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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
Regulation Z & Regulation M
The Federal Reserve Board on Monday adjusted Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) by increasing the dollar threshold for exempt consumer credit and lease transactions. Transactions at or below the threshold are subject to the protections of the regulations. These adjustments reflect the annual percentage increase in the consumer price index that was in effect as of June 1, 2011. These annual adjustments are required by statute and will take effect on January 1, 2012.
Effective July 21, 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the Truth in Lending Act and the Consumer Leasing Act to expand consumer protections by increasing the thresholds for exempt consumer credit transactions and consumer leases from $25,000 to $50,000. In addition, the Dodd-Frank Act provides that, on or after December 31, 2011, these thresholds must be adjusted annually by any annual percentage increase in the consumer price index.
Based on the adjustments announced Monday, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit transactions and consumer leases of $51,800 or less in 2012. 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 notices that will be published in the Federal Register are attached.
For media inquiries, call 202-452-2955.