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  • Staff Reporter 1
    FTC Issues Annual Report to Congress on Protecting Older Adults
    by Staff Reporter 1
    Federal Trade Commission Issues Annual Report to Congress on Protecting Older Adults| site |



    (October 19, 2020) - - Today, October 19, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission’s annual report to Congress on protecting older adults, issued today, provides a detailed look at the scams that most often affect adults over 60, as well as the FTC’s research, law enforcement, and education efforts aimed at protecting older consumers—a top priority for the agency.

    As part of the FTC’s efforts to understand how fraud is affecting older adults, the report, Protecting Older Consumers 2019-2020: A Report of the Federal Trade Commission, includes analysis of FTC consumer complaint data. In 2019, as in prior years, older adults (aged 60 and older) were less likely than younger adults (aged 20 to 59) to report losing money to fraud, but reported much higher individual dollar losses. In
    ...
    10-22-2020, 05:58 PM
  • Staff Reporter 1
    NTSB says Loss of Tow-Line Shackle Pin, Deteriorated Watertight Fittings Led to Sinking of Towing Vessel
    by Staff Reporter 1
    National Transportation Safety Board says Loss of Tow-Line Shackle Pin, Deteriorated Watertight Fittings Led to Sinking of Towing Vessel | site |



    (October 8, 2020) - - Today, October 8, 2020, the National Transportation Safety Board (NTSB) published the following information:

    ​WASHINGTON (Oct. 8, 2020) — The National Transportation Safety Board issued Marine Accident Brief 20-33 Thursday, detailing its investigation of the sinking of the towing vessel Mangilao, Aug. 5, 2019, in the Pacific Ocean about 800 miles northwest of Guam. No pollution nor injuries were reported in connection with the sinking of the Mangilao. The Mangilao’s value was estimated at $437,227. The vessel was not recovered. The US-flagged Mangilao, a 114-foot-long tugboat, was being towed to a drydock in Subic Bay, Philippines, by the US-flagged Chamorro, a 97-foot-long tugboat, when the accident happened. Both vessels were owned and operated by Cabras Marine Corporati
    ...
    10-22-2020, 05:32 PM
  • Staff Reporter 1
    HUD Awards more than 12.5 Million Dollars in Housing Counseling Grants
    by Staff Reporter 1
    U.S. Department of Housing and Urban Development Awards more than $12.5 Million in Housing Counseling Grants| site |



    Supplemental funding will provide additional resources for HUD-approved housing counseling


    (October 20, 2020) - - Today, October 20, 2020, the U.S. Department of Housing and Urban Development published the following information: WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12.5 million in supplemental housing counseling grants. These supplemental grants will support quality housing counseling services, including the foreclosure avoidance and rental counseling services used by many families as they work to recover from the COVID-19 pandemic. The grants awarded today will directly support the housing counseling services provided by 219 HUD-approved local housing counseling agencies, national and regional organizations, and state housing finance agencies (SHFAs) who competed un...
    10-22-2020, 07:32 AM
  • Staff Reporter 1
    SEC Updates Auditor Independence Rules
    by Staff Reporter 1
    U.S. Securities and Exchange Commission Updates Auditor Independence Rules | site |



    Amendments Reflect Staff Experience Applying the Auditor Independence Framework



    (October 16, 2020) - - Today, October 16, 2020 the U.S. Securities and Exchange Commission (SEC) published the following information:

    Washington D.C., Oct. 16, 2020 — The Securities and Exchange Commission today announced that it adopted final amendments to certain auditor independence requirements in Rule 2-01 of Regulation S-X. Informed by decades of staff experience applying the auditor independence framework, the final amendments modernize the rules and more effectively focus the analysis on relationships and services that may pose threats to an auditor’s objectivity and impartiality.

    The final amendments reflect updates based on recurring fact patterns that the Commission staff has observed over years of consultations in which certain relationships
    ...
    10-22-2020, 06:51 AM
  • Staff Reporter 1
    FDIC Survey Shows 95 Percent of U.S. Households Were Banked in 2019
    by Staff Reporter 1
    Federal Deposit Insurance Corporation SurveyShows 95 Percent of U.S. Households Were Banked in 2019 | site |



    New survey finds 5.4 percent of households were unbanked


    (October 19, 2020) - - Today, October 19, 2020, the Federal Deposit Insurance Corporation published the following information:

    WASHINGTON – A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation (FDIC). How America Banks: Household Use of Banking and Financial Services also found that a record low 5.4 percent of U.S. households were unbanked in 2019. Since 2009, the FDIC has measured the banked and unbanked populations in the U.S. and studied household use of banking and financial products and services, the most comprehensive analysis of its kind. “It is encouraging that a record number of households had bank accounts in 2019,
    ...
    10-22-2020, 06:17 AM

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