Thursday - November 21, 2024
Federal Regulatory Agencies

News releases, reports, statements and associated documents from federal regulatory agencies ranging from the Securities Exchange Commission to the Commodities Futures Trading Commission

Featured Stories

PBGC Approves SFA Application for UFCW Local 360 Labor-Management Plan
WASHINGTON, Nov. 20 -- The Pension Benefit Guaranty Corp. issued the following news release on Nov. 19, 2024:

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UFCW Local 360 Labor-Management Plan Preserves Benefits Through Receipt of Special Financial Assistance

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The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the United Food and Commercial Workers International Union, Local 360 Labor-Management Pension Plan (UFCW Local 360 Labor-Management Plan). The plan, based in Pine Brook, New Jersey, covers 6,117 participants ... Show Full Article

Pension Benefit Guaranty Corp. Releases FY 2024 Annual Report
WASHINGTON, Nov. 19 (TNSres) -- The Pension Benefit Guaranty Corp. issued the following news release on Nov. 18, 2024:

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Financial Positions Continue to Grow Stronger in PBGC Insurance Programs

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The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2024 Annual Report. The report shows PBGC's insurance programs are financially sound and continue to grow stronger. This marks the fourth consecutive year of positive net financial positions for both our Single-Employer and Multiemployer insurance programs.

Additionally, this report notes the 32nd consecutive ... Show Full Article

Litigation: SEC Obtains Final Judgment Against Defendant for Receiving Kickbacks in Bribery Scheme
WASHINGTON, Nov. 19 -- The Securities and Exchange Commission issued the following litigation release (No. 1:19-cv-5631; E.D.N.Y. filed Oct. 4, 2019) involving Auerbach, et al.:

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On November 15, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Richard Brown for accepting kickbacks in an alleged scheme to defraud investors.

The SEC's complaint, filed in the Eastern District of New York on October 4, 2019, alleged that from approximately July 2014 through October 2015, Brown, then a registered stockbroker, accepted cash bribes from the CEO of Nxt-ID, ... Show Full Article

FLRA Issues Decision Regarding AFGE, Local 2338 Vs. VA, John J. Pershing VA Medical Center
WASHINGTON, Nov. 19 -- The Federal Labor Relations Authority issued the following decision (Case No. 0-AR-5977) on Nov. 18, 2024:

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AMERICAN FEDERATION OF GOVERNMENT EMPLOYEES

LOCAL 2338 (Union)

and

UNITED STATES DEPARTMENT OF VETERANS AFFAIRS

JOHN J. PERSHING VA MEDICAL CENTER

POPLAR BLUFF, MISSOURI (Agency)

0 AR 5977

DECISION

November 18, 2024

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Before the Authority: Susan Tsui Grundmann, Chairman, and Colleen Duffy Kiko and Anne Wagner, Members

I. Statement of the Case

Arbitrator Jack P. Cerone issued an award finding a Union grievance was not arbitrable. The Union filed ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Copper Retirement Network Change Notification Filed By AT&T Wisconsin
WASHINGTON, Nov. 19 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 24-623) on Nov. 18, 2024:

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Re: Copper Retirement Network Change Certification Received

Wisconsin Bell, LLC d/b/a AT&T Wisconsin (AT&T), an incumbent local exchange carrier (LEC), has filed certification that public notice of network change(s) involving the retirement of copper has been provided through its publicly accessible Internet site, as required by section 51.329(a)(2) of the rules of the Federal Communications Commission (FCC or Commission),/1 ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Copper Retirement Network Change Notification Filed By AT&T Alabama
WASHINGTON, Nov. 19 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 24-625) on Nov. 18, 2024:

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Re: Copper Retirement Network Change Certification Received

BellSouth Telecommunications, LLC d/b/a AT&T Alabama (AT&T), an incumbent local exchange carrier (LEC), has filed certification that public notice of network change(s) involving the retirement of copper has been provided through its publicly accessible Internet site, as required by section 51.329(a)(2) of the rules of the Federal Communications Commission (FCC or ... Show Full Article

Consumer Financial Protection Bureau Report: 'Annual Report of the CFPB Student Loan Ombudsman'
WASHINGTON, Nov. 19 (TNSrep) -- The Consumer Financial Protection Bureau issued the following report on November 15, 2024 entitled "Annual Report of the CFPB Student Loan Ombudsman."

Here are excerpts:

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The 2024 Annual Report of the CFPB Student Loan Ombudsman highlights the severe difficulties reported by student borrowers due to persistent loan servicing failures and program disruptions. To assist struggling borrowers, the Department of Education implemented reforms resulting in billions of dollars in loan cancellation for almost 5 million borrowers, but servicing failures and legal challenges ... Show Full Article