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Colorado amends executive order regarding eviction protections
On September 22, the Colorado governor issued Executive Order 2020 202 , which amends Executive Order 2020 101, as amended and extended by earlier orders. The amendment provides that an individual is prohibited from filing or initiating actions for forcible entry and detainer (i.e. eviction),...
InfoBytesIRS: Lenders should not report PPP debt forgiveness
On September 22, the IRS released Announcement 2020-12 notifying lenders that they should not report the amount of qualifying loan forgiveness for covered loans to qualifying small businesses made under the Paycheck Protection Program (PPP).The IRS code generally requires lenders to file a Form...
InfoBytesOFAC sanctions Iranian cyber threat group
On September 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Iranian cyber threat group, 45 associated individuals, and one additional “front company” for allegedly being involved in a Government of Iran (GOI) malware campaign targeting international travel...
InfoBytesOFAC settles with telecommunications company over sanctions violations
On September 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a $894,111 settlement with a New York-based telecommunications systems and software company for four apparent violations of the Sudanese Sanctions Regulations (SSR). According to OFAC’s web notice ,...
InfoBytesOFAC sanctions Hizballah-associated Lebanon-based companies
On September 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 13224 against two Lebanon-based companies for being owned, controlled, or directed by Hizballah. According to OFAC, the two companies are leveraged by Hizballah “...
InfoBytesCalifornia AG enters into privacy settlement with fertility-tracking mobile app
On September 17, the California attorney general announced a settlement with a technology company that operates a fertility-tracking mobile app to resolve claims that security flaws put users’ sensitive personal and medical information at risk in violation of state consumer protection and privacy...
InfoBytes11th Circuit: Class action incentive fees are unlawful
On September 17, the U.S. Court of Appeals for the Eleventh Circuit reversed and vacated a district court judgment awarding an “incentive payment” to a TCPA class action representative, concluding it violates a U.S. Supreme Court decision prohibiting such awards. Additionally, the 11th Circuit...
InfoBytesFDIC, HUD announce Oregon wildfires regulatory and disaster relief
On September 18, the FDIC issued FIL-91-2020 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Oregon affected by wildfires that began on September 7. In the guidance, the FDIC writes that, in supervising institutions affected by the wildfires, it will...
InfoBytesVirginia governor announces expansion of grant program for small businesses, nonprofits
On September 21, the Virginia governor announced the expansion of the Rebuild VA, the $70 million economic recovery fund for small businesses and nonprofits impacted by Covid-19. As a result of the expanded eligibility requirements, businesses that received funding from the federal CARES Act and...
InfoBytesNew York governor extends moratorium on commercial evictions
On September 21, the New York governor issued Executive Order 202.64, which extends the moratorium on Covid-19-related commercial evictions until October 20. The eviction moratorium, which was first issued on March 20, has been extended several times. For our previous coverage, see here .
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