South Korea-based company Jier Shin Korea Co. Ltd., and its president, Sang Joo Lee, have agreed to pay $2 million to the United States for civil antitrust and False Claims Act violations for their involvement in a bid-rigging conspiracy that…

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the establishment of a Commercial Paper Funding Facility (CPFF) by the Federal Reserve Board: “I have just sent Chairman Jerome Powell a letter confirming that I approve…

Secretary Steven T. Mnuchin joined Chris Wallace on Fox News Sunday to discuss the state of the U.S. economy and negotiations with Congress on a legislative package to combat the coronavirus outbreak. On the State of the Economy: "If the…

WASHINGTON, D.C. —The Consumer Financial Protection Bureau (Bureau) has filed a lawsuit in federal district court in the Northern District of Illinois against Fifth Third Bank, National Association (Fifth Third). The Bureau alleges that for several years Fifth Third, without…

The U.S. labor market continues to build on its impressive gains over the past three years of the Trump Administration. According to the Bureau of Labor Statistics’ monthly Employment Situation release, nonfarm payroll employment increased by 273,000 in February—adding nearly…

Ferrero will open a new Goodyear distribution center in mid-March and will hire 50 people within its first year of operation. The facility will be located at 3600 N. Cotton Lane and encompasses 643,800 square feet. Nationwide, Ferrero has recently…

The Bureau of Consumer Financial Protection proposes to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA) and currently contains the procedures for State application for exemption from the provisions of the FDCPA. On May 21, 2019,…

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) has issued a Supplemental Notice of Proposed Rulemaking (Supplemental NPRM) regarding the collection of time-barred debt. The Bureau proposes to prohibit collectors from using non-litigation means (such as calls) to collect…

FTC alleges that agreements by Aaron’s Inc., Buddy’s Newco, LLC, and Rent-A-Center, Inc. reduced competition, lowered quality and selection of products Rent-to-own operators Aaron’s Inc., Buddy’s Newco, LLC, and Rent-A-Center, Inc. have agreed to settle FTC charges that they negotiated…

Court Releases Pallet of Foreign Currency Valued at $2.5M to CFTC Washington, D.C. — Following a bench trial, the U.S. District Court for the Middle District of Alabama entered a final judgment against defendants Husam Tayeh of Illinois and his…

The U.S. labor market is the strongest it has been in the last half century, as President Trump’s pro-growth economic policies continue boosting labor demand and lowering structural barriers to entering the labor market. Economic data presented in the 2020…

Washington, D.C. — The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Western District of North Carolina charging Winston Reed Investments LLC (WRI) and its vice president and investment consultant, Mark…