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2 DETROIT – The U.S. Army Corps of Engineers is seeking public comments through January 13, 2021 on its proposal to place temporary office space in Canal Park on the Soo Locks property in Sault Ste. Marie, Michigan.
The proposed one-story, single modular structure, consisting of multiple pre-engineered structures linked together, will house Corps Integrated Project Office (IPO) employees overseeing the New Lock at the Soo project construction. The $1 billion lock construction project could take up to 10 years to complete, according to IPO Resident Office Project Manager Isaac Freel.
“We’re proposing to place the offices near the park entrance,” Freel said. “This location provides readily available access to sewer, water and electric. It also provides proximity to the Soo Area Office and the project site, which will greatly facilitate communication and project oversight.”
Headlines
CFPB Expands the Definition of a Qualified Mortgage for Truth in Lending Purposes
FDIC Adopts New Rules Regulating Parent Companies of Insured Industrial Banks
Joint Guidance on Fintech Due Diligence Requirements for Community Banks to Come
Other Developments: LIBOR Transition, Branch Applications, and SAR Filing Requirements
1. FDIC Modernizes Brokered Deposit Rule and Amends Interest Rate Restrictions
The FDIC has adopted a final rule that establishes new standards for determining whether deposits made through certain kinds of arrangements with third parties qualify as brokered deposits, such as those between banks and financial technology (“fintech”) companies. The final rule approved on December 15 also amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized banks by defining the “National Rate” as the weighted average of rates paid by all banks and credit unions on a given deposit product based on eac
Churchill: For Native tribe, one more broken promise
New York hasn t honored its commitment to the Stockbridge-Munsee Mohican Nation.
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A rendering of a mural planned for the overpass at Exit 3 of the Northway. (Provided by the Stockbridge-Munsee Mohican Nation)(Provided by the Stockbridge-Munsee Mohican Nation)Show MoreShow Less
2of5Buy PhotoGovernor Andrew Cuomo drives FDR s Packard with Marie Therese Dominguez, Commissioner of DOT, Albany County Executive Dan McCoy, and Albany Mayor Kathy Sheehan, over the finished flyover for the new exit 3 off of Interstate 87, on Wednesday, Nov. 6, 2019, in Colonie, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less