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Minutes of the Federal Open Market Committee, June 13-14, 2023
July 5, 2023 / Source: FRB
The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on June 13–14, 2023. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes…
Treasury Releases Assessment of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace
July 2, 2023 / Source: Treasury
The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released its 2023 “Study of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace.” In addition to providing updates on the role of small insurers in the terrorism insurance marketplace, the Report identifies new insights available from FIO’s expanded cyber insurance data collection, and…
Former Atlanta business-owner sentenced to prison for obtaining millions of dollars in COVID-19 relief fraud, tax identity theft and credit card fraud
July 2, 2023 / Source: FDIC OIG
ATLANTA – Jose Fernandez has been sentenced for seeking over $5 million by submitting fraudulent Paycheck Protection Program (“PPP”) applications, filing false tax returns using stolen identities, using credit cards he obtained with stolen identities, and check fraud. He ultimately obtained more than $2 million in fraudulent funds, which he then used for his personal…