Regulation
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HUD awards $2.5M to R.I. to protect against lead paint
The U.S. Department of Housing and Urban Development has award $2.5 million in grants to the Rhode Island Housing and Mortgage Finance Corp. to help “protect children and families from the hazards of lead-based paint and from other home health and safety hazards,” HUD announced Friday. more
| 5/24/13
U.S. faces downgrade in 2013 without budget deal, Moody’s warns
U.S. policymakers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are “credit positive,” according to Moody’s Investors Service. more
RIPEC: Special districts useful but seen as under-regulated
While many of Rhode Island’s 91 special districts perform valuable services, their lack of mandated financial controls leaves them open to charges of poor fiscal management, according to a report released by the Rhode Island Public Expenditure Council late Monday. more
| 5/14/13
Ranbaxy settlement returns $290K to R.I. Medicaid
Rhode Island announced Tuesday that it has banded with other states and the federal government in a $500 million dollar settlement with generic pharmaceutical manufacturer Ranbaxy that will recover $290,600 for Rhode Island’s Medicaid program. more
More workers got insurance in Massachusetts after health law
The share of workers opting to take company medical coverage rather than more take-home pay rose in Massachusetts after the state overhauled its health system in 2006, a result the U.S. Affordable Care Act may replicate, a report suggests. more
Blount to spend $250K on fine, clean up over clean air violations
After claims that its Warren shipbuilding and ship repair facility had violated the federal Clean Air Act National Emissions Standards for Hazardous Air Pollutants for Shipbuilding and Ship Repair Facilities, Blount Boats Inc. has agreed to pay a $24,000 penalty and spend at least $230,000 on a clean air project. more
R.I. ranks No. 37 on best states for businesses list
Rhode Island earned the No. 37 slot on Chief Executive Magazine’s list of the “2013 Best & Worst States for Businesses,” moving two spots up from its 2012 ranking. more
| 5/9/13
BofA settles ‘big kahuna’ mortgage suit as new case looms
Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished. more
BofA, Wells Fargo to be sued over mortgage deal
Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices. more
The Moore Co.’s Fulflex hit with $200K EPA fine
Fulflex Inc., which is owned by The Moore Co., a Providence-based elastics and plastics company, will pay almost $200,000 to the U.S. Environmental Protection Agency for Clean Air Act violations at its Brattleboro, Vt.-based facility. more
| 5/6/13
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