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  • Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020 | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 25, 2020)

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020.

    The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

    FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/moneta...ccalendars.htm


    Minutes of the Federal Open Market Committee
    November 4-5, 2020: HT
    ...
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  • SEC Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC

    U.S. Securities and Exchange Commission Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC | site |


    (Information contained in U.S. Securities and Exchange Commission [SEC] press release: November 23, 2020) Washington D.C., Nov. 23, 2020 - - The Securities and Exchange Commission today issued a Policy Statement and Guidance focused on central counterparties (CCPs) authorized under the European Markets Infrastructure Regulation (EMIR) that may seek to access and operate in the U.S. securities markets. The Statement provides transparency into the Commission’s processes and highlights efficient ways that CCPs based in the European Union (EU) can register as a clearing agency or request exemptions from certain requirements under the Securities Exchange Act of 1934. The SEC has a longstanding and collaborative relationship with its European counterparts with respect to supervision and enforcement of regulate...
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  • U.S. Veterans Affairs Program helping more Veterans connect with Bank, Credit Union Account choices

    U.S. Veterans Affairs Program helping more Veterans connect with Bank, Credit Union Account choices | site |




    (Information contained in U.S. Department of Veterans Affairs press release: November 20, 2020)

    Washington - - The U.S. Department of Veterans Affairs (VA) announced today at least 25,000 more Veterans are now receiving monetary benefits through federally-insured banks and credit unions — mitigating their risk of fraud occurrence.

    Prior to the inception of the Veterans Benefits Banking Program (VBBP), established in December 2019, Veterans who did not have bank accounts were only able to receive monetary benefits through pre-paid debit cards or paper checks. “At any given time, there are approximately 250,000 Veterans who do not have bank accounts, and as a result of the Veterans Benefits Administration working diligently to contact Veterans directly by mail and telephone calls to explain the benefits of switchin
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  • Agencies provide Temporary Relief to Community Banking Organizations

    Agencies provide Temporary Relief to Community Banking Organizations

    Agencies provide Temporary Relief to Community Banking Organizations | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 20, 2020)


    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency
    The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response. Community banking organizations are subject to different rules and requirements based on their risk profile and asset size. Due to participating in federal coronavirus response programs—such as the Paycheck Protection Program—and other lending that supports the U.S. economy, many community banking organizations h
    ...
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  • IRS says Register by Nov. 21 to get an Economic Impact Payment - - same Deadline for Federal Beneficiaries to get missed 500 Dollars per Child Payments

    IRS says Register by Nov. 21 to get an Economic Impact Payment; same Deadline for Federal Beneficiaries to get missed $500 per Child Payments | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 19, 2020)

    WASHINGTON — The Internal Revenue Service today reminded people who don't normally file tax returns that they have until November 21 at 3 p.m. Eastern time to register for an Economic Impact Payment. They also may be eligible to get to a $1,200 payment for their spouse and $500 for each qualifying child.

    The extended November 21 deadline also gives more time to federal beneficiaries who already received an EIP but didn't register to receive supplemental $500 payments for qualifying children. Those eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits, Supplemental Security Income (SSI), Railroad
    ...
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  • Federal Reserve announces College Fed Challenge winners

    Federal Reserve announces College Fed Challenge winners

    Federal Reserve announces College Fed Challenge winners | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: November 20, 2020) Dartmouth College won the 17th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from Hanover, New Hampshire, represented the Boston Federal Reserve District and included Ayan Agarwal, Utsav Jalen, Kira Koehler, Tench Coxe, and Zach Olson. The team's advisers were Elisabeth Curtis and C. Frank Zarnowski. The College Fed Challenge was held virtually in 2020. Eighty five schools from across the nation submitted video presentations or participated in local virtual competitions starting on October 9, 2020. Eighteen semi-finalist teams participated in question-and-answer sessions held during the week of November 9, and six finalists were selected and their...
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  • FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers

    FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers| site |


    (Information contained in U.S. Department of the Treasury press release: November 19, 2020)

    WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to apply a risk-based approach to charities and other non-profit organizations (NPOs). The joint fact sheet highlights the importance of ensuring that legitimate charities have access to financial services and can transmit funds through legitimate and transparent channels, especially during the current COVID-19 pandemic. Also, the joint fact sheet reminds banks to apply a risk-based approach to customer due diligence (CDD) requirements when developing the risk profiles of charities and other non-profit customers. The fact sheet reaff
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  • Agencies release Fact Sheet to clarify Bank Secrecy Act Due Diligence Requirements

    Agencies release Fact Sheet to clarify Bank Secrecy Act Due Diligence Requirements

    Agencies release Fact Sheet to clarify Bank Secrecy Act Due Diligence Requirements for Banks and Credit Unions that offer Services to Charities and Non-profits | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: November 19, 2020)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    National Credit Union Administration
    Office of the Comptroller of the Currency
    Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit union compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organizations should be based on the money laundering risks posed by the customer relationship. The fact sheet highlights the importance of legitimate charities and nonprofit organizations having access to financial services and being able to transmit funds
    ...
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  • Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies

    Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies | site |



    (Information contained in press release issued by Board of Governors of the Federal Reserve System: November 19, 2020) The Federal Reserve Board on Thursday issued a final rule modifying the annual assessment fees for its supervision and regulation of large financial companies, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The final rule is nearly identical to the proposal issued in November 2019. The final rule raises the threshold at which fees are assessed for bank holding companies and savings and loan holding companies from $50 billion to $100 billion in total consolidated assets. Additionally, it adjusts the amount charged to certain bank holding companies and savings and loan holding companies following changes from the Board related to the EGRRCPA. The fi
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  • Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

    Agencies announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease transactions | site |


    (Information contained in Board of Governors of Federal Reserve System press release: November 18, 2020)


    Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

    Board of Governors of the Federal Reserve System

    Consumer Financial Protection Bureau


    Washington, D.C. — The Federal Reserve Board and Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2021. These thresholds are set pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amendments to the Truth in Lending Act and the Consumer Leasing Act that require adjusting the thresho...
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  • Treasury and IRS Issue Guidance Clarifying the Deductibility of Expenses Where a Business Received a PPP Loan

    Treasury and IRS Issue Guidance Clarifying the Deductibility of Expenses Where a Business Received a PPP Loan | site |


    (Information contained in U.S. Department of the Treasury press release: November 18, 2020) WASHINGTON – The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance today clarifying the tax treatment of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year the loan was received. Since businesses are not taxed on the proceeds of a forgiven PPP loan, the expenses are not deductible. This results in neither a tax benefit nor tax harm since the taxpayer has not paid anything out of pocket. If a business reasonably believes that a PPP loan will be forgiven in the future, expenses related to the loan are not deductible, whether the business has filed for forgiveness or not. Therefore, we encourage businesses to file for forgiveness as soon as possible. In the case where a PPP loan was expe...
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  • IRS says Nov. 21 deadline nears to Register online for Economic Impact Payment

    IRS says Nov. 21 deadline nears to Register online for Economic Impact Payment

    U.S. Internal Revenue Service says Nov. 21 deadline nears to Register online for Economic Impact Payment | site |


    IRS says some people can claim special credit next tax filing season


    (November 17, 2020) - - On November 17, 2020 the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service today reminded anyone who doesn't normally file a tax return that they have until 3 p.m. EST this Saturday, November 21, to register with the IRS for an Economic Impact Payment (EIP).

    The only way remaining to get a payment in 2020 is to register using the Non-Filers: Enter Info Here tool on IRS.gov before the Saturday deadline. The only people who should register are those who don't typically file a tax return, are not required to do so and have not yet registered, or for certain benefit recipients who got an EIP for themselves but need to provide information about a non-benef
    ...
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  • FTC Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates

    Federal Trade Commission Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates | site |


    (November (18, 2020) - - On November 18, 2020 the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.

    In a complaint filed in federal court, the FTC alleges that Beam Financial Inc. and its founder and CEO Yinan Du, also known as Aaron Du, promised users of their free mobile banking app that they could make transfers out of their accounts and would receive their requested funds within three to five business days. Instead, some users waited weeks or even months to receive their money despite repeated complaints to Beam, while others said they never received their money, according to the
    ...
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  • IRS says Get Ready for Taxes - - - Get ready now to File 2020 Federal Income Tax Returns

    U.S. Internal Revenue Service says Get Ready for Taxes: Get ready now to File 2020 Federal Income Tax Returns | site |


    (November 17, 2020) - - On November 17, 2020 the U.S. Internal Revenue Service (IRS) published the following information:

    Washington - - The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and accurately in 2021, including special steps related to Economic Impact Payments (EIP).

    This is the first in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to prepare for the 2021 tax return filing season ahead.

    Steps taxpayers can take now to make tax filing easier in 2021

    Taxpayers should gather Forms W-2, Wage and Tax Statement, Forms 1099-MISC, Miscellaneous Income, and other income documents
    ...
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  • Agencies announce Threshold for smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

    Agencies announce Threshold for smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans | site |



    (November 18, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information:

    Board of Governors of the Federal Reserve System

    Consumer Financial Protection Bureau

    Office of the Comptroller of the Currency
    WASHINGTON, D.C. — The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain at $27,200, as it was in 2020. The threshold amount will be effective January 1, 2021, and is based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as of June 1, 2020. The Dodd-Frank Wall Street Reform and Con
    ...
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  • U.S. Department of the Treasury publishes Treasury International Capital Data for September

    U.S. Department of the Treasury publishes Treasury International Capital Data for September | site |



    (November 17, 2020) - - Today the U.S. Department of the Treasury published the following information: Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2020. The next release, which will report on data for October 2020, is scheduled for December 15, 2020. The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $79.9 billion. Of this, net foreign private outflows were $40.3 billion, and net foreign official outflows were $39.6 billion. Foreign residents increased their holdings of long-term U.S. securities in September; net purchases were $78.2 billion. Net purchases by private foreign investors were $58.6 billion, while net purchases by foreign official institutions were $19.6 billion. U...
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  • SEC Awards Over 1.1 Million Dollars to Whistleblower for Independent Analysis

    SEC Awards Over 1.1 Million Dollars to Whistleblower for Independent Analysis

    U.S. Securities and Exchange Commission Awards Over $1.1 Million to Whistleblower for Independent Analysis | site |


    (November 13, 2020) - - Today the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., Nov. 13, 2020 — The Securities and Exchange Commission today announced an award of over $1.1 million to a whistleblower whose independent analysis led the staff to look at new conduct during an ongoing investigation. The whistleblower’s information and exemplary assistance helped the agency bring an emergency action preventing further investor harm. This whistleblower examined publicly available materials and conducted an analysis that revealed important new insights into the securities law violations, which helped the SEC protect investor assets from dissipation by the wrongdoer. “Today’s award reflects the Commission’s commitment to award whistleblowers who provide high-quality independent analysis,” said Jane ...
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  • U.S. Securities and Exchange Commission says Mike Willis Named Associate Director in Division of Economic and Risk Analysis

    U.S. Securities and Exchange Commission says Mike Willis Named Associate Director in Division of Economic and Risk Analysis | site |


    Washington D.C., Nov. 12, 2020 — The Securities and Exchange Commission today announced that it has named Mike Willis as an Associate Director in the Division of Economic and Risk Analysis (DERA). Mr. Willis will lead DERA’s newly created Office of Data Science and Innovation, which provides the Commission and its staff with expertise on data analytics, risk assessment, and structured disclosure. He will oversee the development of data analytics tools to enhance program data quality and information. Mr. Willis will coordinate with other offices and divisions to address structured machine-readable open data in rulemaking, analytics, dissemination and other areas. He will also oversee data ingestion and work with the SEC’s Chief Data Officer and others within the agency to develop a unified vision of data ingestion, analysis, visualization...
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  • SEC Publishes Notice of German Substituted Compliance Application and Proposed Order

    U.S. Securities and Exchange Commission Publishes Notice of German Substituted Compliance Application and Proposed Order| site |


    (November 9, 2020) - - On November 9, 2020 the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., Nov. 9, 2020 — The Securities and Exchange Commission today voted to publish a notice of a substituted compliance application by Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) as well as a proposed order that would conditionally provide substituted compliance for German firms that are registered with the Commission as security-based swap dealers and security-based swap participants. These are the latest of a series of actions that the Commission has taken to stand up Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including cross-border regulation. Substituted compliance is an alternative method by which the Commission can allow non-U.S. deal...
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  • Federal Reserve Board approves Fee Schedule for Federal Reserve Bank Priced Services

    Federal Reserve Board approves Fee Schedule for Federal Reserve Bank Priced Services | site |


    (November 10, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective January 4, 2021, for payment services the Federal Reserve Banks provide to depository institutions (priced services). The Reserve Banks project that they will recover 98.7 percent of their priced services costs in 2021. The Reserve Banks will maintain the current schedule of prices for payment services provided to depository institutions (priced services) in 2021, with the exception of a modification to the Check Services participation fee. While the Reserve Banks do not expect to recover fully actual and imputed expenses, including profit that would have been earned if a private-sector firm provided the services, in 2021, they do expect to recover fully expenses over the...
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  • Flight Attendant Union Statement on the Boeing 737 MAX Return to Service

    Flight Attendant Union Statement on the Boeing 737 MAX Return to Service

    Flight Attendant Union Statement on the Boeing 737 MAX Return to Service | site |



    (Information contained in Association of Flight Attendants CWA, AFL-CIO press release: November 18, 2020)

    Washington, DC (November 18, 2020) — Following the Boeing 737 MAX return to service order by the Federal Aviation Administration (FAA), AFA-CWA International President Sara Nelson released the following statement: “As aviation’s first responders and last line of defense, Flight Attendants understand that our jobs and our lives depend on this industry meeting the highest possible standards of safety and security. After nearly two years of reviews and the redesign of critical aircraft systems, U.S. regulators are clearing the 737 MAX to resume flying. "This day is the result of the persistence of engineers and manufacturing workers at Boeing. But this day is also a reminder of why this plane has not flown for two years and the responsibility we all h...
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  • Air Line Pilots Association comments on FAA’s Return-to-Service Protocol for Boeing 737 MAX

    Air Line Pilots Association comments on FAA’s Return-to-Service Protocol for Boeing 737 MAX

    Air Line Pilots Association comments on Federal Aviation Administration’s Return-to-Service Protocol for Boeing 737 MAX | site |


    (Information contained in Air Line Pilots Association press release: November 18, 2020) McLean, Va.—The Air Line Pilots Association, Int’l (ALPA) issued the following statement today after the Federal Aviation Administration (FAA) published the final Airworthiness Directive and Flight Standardization Board report for the Boeing 737 MAX, paving the way for the aircraft’s return to service after being grounded internationally since March 13, 2019: “Based on the Airworthiness Directive, ALPA believes that the engineering fixes to the flight-critical aircraft systems are sound and will be an effective component that leads to the safe return to service of the 737 MAX. “While ALPA continues to review the specific enhanced flight crew training details contained in the Flight Standardization Board report, the months-long process, in...
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  • Boeing Responds to ANAC Approval to Resume 737 MAX Operations in Brazil

    Boeing Responds to ANAC Approval to Resume 737 MAX Operations in Brazil

    Boeing Responds to Brazil’s Aviation Authority Approval to Resume 737 MAX Operations in Brazil | site |




    (Information contain in The Boeing Company press release: November 25, 2020)

    SAO PAULO, Nov. 25, 2020 – Brazil’s Aviation Authority, ANAC, joined the U.S. Federal Aviation Administration (FAA) today, by rescinding the order that halted commercial operations of Boeing 737-8s in Brazil. Commercial operations for the aircraft type can take place once airlines have met the requirements outlined by ANAC’s order. "Not a day goes by that we don't remember, reflect and rededicate ourselves to ensuring accidents like the ones that led to the decision to suspend operations never happen again," said David Calhoun, chief executive officer of The Boeing Company. "Boeing worked closely with the FAA and ANAC to meet their expectations to safely return the 737 MAX to commercial service in Brazil”. Throughout the past 20 months, Boeing
    ...
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  • U.S. Department of Labor announces WIOA Guidance on Priority of Service for Americans in Need

    U.S. Department of Labor announces WIOA Guidance on Priority of Service for Americans in Need

    U.S. Department of Labor announces WIOA Guidance on Priority of Service for Americans in Need
    | site |


    Washington, DC – The U.S. Department of Labor released a Training and Employment Guidance Letter today announcing its vision for a priority of service in the Workforce Innovation and Opportunity Act (WIOA) Adult program and explaining how the Department’s Employment and Training Administration (ETA) expects states to implement the priority requirement.

    As outlined in the guidance, the Department will work with states to strengthen state and local policies and procedures that enhance workforce development services to recipients of public assistance, low-income individuals, and individuals who are deficient in basic skills. This follows the Department’s announcement of a tri-agency initiative with the U.S. Department of Health and Human Services and the U.S. Department of Agriculture to work with states to better coordinate employment assistance programs
    ...
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  • U.S. Department of Energy Announces 35 Million Dollars in Funding for Hydrokinetic Turbine Development

    U.S. Department of Energy Announces 35 Million Dollars in Funding for Hydrokinetic Turbine Development

    U.S. Department of Energy Announces $35 Million in Funding for Hydrokinetic Turbine Development | site |



    (Information contained in U.S. Department of Energy [DOE] news release: November 24, 2020)


    Washington, D.C. – The U.S. Department of Energy today announced $35 million in funding for 11 projects as part of the Advanced Research Projects Agency-Energy’s (ARPA-E) Submarine Hydrokinetic And Riverine Kilo-megawatt Systems (SHARKS) program. SHARKS teams will develop new economically competitive Hydrokinetic Turbines (HKT) designs for tidal and riverine currents. “Hydrokinetic energy is an abundant renewable resource that can boost grid resiliency and reduce infrastructure vulnerability, but it is currently a cost prohibitive option compared to other energy generating sources,” said ARPA-E Director Lane Genatowski. “SHARKS teams will address this barrier by designing new, efficient HKT systems that utilize America’s tidal, riverine, a...
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  • Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2

    Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2

    Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2 | site |




    (Information contained in Federal Communications Commission [FCC] release: November 24, 2020)

    The FCC's Consumer and Governmental Affairs Bureau will host a webinar on Virtual Volunteerism: leveraging broadband to match individual volunteers with nonprofit organizations and provide services. The free webinar will begin Dec. 2 at 1 p.m. ET.


    Editor's note: The FCC Public Notice detailing the webinar may be viewed at https://docs.fcc.gov/public/attachme...C-368347A1.pdf or press HERE





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  • FDA Coronavirus COVID-19 Update - - - FDA Issues New Policy on Dry Heat for Reuse of Certain Respirators

    FDA Coronavirus COVID-19 Update - - - FDA Issues New Policy on Dry Heat for Reuse of Certain Respirators

    U.S. Food and Drug Administration Coronavirus (COVID-19) Update: FDA Issues New Policy on Dry Heat for Reuse of Certain Respirators | site |


    (Information contained in U.S. Food and Drug Administration press release: November 25, 2020)

    Today, the U.S. Food and Drug Administration (FDA) issued guidance on the use of dry heat to help support the single-user reuse of certain particulate filtering facepiece respirators (FFRs), such as N95 respirators, by health care personnel when there is a limited supply of respirators during the COVID-19 public health emergency. The immediately-in-effect guidance provides the FDA’s thinking and recommendations regarding the use of bioburden reduction systems that use dry heat to reduce the bioburden, or amount of microorganisms present, on certain respirators for reuse by a single user. Bioburden reduction systems are intended to achieve a certain level in microbial reduction on a device; these are not decontamina
    ...
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  • IRS says Special 300 Dollars Tax Deduction helps most People give to Charity this Year – Even if they Don’t Itemize

    U.S. Internal Revenue Service says Special $300 Tax Deduction helps most People give to Charity this Year – Even if they Don’t Itemize | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 25, 2020) WASHINGTON – The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year, cash donations of up to $300 made before December 31, 2020, are now deductible when people file their taxes in 2021. "Our nation's charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get," said IRS Commissioner Chuck Rettig. "The IRS reminds people there's a new provision that allows for up to $300 in cash donations to qualifying organizations to be deducted from income. We encourage people to expl...
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  • U.S. Department of Transportation publishes Air Travel Consumer Report - - - September 2020 and 3rd Quarter 2020 Numbers

    U.S. Department of Transportation publishes Air Travel Consumer Report: September 2020 and 3rd Quarter 2020 Numbers | site |


    (Information contained in U.S. Department of Transportation press release: November 25, 2020)

    WASHINGTON – The U.S. Department of Transportation today released its November 2020 Air Travel Consumer Report (ATCR) on reporting marketing and operating air carrier data compiled for the month of September 2020. The full consumer report and other aviation consumer matters of interest to the public can be found at http://www.transportation.gov/airconsumer . The Coronavirus Disease 2019 (COVID-19) public health emergency has resulted in significant changes to airline schedules and operations, contributing to airlines’ on-time performance and cancellation statistics in September 2020 and 3rd Quarter 2020. The 10 marketing network carriers reported 345,294 scheduled domestic flights in September 2020 compared to 398,470 flights in A
    ...
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  • U.S. Department of Veterans Affairs Recognized for Impact on Lives of Blue Water Navy Veterans

    U.S. Department of Veterans Affairs Recognized for Impact on Lives of Blue Water Navy Veterans

    U.S. Department of Veterans Affairs Recognized for Impact on Lives of Blue Water Navy Veterans | site |


    (Information contained in U.S. Department of Veterans Affairs press release: November 25, 2020)

    Washington - - The U.S. Department of Veterans Affairs (VA) announced today the Association of Marketing and Communication Professionals has awarded the Veterans Benefits Administration (VBA) Blue Water Navy (BWN) communications and outreach campaign with a 2020 MarCom Platinum Award.

    The campaign increased awareness about the BWN Vietnam Veterans Act of 2019 which extended the presumption of exposure to herbicides such as Agent Orange to Veterans who served in the offshore waters of the Republic of Vietnam during the Vietnam War. “VA supports BWN Veterans, their families and survivors around the country,” said VA Secretary Robert Wilke. “Ensuring Veterans and their families are aware of the benefits available to them is a priority
    ...
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  • NIH says Fourth Iteration of COVID-19 Treatment Trial underway

    NIH says Fourth Iteration of COVID-19 Treatment Trial underway

    National Institutes of Health says Fourth Iteration of COVID-19 Treatment Trial underway| site |


    (Information contained in National Institutes of Health [NIH] press release: November 25, 2020) The National Institute of Allergy and Infectious Diseases (NIAID), one of the National Institutes of Health, today announced that the fourth iteration of the Adaptive COVID-19 Treatment Trial (ACTT-4) has begun to enroll hospitalized adults with coronavirus disease 2019 (COVID-19) who require supplemental oxygen. The NIAID-sponsored trial will enroll up to 1,500 patients at approximately 100 sites in the United States and other countries. Participants will be assigned at random to one of two treatment arms of equal size. One group will receive both dexamethasone, a corticosteroid available as a generic drug, and remdesivir, a broad-spectrum antiviral discovered and developed by Gilead Sciences, Inc., of Foster City, California. Remdesivir, also known as Veklury, was r...
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  • NIH says Fourth Iteration of COVID-19 Treatment Trial underway

    NIH says Fourth Iteration of COVID-19 Treatment Trial underway

    National Institutes of Health says Fourth Iteration of COVID-19 Treatment Trial underway| site |


    (Information contained in National Institutes of Health [NIH] press release: November 25, 2020) The National Institute of Allergy and Infectious Diseases (NIAID), one of the National Institutes of Health, today announced that the fourth iteration of the Adaptive COVID-19 Treatment Trial (ACTT-4) has begun to enroll hospitalized adults with coronavirus disease 2019 (COVID-19) who require supplemental oxygen. The NIAID-sponsored trial will enroll up to 1,500 patients at approximately 100 sites in the United States and other countries. Participants will be assigned at random to one of two treatment arms of equal size. One group will receive both dexamethasone, a corticosteroid available as a generic drug, and remdesivir, a broad-spectrum antiviral discovered and developed by Gilead Sciences, Inc., of Foster City, California. Remdesivir, also known as Veklury, was r...
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  • Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020 | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 25, 2020)

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020.

    The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

    FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/moneta...ccalendars.htm


    Minutes of the Federal Open Market Committee
    November 4-5, 2020: HT
    ...
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  • Four Major Health Care Organizations release Updated Guidance on Maintaining Essential Surgery during the Ongoing Pandemic

    American Hospital Association says, As COVID-19 Cases surge again, four Major Health Care Organizations release Updated Guidance on Maintaining Essential Surgery during the Ongoing Pandemic | site |



    (Information contained in American Hospital Association press release: November 24, 2020)


    As COVID-19 cases surge again, four major health care organizations release updated guidance on maintaining essential surgery during the ongoing pandemic


    Joint roadmap addresses the dual need to meet health care demands for patients hospitalized with COVID-19, along with patients who need essential surgical services; calls for centralized coordinated governmental action to deploy necessary supplies


    CHICAGO (November 24, 2020): Hospitals in many regions across the United States are now reporting near or at bed and ICU capacity due to the resurgence of the Coronavirus Disease 2019 (COVID-19), which is presenting new...
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  • SEC Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC

    SEC Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC

    U.S. Securities and Exchange Commission Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC | site |


    (Information contained in U.S. Securities and Exchange Commission [SEC] press release: November 23, 2020) Washington D.C., Nov. 23, 2020 - - The Securities and Exchange Commission today issued a Policy Statement and Guidance focused on central counterparties (CCPs) authorized under the European Markets Infrastructure Regulation (EMIR) that may seek to access and operate in the U.S. securities markets. The Statement provides transparency into the Commission’s processes and highlights efficient ways that CCPs based in the European Union (EU) can register as a clearing agency or request exemptions from certain requirements under the Securities Exchange Act of 1934. The SEC has a longstanding and collaborative relationship with its European counterparts with respect to supervision and enforcement of regulate...
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  • U.S. Food and Drug Administration Coronavirus (COVID-19) Update: November 24, 2020

    U.S. Food and Drug Administration Coronavirus (COVID-19) Update: November 24, 2020

    U.S. Food and Drug Administration Coronavirus (COVID-19) Update: November 24, 2020 | site |




    (Information contained in U.S. Food and Drug Administration [FDA] press release: November 24, 2020)

    The U.S. Food and Drug Administration today announced the following actions taken in its ongoing response effort to the COVID-19 pandemic:
    • The FDA today published Face Masks, Including Surgical Masks, and Respirators for COVID-19, a comprehensive new page on FDA.gov with answers to frequently asked questions about face masks, surgical masks, and respirators. The topics covered in this new page include:
      • The basics on face masks, surgical masks, and respirators
      • Using face masks, surgical masks, and respirators
      • Shortages of face masks, surgical masks, and respirators during COVID-19
      • The Emergency Use Authorizations for face masks, surgical masks, and respirators
      • Manufacturing and importing face masks, surgical masks, and respirators during
    ...
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  • U.S. Reinforces Commitment to Secure, Stable, Democratic, and Self-Reliant Afghanistan at 2020 Conference

    U.S. Reinforces Commitment to Secure, Stable, Democratic, and Self-Reliant Afghanistan at 2020 Conference | site |



    (Information contained in U.S. Department of State Office of the Spokesperson press release fact sheet: November 24, 2020)


    The United States participated in the 2020 Afghanistan Conference on November 23-24, the sixth quadrennial gathering to coordinate international development support for Afghanistan. The conference was hosted virtually by the Government of the Islamic Republic of Afghanistan, the Government of Finland, and the United Nations Assistance Mission in Afghanistan. At the conference, the United States emphasized its commitment to a secure, stable, democratic, and self-reliant Afghanistan that is at peace with itself and its neighbors, and underscored the following:
    • The United States has announced the availability of up to approximately $600 million in civilian assistance for Afghanistan for calendar year
    ...
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  • IRS says Get Ready for Taxes - - - Steps to take Now to make Tax Filing easier in 2021

    IRS says Get Ready for Taxes - - - Steps to take Now to make Tax Filing easier in 2021

    U.S. Internal Revenue Service says Get Ready for Taxes: Steps to take Now to make Tax Filing easier in 2021 | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 24, 2020)

    Washington – The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021.

    This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to make tax filing easier in 2021. 2020 has been a busy year, with a lot of changes. To make sure taxpayers don't miss out on tax benefits or make mistakes, they can take a few simple steps now to make filing their taxes easier in 2021. An important first step to getting taxes ready is to gather all tax records. Having records organized makes preparing a tax return easier. It
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  • HUD launches Recovery Housing Program to aid Americans recovering from Substance Abuse

    HUD launches Recovery Housing Program to aid Americans recovering from Substance Abuse

    U.S. Department of Housing and Urban Development launches Recovery Housing Program to aid Americans recovering from Substance Abuse | site |


    The pilot program would provide housing and stability to those who are currently in recovery from substance abuse disorder


    (Information contained in U.S. Department of Housing and Urban Development press release: November 24, 2020)

    Washington - U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the publication of the Notice for HUD’s pilot Recovery Housing Program (RHP). The program was authorized by the SUPPORT Act to provide stable, temporary housing to individuals in recovery from a substance use disorder. RHP is funding 25 grantees, 24 states and the District of Columbia, whose age-adjusted rate of drug overdose deaths was above the national overdose mortality rate. “As a Nation, we need to remove the stigma associated with substance-use disorder, m
    ...
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  • Statement from HHS Chief of Staff Brian Harrison on Efforts to Increase Transparency at HHS

    Statement from HHS Chief of Staff Brian Harrison on Efforts to Increase Transparency at HHS

    Statement from U.S. Department of Health and Human Services Chief of Staff Brian Harrison on Efforts to Increase Transparency at HHS | site |


    (Information contained in U.S. Department of Health and Human Services press release: November 24, 2020)

    Today, the Department of Health and Human Services (HHS) through a Notice published in the Federal Register announced a policy to enhance transparency at HHS by requiring that all assumptions, working papers, models, and other information used as part of any impact analysis associated with a rule or demonstration project are shared at the time the results of that analysis are publicly disclosed. HHS Chief of Staff Brian Harrison issued the following statement:

    “We are providing needed transparency by requiring the Department to show its math so the American people can know and challenge the methods government uses to calculate effects of regulations it imposes on them.”

    Frequently
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