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Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by the Hawaii Wildfires
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Hawaii Department of Commerce and Consumer Affairs' Division of Financial Institutions, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, ...
Antitrust
University of Chicago agrees to $13.5 million settlement in antitrust lawsuit: 'The University of Chicago is committed to removing financial barriers for undergraduate students'
On Aug. 7, the University of Chicago agreed to a $13.5 million settlement in an antitrust lawsuit involving prestigious institutions. Allegations include a cartel-like agreement on financial aid principles and sensitive information exchange.
News
Minutes of the Federal Open Market Committee, July 25-26, 2023
News Release: The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on July 25-26, 2023.
Labor
Looman: 'Online Wage and Hour Division seminars will provide employers and others with information about compliance'
For September, the Department of Labor has planned to conduct online seminars about recent regulatory changes for federal contractors.
Environmental Protection
Cash: 'Grant will advance environmental justice in communities vulnerable to and overburdened by water quality impacts'
Rhode Island is set to receive $228,000 from the U.S. Environmental Protection Agency to aid in water quality monitoring at its beaches.
China
House Select Committee on the Chinese Communist Party seeks information on Chinese tracking American tech
House Select Members of the House Select Committee on the Chinese Communist Party (CCP) have reached out to Jessica Rosenworcel, Chairwoman of the Federal Communications Commission, seeking information concerning security issues related to Chinese cellular modules and their impact on American electronic devices.
Big Tech
Dine: 'The people most likely to benefit from Internet access are those least likely to have a broadband subscription'
The Affordable Connectivity Program (ACP), designed to provide broadband access to low-income consumers, faces depletion by 2024, potentially exacerbating the digital divide.
Antitrust
Antitrust attorney: 'Merger guidelines will increase deal timelines, the merging parties’ burden and overall uncertainty and potential antitrust risk as to the outcome'
New merger guidelines and HSR (Hart-Scott-Rodino) rules signal intensifying antitrust scrutiny in the healthcare sector, reflecting a significant shift that could complicate and prolong the merger review process, according to a recent article.
News
Federal Reserve System publishes 26 press releases in June
There were 26 press releases published by the Federal Reserve System in June.
Big Tech
McGuinness: 'Our mission is to empower the healthcare industry to achieve more'
Microsoft announced Epic clients, starting with Mount Sinai Health System in New York City, can utilize Microsoft Azure Large Instances to handle the scale required for Epic electronic health record (EHR) databases, enabling up to 50 million database accesses per second.
Commerce
Kelly: 'Specific and credible information plays an integral part in the SEC’s enforcement efforts'
Seven individuals who acted as whistleblowers have been granted more than $104 million by the U.S. Securities and Exchange Commission.
Justice
Hamdani: 'The victims in this case were devastated, financially and otherwise'
MD Azad has been sentenced to 188 months in federal prison for leading a fraud ring that targeted elderly victims across the United States and elsewhere.
Commerce
Combs: 'DEBT Box and its principals lied to investors about virtually every material aspect of their unregistered offering of securities'
In order to stop a fraudulent crypto asset scheme involving 18 defendants, the U.S. Securities and Exchange Commission successfully obtained emergency relief against a company based in Utah.
China
Gallagher, Krishnamoorthi write to FCC concerning potential PRC control of 'cellular connectivity modules'
A letter from Congressmen Mike Gallagher and Raja Krishnamoorthi to FCC Chairwoman Jessica Rosenworcel recently raised concern about a potential security threat from the People’s Republic of China (PRC), according to a press release. The letter explains the power of "cellular connectivity modules" and the PRC’s involvement in their industry today.
Healthcare
Becerra: 'Heat is no longer a silent killer'
The U.S. Department of Health and Human Services Office of Climate Change and Health Equity, in collaboration with the National Highway Traffic Safety Administration, introduced the EMS HeatTracker.
Homeland
Kennedy: 'Immigration is being administered by the cartels, not our government'
Presidential candidate Robert F. Kennedy Jr. recently traveled to the United States and Mexico border and said the current situation is unacceptable.
Sherman: 'Maintaining a highly skilled cyber workforce is vital to protecting our nation against global cyber threats'
The Department of Defense Chief Information Officer Hon. John Sherman unveiled the 2023-27 Cyber Workforce Strategy Implementation Plan, aiming to cultivate a skilled, adaptable cyber workforce to counter escalating digital threats effectively.
Justice
Grossman: 'The United States will aggressively investigate and prosecute' military members for espionage
A U.S. Navy sailor stationed at Naval Base San Diego has been arrested on espionage charges for conspiring to send sensitive national defense information to an intelligence officer working for China.
Antitrust
Walker: 'We appreciate the Court’s careful consideration and decision to dismiss claims regarding the design of Google Search'
In a significant antitrust ruling, Judge Amit P. Mehta granted partial motions for summary judgment in the case between Google and the U.S. Department of Justice, dismissing some claims while allowing the core allegation of monopoly maintenance to proceed.
Homeland
Mayorkas: 'DHS is fully committed to addressing the global issue of statelessness'
The U.S. Department of Homeland Security, specifically U.S. Citizenship and Immigration Services, issued new guidance to aid stateless noncitizens seeking immigration benefits or submitting requests to USCIS.
Easterly: 'Students across our country deserve to learn in an environment that is not only safe and secure physically, but also digitally'
In response to the growing role of technology in education, the U.S. Department of Education unveiled robust cybersecurity initiatives, including a Government Coordinating Council and a Back to School Safely Cybersecurity Summit.
Environmental Protection
EPA assistant administrator: 'The information released today is one way EPA helps inform Americans about toxic chemical releases in their communities'
Preliminary data for the 2022 Toxics Release Inventory reporting year has been made public by the U.S. Environmental Protection Agency (EPA), according to a press release. The data encompasses information regarding chemical waste management and pollution prevention efforts observed during 2022 in over 20,000 industrial and federal facilities across the nation.
NCSC vice president: 'We are pleased to expand our eviction diversion efforts to such a diverse group'
The National Center for State Courts has amplified its Eviction Diversion Initiative, injecting over $2 million into 10 new jurisdictions in a bid to curb the surging eviction crisis across the nation, according to a press release.
Big Tech
ITI issues new policy guide for AI foundation models technology, allows for investment 'in measured science'
The Information Technology Industry Council (ITI) recently released a new policy guide for AI. The several page guide specifically addresses foundation models, identifying its technological risks, and suggests potential solutions.
Healthcare
Becerra: 'The nation's uninsured rate reached an all-time low'
The U.S. Department of Health and Human Services recently released a report revealing the national uninsured rate in the U.S. reached an unprecedented low of 7.7% in early 2023.