News published on Federal Newswire in December 2017

News from December 2017


News Release: The Department of Justice announced today that TransDigm Group Incorporated will be required to divest two businesses it acquired from Takata Corporation. The divestitures will restore competition in markets for several types of restraint systems used on commercial airplanes. TransDigm acquired the businesses—SCHROTH ...


News Release: President Trump’s Executive Order on Enhancing Public Safety in the Interior of the United States requires the Department of Justice (DOJ) and the Department of Homeland Security (DHS) to collect relevant data and provide quarterly reports on data collection efforts. On Dec. 18, 2017, DOJ and DHS released ...


News Release: A former sales executive of Embraer S.A. (Embraer), a Brazilian-based manufacturer of aircraft, pleaded guilty today in connection with a scheme to pay bribes to a high-level foreign government official in exchange for assistance in securing Embraer’s sale of aircraft to Saudi Arabia’s national oil company.


News Release: The Department of Justice obtained more than $3.7 billion in settlements and judgments from civil cases involving fraud and false claims against the government in the fiscal year ending Sept. 30, 2017, Acting Assistant Attorney General Chad A. Readler of the Justice Department’s Civil Division announced today. Recoveries since 1986, when Congress substantially strengthened the civil False Claims Act, now total more than $56 billion.


News Release: Today, Attorney General Jeff Sessions announced that, pursuant to Executive Order 13777 and his November memorandum prohibiting certain guidance documents, he is rescinding 25 such documents that were unnecessary, inconsistent with existing law, or otherwise improper.


Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions

News Release: WASHINGTON--The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.


Federal Reserve payments study supplement points to accelerated credit card use

News Release: Kansas City, Missouri, Dec. 21, 2017 -- Growth in the number of credit card payments rose sharply from 2015 to 2016--eclipsing growth for other card types, according to new payments data collected by the Federal Reserve. A notable increase was also seen last year in the number of card payments made remotely versus in person.


Agencies announce Shared National Credit definition change; aggregate loan commitment threshold increased to adjust for inflation, and changes in average loan size

News Release: To adjust for inflation and changes in average loan size, the federal banking agencies on Thursday announced that, effective Jan. 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million. This change will reduce reporting burden for a substantial number of banking institutions, with no material impact on the size of the portfolio evaluated.


Federal Reserve Board announces termination of enforcement action First Baird Bancshares, Inc.

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: First Baird Bancshares, Inc., Weatherford, Texas, Cease and Desist Order dated June 22, 2006 Terminated Dec. 15, 2017 The enforcement action from June 2006 can be found here and other enforcement actions can be searched for here.


West Virginia Nursing Home Operator to Pay $123,680 in Back Wages, Damages After U.S. Department of Labor Investigation

News Release: CHARLESTON, WV – The U.S. Department of Labor and a West Virginia nursing home and rehabilitation company have reached an agreement to resolve alleged overtime violations of the federal Fair Labor Standards Act (FLSA).


Pennsylvania Manufacturer to Pay $377,144 to 47 Employees Following Investigation by U.S. Department of Labor

News Release: ATGLEN, PA – The U.S. Department of Labor and a Pennsylvania manufacturing company reached an agreement to resolve alleged overtime, recordkeeping, and child labor violations of the federal Fair Labor Standards Act (FLSA).


Vinyl Floor Manufacturer Faces $514,236 in Penalties for Safety Violations

News Release: FOSTORIA, OH – Nox US LLC, an Ohio manufacturer of luxury vinyl tile, faces $514,236 in proposed penalties after inspectors from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited the company for machine safety violations.


New Haven Building Trades and Dimeo Construction Partner with U.S. Department of Labor to Promote Employee and Workplace Safety

News Release: NEW HAVEN, CT – The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), Connecticut Department of Labor’s Occupational Safety and Health Division (CONN-OSHA), New Haven Building Trades, and Dimeo Construction Company, have established a strategic partnership to promote workplace safety and health, and educate employees on construction hazards during construction of a new science building in New Haven.


New Hampshire Man Pleads Guilty to Obstruction of Justice in Connection with U.S. Department of Labor Wage and Hour Investigation, and Lawsuit

News Release: CONCORD, NH – A New Hampshire man has pleaded guilty in federal court to one count of obstruction of justice in connection with a U.S. Department of Labor wage and hour investigation and litigation. It is believed to be the first federal criminal prosecution arising from a Department wage and hour investigation in New Hampshire.


The US Transportation Department published a one page notice on Dec. 21, according to the U.S. Government Publishing Office.


The US Transportation Department published a two page notice on Dec. 21, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on Dec. 21, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on Dec. 21, according to the U.S. Government Publishing Office.


The US Transportation Department published a two page notice on Dec. 21, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on Dec. 21, according to the U.S. Government Publishing Office.