On May 16, DBRS released a commentary titled U.S.-China Relations: Tariffs Accelerated, Negotiations Stalled. The Office of the United States Trade Representative (USTR) increased tariffs to 25% on $200 billion worth of Chinese goods and is working on raising tariffs on all remaining imports from China. Commentary.
On May 16, DBRS launched its fourth annual European Structured Finance and Covered Bond Survey. The invitation for responses is open to all market participants. Release.
On May 21, the Securities and Exchange Commission (SEC) announced that it obtained a court order halting an ongoing $30 million Ponzi Scheme. The SEC complaint charged a cryptocurrency business and its principal with using investor funds to run a Ponzi Scheme. Release.
On March 19, the Alexander County Housing Authority awarded a demolition contract to RCRA Inc. to raze 278 housing units in Cairo. These housing developments experienced years of deferred maintenance such that they are unsafe for residents. The demolition will be completed by September 2019 and the land will be restored to green space. Press Release.
On March 20, the Securities and Exchange Commission (SEC) voted to adopt amendments to eliminate outdated and unnecessary disclosure. Among other things, the amendments will allow companies to redact confidential information without filing a confidential treatment request. Press Release.
On March 14, DBRS published an updated methodology entitled “Rating Structured Aircraft Transactions“. Methodology.
On January 11, the FDIC issued a release encouraging institutions to modify terms on existing loans, including mortgages, student loans, car loans, business loans and credit cards, due to the federal government shutdown. Release.
On November 2, the Securities Exchange Commission (“SEC“) announced that it voted to adopt amendments that require broker-dealers to disclose the way that they handle investors’ orders. The new disclosures will provide customers with information about the average rebates the broker received from, and the fees the broker paid to, treading venues. Release.
On November 6, the Federal Housing Finance Agency (“FHFA“) announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac will be the same as the 2018 caps, $35 billion each. Release.
On September 6, the U.S. Department of Housing and Urban Development awarded more than $12 million in Healthy Homes Production grants to 13 Tribes and Tribal agencies to protect children and families from home health and safety hazards. Release.
On September 6, the SEC issued a statement that it is awarding $39 million to one whistleblower and $15 million to another. The $39 million award is the second-largest in the history of the SEC’s whistleblower program. Release.
