, and other stakeholders for a wide-ranging public discussion on data portability, which is the […]
IRS accepting applicants for the Compliance Assurance Process for 2021
IR-2020-193, Aug. 27, 2020 WASHINGTON — The Internal Revenue Service announced today the opening of the application period for the 2021 Compliance Assurance Process program. The application period runs Sept. 1 to Nov. 13, 2020. The IRS will inform applicants if they’re accepted into the program in February 2021. Launched in 2005, CAP employs real-time […]
Agencies Issue Three Final Rules
News Release 2020-111 | August 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today finalized three rules, which are either identical or substantially similar to interim final rules currently in effect that were issued earlier […]
Statement by Secretary Steven T. Mnuchin, Governor for the United States of America, on the Occasion of the 2020 Annual Meetings of the African Development Bank Group
WASHINGTON – On behalf of the United States, I would like to thank the Management of the African Development Bank Group for making it possible for the Board of Governors to meet virtually. This meeting takes place at a time when the economic impact of COVID-19 is likely to force much of Africa into recession […]
FTC Approves Final Order Imposing Conditions on Casino Operators Eldorado Resorts, Inc. and Caesars Entertainment Corporation
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Eldorado’s $17.3 billion agreement to acquire Caesars likely would violate federal antitrust law. According to the complaint, which was first announced in June, the proposed acquisition would likely harm competition for casino services in the South Lake Tahoe area […]
Most Telemarketer Fees to Access the FTC’s National Do Not Call Registry to Increase in FY 2021
The Federal Trade Commission has announced FY 2021 fees for telemarketers accessing phone numbers on the National Do Not Call (DNC) Registry. Most of the annual fees will increase slightly from FY 2020, and are set forth in a proposed Federal Register notice. All telemarketers calling consumers in the United States are required to download the […]
OCC Allows National Banks and Federal Savings Associations Along U.S. Gulf Coast to Close
News Release 2020-110 | August 25, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the U.S. Gulf Coast at their discretion. In issuing the proclamation, the OCC expects that only […]
IRS: 50,000 spouses to get catch-up Economic Impact Payments
IR-2020-192, August 25, 2020 WASHINGTON — The Internal Revenue Service will soon send catch-up Economic Impact Payment checks to about 50,000 individuals whose portion of the EIP was diverted to pay their spouse’s past-due child support. These catch-up payments are due to be issued in early-to-mid-September. They will be mailed as checks to any eligible […]
FTC Requires Divestitures as Condition of Arko Holdings Ltd.’s Acquisition of Empire Petroleum Partners, LLC
Arko Holdings Ltd. and Empire Petroleum Partners, LLC have agreed to divest retail fuel assets in local gasoline and diesel fuel markets across four states to settle Federal Trade Commission charges that Arko’s proposed acquisition of Empire would violate federal antitrust law. Headquartered in Israel, Arko operates in the United States through its Richmond, Virginia-based subsidiaries […]