News from July 2023
By Federal Newswire | Jul 25, 2023
News Release: The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse's unsafe and unsound counterparty credit risk management practices with its former counterparty, Archegos Capital Management LP.
By Federal Newswire Report | Jul 25, 2023
The Departments of Labor, Health and Human Services and the Treasury proposed rules to ensure equal access to mental health and substance use disorder care as medical treatments.
By Federal Newswire Report | Jul 25, 2023
The Center for Immigration Studies (CIS) announced recently that U.S. Border Patrol agents released migrants from the Terror Watchlist. In a tweet from July 5, the CIS referenced a Homeland Security report which attributed the cause of the release to the increased number of migrants crossing the southern border.
By Federal Newswire Report | Jul 25, 2023
Rep. Marjorie Taylor Greene (R-GA), a member of the House Committee on Homeland Security, said that hundreds of American lives are lost daily due to the ongoing fentanyl crisis. Greene tweeted her concerns on July 23 and laid the blame for the crisis on President Biden and Secretary Mayorkas.
By Federal Newswire Report | Jul 25, 2023
The ranking member of the House Select Committee on the CCP, Rep. Raja Krishnamoorthi (D-IL) said that the hacking program linked to the Chinese Communist Party (CCP) has affected many individuals, including government officials. Krishnamoorthi tweeted on July 20 that the US has to upgrade its security so this no longer happens.
By Federal Newswire Report | Jul 25, 2023
In October 2021, the U.S. Department of Labor and the San Diego Unified School District reached an improved compliance agreement to enhance the understanding and utilization of protected leave for addressing family and health concerns.
By Federal Newswire Report | Jul 25, 2023
Ukraine's Ministry of Digital Transformation has partnered with Binance, the largest cryptocurrency exchange in the world, to launch a project called IT Generation. Oleksandr Borniakov, Ukraine's Deputy Minister of Digital Transformation, said in a July blog post the project has helped to provide Ukrainians with professional skills and opportunities in the tech sector.
By Bob Pepalis | Jul 25, 2023
President Biden said the United States needs to be present when he proposed the Indo-Pacific Economic Framework (IPEF), Secretary of Commerce Gina Raimondo said during a fireside chat at the Woodrow Wilson Center on July 25. This framework gives the U.S. a strong, integrated economic strategy with those countries, she said.
By Federal Newswire Report | Jul 25, 2023
The Federal Trade Commission and the Department of Justice are now accepting public commentary after the most recent guideline draft update.
By Federal Newswire Report | Jul 25, 2023
The U.S. House Subcommittee on Federal Lands held a hearing regarding four bills aimed at expanding federal land access to U.S. military personnel, veterans and Gold Star Families.
By Federal Newswire Report | Jul 25, 2023
Former Treasury Secretary Lawrence Summers referred to the new refined mergers guidelines as “almost like a war on business.”
By Federal Newswire Report | Jul 25, 2023
The U.S. Trade and Development Agency (USTDA) and Ilitha Telecommunications Ltd. are partnering on a feasibility study regarding Wi-Fi connectivity in South Africa's townships.
By Federal Newswire Report | Jul 25, 2023
The Center for Strategic and International Studies (CSIS) recently announced the launch of a bipartisan commission aimed to tackle the growing hostage-taking crisis in the U.S.
By Federal Newswire Report | Jul 25, 2023
In her remarks at the Financial Literacy & Education Commission (FLEC) Public Meeting July 20, U.S. Treasurer Chief Lynn Malerba discussed the state of financial literacy in Indian Country.
By Federal Newswire Report | Jul 25, 2023
U.S. Rep. Carlos Giménez, R-Fla., recently utilized Twitter to address the critical issue of the artificial intelligence race and its implications for the United States' national security.
By Federal Newswire Report | Jul 25, 2023
Lohrasb "Jeff" Jafari, former executive vice president of Atlanta engineering firm PRAD Group Inc., has been sentenced to five years in prison for paying bribes to Atlanta city officials and a former DeKalb County official to obtain lucrative city contracts worth millions of dollars. The allegations and other evidence produced in court state that PRAD Group, an architectural, design, and construction management company with its headquarters in Atlanta, Georgia, provided services to the City of Atlanta and DeKalb County, Georgia, between 1984 and 2018. As PRAD Group's executive vice president, Jafari was in charge of managing the company's finances.
By Federal Newswire Report | Jul 24, 2023
The U.S. Department of Transportation's Federal Transit Administration will infuse $20 million into 47 communities to improve public transportation. The funds are reserved for economically distressed areas and prioritize equity and sustainability.
By Andy Nghiem | Jul 24, 2023
A decade ago, a Bloomberg report called Feng Bo, the grandson-in-law of former paramount leader Deng Xiaoping, "an early investor in China's Internet startups." Today, Feng Bo's investment firm is linked to OKX, one of the largest cryptocurrency exchanges in the world.
By Federal Newswire Report | Jul 24, 2023
The Federal Trade Commission filed a lawsuit against IQVIA Holdings Inc. in an effort to block its Propel Media Inc. acquisition.
By Federal Newswire Report | Jul 24, 2023
Ray Anthony Shoulders, a physician's assistant at a Fort Worth pain management clinic, has been charged with healthcare fraud for allegedly injecting amniotic fluid into patients' joints in a deceptive attempt at pain management. The liquid that surrounds a developing fetus during pregnancy was allegedly fraudulently claimed for payment by Medicare in excess of $614,000 by Mr. Shoulders and others, according to the indictment, for the off-label treatment of joint pain in patients by injecting amniotic fluid into their connective tissue.
