In 2013, the U.S. Department of Health and Human Services adopted sweeping changes to the Health Insurance Portability and Accountability Act of 1996 that substantially altered rules on privacy, security and breach notification, and increased penalty amounts for violations.
Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the U.S. Securities and Exchange is poised to consider this week.
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide.
A new Rhode Island law strengthening safety regulations related to the sale of children’s jewelry goes into effect in November. It updates 2012 legislation passed and signed into law requiring all jewelry and charms manufactured in Rhode Island for children aged 12 and younger must meet standards set by the American Society for Testing and Materials.
(Updated, 1 p.m.)
Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis.
By David McLaughlin, Tom Schoenberg and Hugh Son Bloomberg News
The Rhode Island Hospitality Association says this year’s legislative session ended with the industry at least able to stay on an equal footing with other sectors. That’s thanks largely to defeat of both a bill that would have reduced the sales tax for most industries but not hospitality, and another measure to create a commission to study a minimum wage within the hospitality industry.
GTECH S.p.A. announced Monday that U.S. authorities have approved early termination of the required antitrust waiting period related to GTECH’s pending acquisition of Las Vegas-based International Game Technology Inc.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.