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Interest Rates
- US: H15 -0.02 2011-01-13 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.16 2011-01-13 FRB Federal funds effective rate
- US: H15 0.18 2011-01-13 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.31 2011-01-13 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.23 2011-01-13 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Offers Tips on Making the Most of Your Auto WarrantyCan a dealer void your car’s warranty if you have someone else do routine maintenance on the vehicle? […]
- FTC Offers Tips on Making the Most of Your Auto Warranty
Commerce News
- Commerce Spectrum Management Advisory Committee Reopening of Application PeriodNTIA has reopened the application period for persons interested in serving on the Department of Commerce Spectrum Management Advisory Committee (CSMAC) for new two-year terms. The CSMAC provides advice to the Assistant Secretary for Communications and Information and NTIA Administrator on spectrum policy matters. Nominations must be postmarked or electronica […]
- Commerce Spectrum Management Advisory Committee Reopening of Application Period
Small Business News
- Letter dated 01/04/11 – Food and Drug AdministrationLetter Date: Tuesday, January 4, 2011 Landing page summary: Comment Request; Restaurant Menu and Vending Machine Labeling: Recordkeeping and Mandatory Third Party Disclosure Under Section 4205 of the Patient Protection and Affordable Care Act of 2010 Fact Sheet Summarizing Advocacy's Letter read more […]
- Letter dated 01/04/11 – Food and Drug Administration
Monetary Policy
- Minutes of Board discount rate meetings, November 22 through December 13, 2010
- Minutes of the Federal Open Market Committee, December 14, 2010
- FOMC statement: Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Bank of England, and Swiss National Bank announce extension of temporary U.S. dollar liquidity swap facilities
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
- Office of the Comptroller of the Currency Hosts Workshops in Fort Myers, FloridaThe Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks and federal savings associations in Fort Myers, Florida, at the Marriott Sanibel Harbor Hotel, February 15-16, 2011. […]
- Office of the Comptroller of the Currency Hosts Workshops in Fort Myers, Florida
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.