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Interest Rates
- US: H15 0.13 2011-01-06 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.17 2011-01-06 FRB Federal funds effective rate
- US: H15 0.20 2011-01-06 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.40 2011-01-06 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.20 2011-01-06 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Charges Another Defendant as Part of Crackdown on Bogus Medical Discount PlansThe Federal Trade Commission has charged another defendant in a case filed earlier this year against an operation that allegedly defrauded uninsured Americans by selling them “medical discount plans” that were disguised as health insurance. […]
- FTC Charges Another Defendant as Part of Crackdown on Bogus Medical Discount Plans
Commerce News
- NTIA Report: Contraband Cell Phones in Prisons, Possible Wireless Technology SolutionsNTIA, in coordination with the Federal Communications Commission (FCC), the Federal Bureau of Prisons (BOP), and the National Institute of Justice (NIJ), has identified and evaluated several technology solutions that can be used in a prison environment, including jamming, managed access, and detection techniques. This report presents a comprehensive overview […]
- NTIA Report: Contraband Cell Phones in Prisons, Possible Wireless Technology Solutions
Small Business News
- New Hampshire Lenders List - December 2010Attachment below lists all SBA lenders participating in New Hampshire as of December 2010. […]
- New Hampshire Lenders List - December 2010
Monetary Policy
Cost Estimates
- H.R. 6517, Omnibus Trade Act of 2010Pay-as-you-go estimate for the Senate amendment in the nature of a substitute to H.R. 6517 […]
- S. 3688, International Professional Exchange Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on December 14, 2010 […]
- H.R. 847, James Zadroga 9/11 Health and Compensation Act of 2010Cost estimate for H.R. 847 as adopted by the Senate on December 22, 2010 […]
- H.R. 6517, Omnibus Trade Act of 2010
Banking
- OCC and OTS Report Shows Mortgage Performance Steady in Third Quarter of 2010, Includes New State-Level DataThe credit quality of first-lien mortgages serviced by large national banks and thrifts remained steady during the third quarter of 2010, but the pace of foreclosures increased, according to a report released today. […]
- OCC and OTS Report Shows Mortgage Performance Steady in Third Quarter of 2010, Includes New State-Level Data
Consumer Protection Regulations
The Federal Reserve Board on Monday proposed two rules that would expand the coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts.
The proposed rules would amend Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) to implement a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Effective July 21, 2011, the Dodd-Frank Act requires that the protections of the Truth in Lending Act (TILA) and the Consumer Leasing Act (CLA) apply to consumer credit transactions and consumer leases up to $50,000, compared with $25,000 currently. This amount will be adjusted annually to reflect any increase in the Consumer Price Index.
TILA requires creditors to disclose key terms of consumer loans and prohibits creditors from engaging in certain practices with respect to those loans. Currently, consumer loans of more than $25,000 are generally exempt from TILA. However, private education loans and loans secured by real property (such as mortgages) are subject to TILA regardless of the amount of the loan.
The CLA requires lessors to provide consumers with disclosures regarding the cost and other terms of personal property leases. An automobile lease is the most common type of consumer lease covered by the CLA. Currently, a lease is exempt from the CLA if the consumer’s total obligation exceeds $25,000.
The notices that will be published in the Federal Register are attached. Comments on the proposals must be submitted by the later of 30 days after publication in the Federal Register or February 1, 2011.