WASHINGTON – As chair of the Committee on Foreign Investment in the United States (CFIUS), U.S. Treasury Secretary Steven T. Mnuchin today issued the following statement: “Today the President issued an order prohibiting the transaction that resulted in the acquisition of Musical.ly, now known as TikTok, by the Chinese company ByteDance. The order directs ByteDance […]
Monthly Archives: August 2020
IRS takes new steps to ensure people with children receive $500 Economic Impact Payments
IR-2020-180, August 14, 2020 WASHINGTON — The Internal Revenue Service continues to look for ways to help people who were unable to provide their information in time to receive Economic Impact Payments for their children. As part of that effort, the Internal Revenue Service announced today it will reopen the registration period for federal beneficiaries […]
FTC Sends Letters Warning 20 More Marketers to Stop Making Unsupported COVID-19 Treatment
The Federal Trade Commission announced it has sent letters warning 20 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can prevent or treat COVID-19, the disease caused by the novel coronavirus. This is the eighth set of warning letters the FTC has announced as part of its ongoing efforts to […]
FTC Staff Issue Perspective Paper on Video Game Loot Boxes Workshop
Staff of the Federal Trade Commission issued a paper detailing key takeaways from the agency’s August 2019 “Inside the Game” workshop, which examined consumer protection issues related to video game “loot boxes.” The staff perspective paper describes the workshop discussion of loot boxes, which are random rewards that players may buy within a video game […]
FTC Approves Final Order Imposing Conditions on Tri Star Energy, LLC’s Acquisition of Certain Assets of Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Tri Star Energy, LLC’s proposed acquisition of certain assets from Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth (collectively, “Hollingsworth”) would violate federal antitrust law. Tri Star, a Nashville, Tennessee-based energy company, operates fuel outlets […]
Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements
News Release 2020-105 | August 13, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—The federal banking agencies today issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that […]
BRP TO PRESENT ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2021
Valcourt, Quebec, August 13, 2020 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its second quarter FY2021 financial results conference call on Thursday, August 27, 2020. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the second quarter of FY2021 and address questions from analysts on a […]
OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 1 Via Remote Means
News Release 2020-104 | August 13, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 1, 2020, via remote means. The meeting is open to the public and will begin at […]
FTC Adds Charges Against Auto Marketer For Deceptive “Prize” Mailers
The Federal Trade Commission has issued an administrative complaint against a marketer, Traffic Jam Events, LLC, and its owner, David J. Jeansonne II, charging multiple counts of deceptive conduct. The administrative complaint mirrors a prior federal court complaint, which the Commission voluntarily dismissed to pursue a broader administrative proceeding. The administrative complaint alleges that the respondents […]
IRS reminds truckers of Aug. 31 highway use tax return deadline; e-file encouraged
IR-2020-179, August 13, 2020 WASHINGTON — The Internal Revenue Service today reminded owners of most heavy highway vehicles of their responsibility to timely file Form 2290, Heavy Highway Vehicle Use Tax Return. The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes large […]