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Interest Rates
- US: H15 -0.04 2011-04-07 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.10 2011-04-07 FRB Federal funds effective rate
- US: H15 0.17 2011-04-07 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.57 2011-04-07 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.19 2011-04-07 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Warns: Ineffective Bed Bug Treatments Can Take a Bite Out of Consumers' WalletsWith the resurgence of bed bugs in the United States, the Federal Trade Commission urges consumers to be cautious when shopping for products that are touted as remedies or ways of preventing bed bug infestations. […]
- FTC Warns: Ineffective Bed Bug Treatments Can Take a Bite Out of Consumers' Wallets
Commerce News
- Press Release: NTIA Releases IPv6 "Readiness Tool"NTIA urged businesses to prepare for the transition to Internet Protocol version 6 (IPv6), an updated Internet addressing system, with the release of a new "IPv6 Readiness Tool." […]
- Press Release: NTIA Releases IPv6 "Readiness Tool"
Small Business News
- Letter dated 4/7/11 - Department of Defense, Department of the Army, Corps of EngineersLetter Date: Thursday, April 7, 2011 Landing page summary: Proposal To Reissue and Modify Nationwide Permits; Notice April 7, 2011 Printer Friendly Version read more […]
- Letter dated 4/7/11 - Department of Defense, Department of the Army, Corps of Engineers
Monetary Policy
Cost Estimates
- S. 627, Faster FOIA Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 7, 2011 […]
- H.R. 1217, a bill to repeal the Prevention and Public Health FundCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on April 5, 2011 […]
- H.R. 1216, a bill to amend the Public Health Service Act to convert funding for graduate medical education in qualified teaching health centers from a direct appropriation to an authorization of appropriationsCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on April 5, 2011 […]
- S. 627, Faster FOIA Act of 2011
Banking
- OCC Appoints Receiver for Western Springs National Bank and TrustThe Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Western Springs National Bank and Trust, Western Springs, Illinois. […]
- OCC Appoints Receiver for Western Springs National Bank and Trust
Incentive Compensation
Federal financial regulatory agencies request comment on a joint proposed rule to ensure that regulated financial institutions design their incentive compensation arrangements to take account of risk.
The proposed rule, which is being issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, would apply to certain financial institutions with more than $1 billion in assets. It also contains heightened standards for the largest of these institutions.
In prohibiting incentive compensation arrangements that could encourage inappropriate risks, the proposal would require compensation practices at regulated financial institutions to be consistent with three key principles–that incentive compensation arrangements should appropriately balance risk and financial rewards, be compatible with effective controls and risk management, and be supported by strong corporate governance. The proposed rule complements guidance previously issued by the agencies, including guidance on sound incentive compensation policies issued by the banking agencies last year.
The agencies are proposing that financial institutions with $1 billion or more in assets be required to have policies and procedures to ensure compliance with the requirements of the rule, and submit an annual report to their federal regulator describing the structure of their incentive compensation arrangements. The agencies are proposing that larger financial institutions, generally those with $50 billion or more in assets, defer at least 50 percent of the incentive compensation of certain officers for at least three years and that the amounts ultimately paid reflect losses or other aspects of performance over time. For purposes of credit unions, large financial institutions would be defined as those with $10 billion or more in assets. The FHFA proposed that the income-deferral provisions apply to all entities it regulates, regardless of size.
The agencies request comments on the proposed rule within 45 days of its publication in the Federal Register, which is expected soon.