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Interest Rates- US: H15 -0.43 2011-06-16 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.10 2011-06-16 FRB Federal funds effective rate
- US: H15 0.16 2011-06-16 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.02 2011-06-16 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.12 2011-06-16 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- FTC Approves Final Order Settling Charges that Company Deceptively Tracked Consumers’ Online ActivitiesFollowing a public comment period, the Federal Trade Commission finalized the order settling charges that online advertising company Chitika, Inc. tracked consumers’ online activities even after they chose to opt out of online tracking on the company’s website. The FTC alleged that, unbeknownst to consumers, the “opt out” lasted for only 10 days. The final o […]
- FTC Approves Final Order Settling Charges that Company Deceptively Tracked Consumers’ Online Activities
- Commerce News
- Federal Register Notice: Internet Assigned Numbers Authority (IANA) Functions Further Notice of InquiryNTIA is seeking public comment on a draft statement of work, a key element of the procurement process for the new IANA functions contract. (471 KB PDF file) […]
- Federal Register Notice: Internet Assigned Numbers Authority (IANA) Functions Further Notice of Inquiry
- Small Business News
- Letter dated 06/14/2011 - Small Business AdministrationLanding page summary: Small Business Size Standards: Professional, Scientific and Technical Services June 14, 2011 Printer Friendly Version read more […]
- Letter dated 06/14/2011 - Small Business Administration
- Monetary Policy
- Cost Estimates
- S. 1103, A bill to extend the term of the incumbent Director of the Federal Bureau of InvestigationCost estimate for the bill as reported by the Senate Committee on the Judiciary on June 16, 2011 […]
- H.R. 908, Full Implementation of the Chemical Facility Anti-Terrorism Standards ActCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on May 26, 2011 […]
- S. 890, Fighting Fraud to Protect Taxpayers Act of 2011Cost estimate for the bill as reported by the Senate Committee on the Judiciary on May 19, 2011 […]
- S. 1103, A bill to extend the term of the incumbent Director of the Federal Bureau of Investigation
- Banking
- OCC Enforcement ActionsThe Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. […]
- OCC Enforcement Actions
Mortgage Loan Disclosures
The Federal Reserve Board on Monday published its annual adjustment to the amount of fees that triggers additional disclosure requirements under the Truth in Lending Act and the Home Ownership and Equity Protection Act of 1994 for home mortgage loans that bear rates or fees above a certain amount.
The dollar amount of the fee-based trigger has been adjusted to $611 for 2012 based on the annual percentage change reflected in the consumer price index that was in effect as of June 1, 2011.
The adjustment is required by statute and is effective January 1, 2012. The adjustment does not affect the rules for “higher-priced mortgage loans” adopted by the Board in July 2008. Coverage of mortgage loans under the July 2008 rules is determined using a different rate-based trigger.
The Home Ownership and Equity Protection Act restricts credit terms such as balloon payments and requires additional disclosures when total points and fees payable by the consumer exceed the fee-based trigger or 8 percent of the total loan amount, whichever is larger.
The notice that will be published in the Federal Register is attached.
For media inquiries, call 202-452-2955.