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Biden Ramps Up Russia Sanctions Pressure - International Law
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By Editor | April 21, 2021
By ERIC X. VICCARO
eviccaro@stegenherald.com
Ste. Genevieve Board of Aldermen had a work session to discuss possible uses for American Rescue Plan (ARP) Act money the city expects to receive.
The American Rescue Plan, from the Office of President Joe Biden, will deliver additional relief to the American people and the communities they reside in.
The plan provides direct relief, helps mount a national vaccination program and contain the COVID-19 (coronavirus) pandemic and more.
In Ste. Genevieve County, the county is expected to receive $3,470,431, with $813,370 for the city of Ste. Genevieve. Bloomsdale will receive $102,220 and St. Mary $63,730.
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On April 15, 2021, the Biden Administration imposed new sanctions on Russia in response to: (1) its efforts to interfere in U.S. and other countries’ elections; (2) the Solar Winds hacks; and (3) Russia’s continued occupation of the Crimea region of Ukraine. These new sanctions include broad authority under a newly issued Executive Order to impose sanctions across any sector of the Russian economy, including asset freezes, additional targeted designations, and visa restrictions (the “new Executive Order” or “EO”).
The Administration concurrently issued a new Directive that prohibits U.S. financial institutions from trading in both certain non-ruble and ruble-denominated Russian sovereign debt on primary markets. The new sanctions expand existing restrictions on trading in Russian non-ruble-denominated debt by U.S. banks. Finally, the Office of Foreign Assets Control (“OFAC”) at the United States Department
Commerce Home Mortgage’s Wholesale Division Has a New Name: Change Wholesale
By
Staff
17 seconds ago
IRVINE, Calif.–(BUSINESS WIRE)–#banking–The Change Company, America’s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the “Company”) announced today the rebranding of the Company’s wholesale division to Change Wholesale.
Ted Ray, President of Change Home Mortgage, said, “This rebranding represents an important milestone as we focus our resources on scaling Change Wholesale. Our wholesale partners are able to benefit from Change Wholesale’s proprietary loan programs – including our Community Mortgage – and technology to finance prime borrowers their competitors can’t. As America’s CDFI, we are a mission-driven lender who enables our broker partners to grow their businesses by serving diverse borrowers with diverse needs.”
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