Federal Reserve announces it will replace its current Bank Application Filing System with a New and Upgraded System later this Month | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: October 6, 2022
The Federal Reserve Board announced on Thursday that it will replace its current bank application filing system with a new and upgraded system later this month. The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
The new cloud-based system, known as FedEZFile, will provide real-time status tracking, two-way messaging, and digitally signed documents for applications. An "Ask the Fed" webinar on the new system will be scheduled at a later date.
SR 22-9/CA 22-8: FedEZFile and FedEZFile Fluent to be Released for Filing Applications...
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Federal Reserve announces it will replace its current Bank Application Filing System with a New and Upgraded System later this Month
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FCC Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures
Federal Communications Commission Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures | site |
Rosenworcel Expresses Support for Identifying Propaganda on Our Airwaves Act
Information contained in Federal Communications Commission (FCC) press statement release dated: October 17, 2022 Washington, October 17, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel issued the following statement today after the Identifying Propaganda on Our Airwaves Act was introduced in the Senate and House of Representatives: “The principle that the public has a right to know the identity of those who solicit their support is a fundamental and long-standing tenet of broadcasting,” said Chairwoman Rosenworcel. “Consumers deserve to trust that public airwaves aren’t being leased without their knowledge to foreign governments. I appreciate the leadership of Senators Schatz and Blackburn, a... -
FTC Chair and Commissioners Issue Unanimous Joint Statement
Federal Trade Commission Chair and Commissioners Issue Unanimous Joint Statement | site |
Information contained in Federal Trade Commission (FTC) press release dated: October 13, 2022
Today FTC Chair Lina M. Khan, and Commissioners Noah Joshua Phillips, Rebecca Kelly Slaughter, Christine S. Wilson, and Alvaro Bedoya unanimously issued a joint statement in response to an article in the Wall Street Journal regarding FTC ethics:
“The Federal Trade Commission is composed of dedicated, honest career civil servants who provide a vital service to protect Americans from unlawful business practices. As commissioners, we frequently disagree with one another about policy questions. But we stand behind our career staff. We demand compliance with the FTC’s ethics rules, set clear expectations of staff behavior, and swiftly refer any violations of these rules to the proper authorities.”
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Federal Reserve Board finalizes updates to the Board’s Rule concerning Debit Card Transactions
Federal Reserve Board finalizes updates to the Board’s Rule concerning Debit Card Transactions | site | Information contained in Board of Governors of the Federal Reserve System press release dated: October 3, 2022 The Federal Reserve Board on Monday finalized updates to the Board's rule concerning debit card transactions. Pursuant to statute, the updates specify that debit card issuers should enable at least two payment card networks to process all debit card transactions, including "card-not-present" transactions, such as online payments.1 The final rule is substantially similar to the proposal issued last year. By law, the Board is required to make rules ensuring that debit card issuers give merchants the opportunity to choose between at least two unaffiliated networks when routing debit card transactions. When the Board initially issued the rule in July 2011, the market had not developed solutions to broadly support multiple networks for card-not-pr... -
Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System
Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: July 19, 2022
Michael S. Barr took the oath of office as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System on Tuesday. The oath was administered by Chair Jerome H. Powell in the press briefing room of the Board's Martin building.Chair Jerome H. Powell swears in Michael S. Barr on July 19, 2022 as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System.
President Biden nominated Mr. Barr on May 2, 2022, and he was confirmed by the United States Senate on July 13. His term as Vice Chair for Supervision ends on July 13, 2026, and his term as a member... -
Minutes of the Federal Open Market Committee, June 14-15, 2022
Minutes of the Federal Open Market Committee, June 14-15, 2022
Information contained in Board of Governors of the Federal Reserve System press release dated: July 6, 2022
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14–15, 2022.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/moneta...ccalendars.htm
Minutes of the Federal Open Market Committee
June 14-15, 2022: HTML | PDF -
Federal Open Market Committee announces its tentative Meeting Schedule for 2023
Federal Open Market Committee announces its tentative Meeting Schedule for 2023 | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: June 24, 2022
The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023:
January 31-February 1 (Tuesday-Wednesday)
March 21-22 (Tuesday-Wednesday)
May 2-3 (Tuesday-Wednesday)
June 13-14 (Tuesday-Wednesday)
July 25-26 (Tuesday-Wednesday)
September 19-20 (Tuesday-Wednesday)
October 31-November 1 (Tuesday-Wednesday)
December 12-13 (Tuesday-Wednesday)
January 30-31, 2024 (Tuesday-Wednesday)... -
Federal Trade Commission Launches Inquiry into Infant Formula Crisis
Federal Trade Commission Launches Inquiry into Infant Formula Crisis | site |
Agency Seeks Public Comment on Attempts to Deceive Families and Factors that May Have Contributed to the Ongoing Shortage of Infant Formula
Information contained in Federal Trade Commission (FTC) press release dated: May 24, 2022
Today, the Federal Trade Commission staff launched an inquiry into the ongoing shortage for infant formula that has caused hardship for countless American families. The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage. It also aims to shed light on the factors that have led to concentration in the infant formula market and the fragility of the supply chains for these crucial products. FTC Chair Lina M. Khan released a statement in conjunction with... -
Minutes of the Federal Open Market Committee, May 3-4, 2022
Minutes of the Federal Open Market Committee, May 3-4, 2022 | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 25, 2022
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on May 3–4, 2022.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee May 3-4, 2022: ... -
Julia Gordon Sworn in as Assistant Secretary for Housing and the Federal Housing Commissioner
Julia Gordon Sworn in as Assistant Secretary for Housing and the Federal Housing Commissioner | site |
Information contained in U.S. Department of Housing and Urban Development press release dated: May 23, 2022
Washington - - Julia Gordon was sworn in on Friday, May 20, as the U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing and the Federal Housing (FHA) Commissioner. HUD Secretary Marcia L. Fudge issued the oath of office to Commissioner Gordon during a ceremony at HUD’s headquarters. Commissioner Gordon was confirmed by the Senate on May 12, 2022.
“I’m pleased to swear in Julia Gordon as HUD’s Assistant Secretary for the Office of Housing and the Federal Housing Commissioner,” said Secretary Fudge. “Julia is a respected leader with decades of experience working to create... -
Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System
Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 23, 2022
Jerome H. Powell on Monday took the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System. Chair Powell's oath was administered by Vice Chair LaelBrainard in the press briefing room of the Board's Martin building. President Biden re-nominated Mr. Powell in November 2021, and he was confirmed by the United States Senate on May 12, 2022. His new term as Chair ends on May 15, 2026, and his term as a member of the Board ends on Jan...Vice Chair Lael Brainard swears in Chair Jerome H. Powell on May 23, 2022 for his second term as Chair of the Board of Governors of the Federal Reserve System.
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Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels
Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels | site |
Information published in Federal Communications Commission (FCC) release dated: May 19, 2022
The FCC today announced the third of a series of virtual public hearings as part of its broadband consumer labels rulemaking proceeding. The hearing will take place May 25, 2022, at 1:30 p.m. ET and will be streamed free to the public at fcc.gov/live .
To view the Public Notice may be viewed at https://docs.fcc.gov/public/attachments/DA-22-556A1.pdf or press HERE
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Federal Reserve Board finalizes Rule that governs Funds Transfers over the Federal Reserve Banks' FedNow Service
Federal Reserve Board finalizes Rule that governs Funds Transfers over the Federal Reserve Banks' FedNow Service | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 19, 2022 The Federal Reserve Board on Thursday finalized a rule that governs funds transfers over the Federal Reserve Banks' FedNow℠ Service. The final rule is substantially similar to the proposal from last year, with a few clarifications in response to comments. The FedNow Service is a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and is expected to be available in 2023. The final rule provides a comprehensive set of rules governing funds transfers over the FedNow Service and provides legal certainty and clarity on the rights and obligations of parties to a transfer over the FedNow Service. ... -
FRA Announces New Bipartisan Infrastructure Law Program to Guide Nationwide Expansion and Enhancement of Intercity Passenger Rail Service
Federal Railroad Administration Announces New Bipartisan Infrastructure Law Program to Guide Nationwide Expansion and Enhancement of Intercity Passenger Rail Service
| site |
Information contained in U.S. Department of Transportation press release dated: May 13, 2022 The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today established the new Corridor Identification and Development (ID) Program, which is the first step in an unprecedented undertaking to transform America’s passenger rail network through President Biden’s Bipartisan Infrastructure Law. The Corridor ID Program will establish a pipeline of projects ready for funding – allowing them to be implemented faster and with greater coordination than ever before. The program will serve as a key vehicle for directing federal investments and technical assistance toward new or improved intercity passenger rail services across the nation. "Americans... -
Plans for Reducing the Size of the Federal Reserve's Balance Sheet
Plans for Reducing the Size of the Federal Reserve's Balance Sheet | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 4, 2022
Consistent with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly reducing the Federal Reserve's securities holdings.- The Committee intends to reduce the Federal Reserve's securities holdings over time in a predictable manner primarily by adjusting the amounts reinvested of principal payments received from securities held in the System Open Market Account (SOMA). Beginning on June 1, principal payments from securities held in the SOMA will be reinvested to the extent that they exceed monthly caps.
For Treasury securities, the cap will initially be set at $30 billion per month and after three months will...
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Federal Reserve announces it will replace its current Bank Application Filing System with a New and Upgraded System later this Month | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: October 6, 2022
The Federal Reserve Board announced on Thursday that it will replace its current bank application filing system with a new and upgraded system later this month. The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
The new cloud-based system, known as FedEZFile, will provide real-time status tracking, two-way messaging, and digitally signed documents for applications. An "Ask the Fed" webinar on the new system will be scheduled at a later date.
SR 22-9/CA 22-8: FedEZFile and FedEZFile Fluent to be Released for Filing Applications...10-24-2022, 02:35 PM -
Federal Communications Commission Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures | site |
Rosenworcel Expresses Support for Identifying Propaganda on Our Airwaves Act
Information contained in Federal Communications Commission (FCC) press statement release dated: October 17, 2022 Washington, October 17, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel issued the following statement today after the Identifying Propaganda on Our Airwaves Act was introduced in the Senate and House of Representatives: “The principle that the public has a right to know the identity of those who solicit their support is a fundamental and long-standing tenet of broadcasting,” said Chairwoman Rosenworcel. “Consumers deserve to trust that public airwaves aren’t being leased without their knowledge to foreign governments. I appreciate the leadership of Senators Schatz and Blackburn, a...10-22-2022, 11:18 PM -
Federal Trade Commission Chair and Commissioners Issue Unanimous Joint Statement | site |
Information contained in Federal Trade Commission (FTC) press release dated: October 13, 2022
Today FTC Chair Lina M. Khan, and Commissioners Noah Joshua Phillips, Rebecca Kelly Slaughter, Christine S. Wilson, and Alvaro Bedoya unanimously issued a joint statement in response to an article in the Wall Street Journal regarding FTC ethics:
“The Federal Trade Commission is composed of dedicated, honest career civil servants who provide a vital service to protect Americans from unlawful business practices. As commissioners, we frequently disagree with one another about policy questions. But we stand behind our career staff. We demand compliance with the FTC’s ethics rules, set clear expectations of staff behavior, and swiftly refer any violations of these rules to the proper authorities.”
10-22-2022, 04:52 PM -
Federal Reserve Board finalizes updates to the Board’s Rule concerning Debit Card Transactions | site | Information contained in Board of Governors of the Federal Reserve System press release dated: October 3, 2022 The Federal Reserve Board on Monday finalized updates to the Board's rule concerning debit card transactions. Pursuant to statute, the updates specify that debit card issuers should enable at least two payment card networks to process all debit card transactions, including "card-not-present" transactions, such as online payments.1 The final rule is substantially similar to the proposal issued last year. By law, the Board is required to make rules ensuring that debit card issuers give merchants the opportunity to choose between at least two unaffiliated networks when routing debit card transactions. When the Board initially issued the rule in July 2011, the market had not developed solutions to broadly support multiple networks for card-not-pr...10-22-2022, 03:36 PM
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Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: July 19, 2022
Michael S. Barr took the oath of office as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System on Tuesday. The oath was administered by Chair Jerome H. Powell in the press briefing room of the Board's Martin building.Chair Jerome H. Powell swears in Michael S. Barr on July 19, 2022 as Vice Chair for Supervision and a member of the Board of Governors of the Federal Reserve System.
President Biden nominated Mr. Barr on May 2, 2022, and he was confirmed by the United States Senate on July 13. His term as Vice Chair for Supervision ends on July 13, 2026, and his term as a member...07-19-2022, 02:01 PM -
Minutes of the Federal Open Market Committee, June 14-15, 2022
Information contained in Board of Governors of the Federal Reserve System press release dated: July 6, 2022
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14–15, 2022.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/moneta...ccalendars.htm
Minutes of the Federal Open Market Committee
June 14-15, 2022: HTML | PDF07-16-2022, 04:37 PM -
Federal Open Market Committee announces its tentative Meeting Schedule for 2023 | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: June 24, 2022
The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023:
January 31-February 1 (Tuesday-Wednesday)
March 21-22 (Tuesday-Wednesday)
May 2-3 (Tuesday-Wednesday)
June 13-14 (Tuesday-Wednesday)
July 25-26 (Tuesday-Wednesday)
September 19-20 (Tuesday-Wednesday)
October 31-November 1 (Tuesday-Wednesday)
December 12-13 (Tuesday-Wednesday)
January 30-31, 2024 (Tuesday-Wednesday)...07-01-2022, 04:33 PM -
Federal Trade Commission Launches Inquiry into Infant Formula Crisis | site |
Agency Seeks Public Comment on Attempts to Deceive Families and Factors that May Have Contributed to the Ongoing Shortage of Infant Formula
Information contained in Federal Trade Commission (FTC) press release dated: May 24, 2022
Today, the Federal Trade Commission staff launched an inquiry into the ongoing shortage for infant formula that has caused hardship for countless American families. The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage. It also aims to shed light on the factors that have led to concentration in the infant formula market and the fragility of the supply chains for these crucial products. FTC Chair Lina M. Khan released a statement in conjunction with...06-03-2022, 02:41 PM -
Minutes of the Federal Open Market Committee, May 3-4, 2022 | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 25, 2022
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on May 3–4, 2022.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee May 3-4, 2022: ...05-28-2022, 01:02 AM -
Julia Gordon Sworn in as Assistant Secretary for Housing and the Federal Housing Commissioner | site |
Information contained in U.S. Department of Housing and Urban Development press release dated: May 23, 2022
Washington - - Julia Gordon was sworn in on Friday, May 20, as the U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing and the Federal Housing (FHA) Commissioner. HUD Secretary Marcia L. Fudge issued the oath of office to Commissioner Gordon during a ceremony at HUD’s headquarters. Commissioner Gordon was confirmed by the Senate on May 12, 2022.
“I’m pleased to swear in Julia Gordon as HUD’s Assistant Secretary for the Office of Housing and the Federal Housing Commissioner,” said Secretary Fudge. “Julia is a respected leader with decades of experience working to create...05-28-2022, 12:43 AM -
Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 23, 2022
Jerome H. Powell on Monday took the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System. Chair Powell's oath was administered by Vice Chair LaelBrainard in the press briefing room of the Board's Martin building. President Biden re-nominated Mr. Powell in November 2021, and he was confirmed by the United States Senate on May 12, 2022. His new term as Chair ends on May 15, 2026, and his term as a member of the Board ends on Jan...Vice Chair Lael Brainard swears in Chair Jerome H. Powell on May 23, 2022 for his second term as Chair of the Board of Governors of the Federal Reserve System.
-05-27-2022, 01:43 AM -
Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels | site |
Information published in Federal Communications Commission (FCC) release dated: May 19, 2022
The FCC today announced the third of a series of virtual public hearings as part of its broadband consumer labels rulemaking proceeding. The hearing will take place May 25, 2022, at 1:30 p.m. ET and will be streamed free to the public at fcc.gov/live .
To view the Public Notice may be viewed at https://docs.fcc.gov/public/attachments/DA-22-556A1.pdf or press HERE
-05-23-2022, 05:47 PM -
Federal Reserve Board finalizes Rule that governs Funds Transfers over the Federal Reserve Banks' FedNow Service | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 19, 2022 The Federal Reserve Board on Thursday finalized a rule that governs funds transfers over the Federal Reserve Banks' FedNow℠ Service. The final rule is substantially similar to the proposal from last year, with a few clarifications in response to comments. The FedNow Service is a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and is expected to be available in 2023. The final rule provides a comprehensive set of rules governing funds transfers over the FedNow Service and provides legal certainty and clarity on the rights and obligations of parties to a transfer over the FedNow Service. ...05-23-2022, 05:15 PM -
Federal Railroad Administration Announces New Bipartisan Infrastructure Law Program to Guide Nationwide Expansion and Enhancement of Intercity Passenger Rail Service
| site |
Information contained in U.S. Department of Transportation press release dated: May 13, 2022 The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today established the new Corridor Identification and Development (ID) Program, which is the first step in an unprecedented undertaking to transform America’s passenger rail network through President Biden’s Bipartisan Infrastructure Law. The Corridor ID Program will establish a pipeline of projects ready for funding – allowing them to be implemented faster and with greater coordination than ever before. The program will serve as a key vehicle for directing federal investments and technical assistance toward new or improved intercity passenger rail services across the nation. "Americans...05-17-2022, 05:17 AM -
Plans for Reducing the Size of the Federal Reserve's Balance Sheet | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 4, 2022
Consistent with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly reducing the Federal Reserve's securities holdings.- The Committee intends to reduce the Federal Reserve's securities holdings over time in a predictable manner primarily by adjusting the amounts reinvested of principal payments received from securities held in the System Open Market Account (SOMA). Beginning on June 1, principal payments from securities held in the SOMA will be reinvested to the extent that they exceed monthly caps.
For Treasury securities, the cap will initially be set at $30 billion per month and after three months will...05-06-2022, 10:42 PM -
Federal Reserve issues Federal Open Market Committee (FOMC ) Statement
| site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 4, 2022 Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain. The invasion and related events are creating additional upward pressure on inflation and are likely to weigh on economic activity. In addition, COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. The Committee is highly att...05-05-2022, 03:59 PM -
Federal Communications Commission announces Tentative Agenda for May Open Meeting | site |
Information contained in Federal Communications Commission (FCC) press release dated: April 28, 2022
Washington, April 28, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel announced that the items below are tentatively on the agenda for the May Open Commission Meeting scheduled for Thursday, May 19, 2022:
Combatting Illegal Robocalls – The Commission will consider a Report and Order, Order on Reconsideration, and Further Notice of Proposed Rulemaking addressing foreign-originated and other illegal robocalls from multiple angles. (CG Docket No. 17-59; WC Docket No. 17-97)
Expanding Broadband Service Through the A-CAM Program – The Commission will consider a Notice of Proposed Rulemaking seeking comment on a proposal by the ACAM Broadband Coalition to achieve widespread deployment of 100/20...05-05-2022, 02:49 PM -
Federal Election Commission approves Advisory Opinion, Audit Division Recommendation Memorandum | site |
Information contained in Federal Election Commission (FEC) press release dated: April 28, 2022
Washington - - At its open meeting today, the Federal Election Commission unanimously approved an advisory opinion and an Audit Division Recommendation Memorandum.
Advisory Opinion 2022-02 (Steube) The Commission approved Advisory Opinion 2022-02 in response to a request from Rep. W. Gregory Steube and Steube for Congress, concluding that the proposed use of campaign funds for the purchase and installation of a locking steel security gate as part of the residential security system as specifically recommended by the requestor’s county sheriff’s office, and more generally by the Office of the House Sergeant at Arms, is permissible under the Federal Election Campaign Act of 1971, as amended (the Act,) and Commission regulations. ...05-05-2022, 01:27 AM -
Federal Trade Commission Enforces New Made in USA Rule against Lithionics and Owner Steven Tartaglia for Falsely Labeling Foreign-Made Batteries as American | site |
Order Requires Lithionics Battery LLC And Tartaglia To Pay Civil Penalty, Notify Consumers, and Stop Making Bogus Made in USA Claims
Information contained in Federal Trade Commission press release dated: April 13, 2022
The Federal Trade Commission (FTC) today used its authority under the Made in USA Labeling Rule, which took effect on Aug. 13, 2021, to bring a complaint against Lithionics Battery LLC and its owner, Steven Tartaglia for illegally misrepresenting that its lithium ion cells are made in the United States. The FTC’s complaint alleges that, since at least 2018, Lithionics has falsely labeled its battery products with an American flag image surrounded by the words “Made in U.S.A.,” often accompanied by the statement “Proudly Designed and Built in USA,”...04-16-2022, 05:01 PM -
Federal Election Commission approves three Notices of Disposition on Petitions for Rulemaking| site |
Information contained in Federal Election Commission (FEC) press release dated: March 24, 2022
Washington - - At its open meeting today, the Federal Election Commission approved three Notices of Disposition in connection with petitions for rulemaking.
REG 2012-01 (Electioneering Communications Reporting) - Draft Notice of Disposition Prior to the meeting, on March 21, the Commission approved by tally vote the Notice of Disposition of a Petition for Rulemaking by the Center for Individual Freedom. The Commission decided not to initiate a rulemaking in response to the petition, which asked that the Commission revise two regulations on the reporting of electioneering communications, because the regulatory changes sought have already been implemented in a separate rulemaking. R...04-11-2022, 09:27 AM -
Federal Communications Commission says Majority of U.S. States have joined FCC in Robocall Investigation Partnerships | site |
Alaska, California, Tennessee, Pennsylvania, and Washington State Sign New MOUs with FCC Enforcement Bureau
Information contained in Federal Communications Commission (FCC) press release dated: April 7, 2022
Washington, April 7, 2022 - - FCC Chairwoman Jessica Rosenworcel today announced five more state Attorneys General are partnering with the FCC in robocall investigations. With the majority of states having signed Memoranda of Understanding with the FCC’s Enforcement Bureau, Chairwoman Rosenworcel also reached out to the remaining states to invite them to establish their own bi-lateral robocall investigation partnership. “It shows that we are united when it comes to fighting robocalls—urban, rural, north, south, east, and west,” said Chairwoman Rosenworcel...04-11-2022, 05:09 AM -
Minutes of the Federal Open Market Committee, March 15-16, 2022 | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: April 6, 2022
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 15–16, 2022.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee March 15-16, 2022: ...04-06-2022, 10:55 PM -
Federal Communications Commission Chairwoman Rosenworcel announces Staff changes | site |
Information contained in Federal Communications Commission (FCC) press release dated: April 4, 2022 Washington, April 4, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel today announced additions to her leadership team. As of mid-April, Narda Jones will return to the FCC and assume the role of Chief of Staff. Effective today, Priscilla Delgado Argeris will serve as Chief Legal Advisor. “At a time when Congress has tasked the FCC with so many responsibilities, I am excited to welcome back Narda Jones to ensure we can meet our mission to connect everyone, everywhere. Her unique combination of skill, expertise, and record of service will be a major asset for my team and the agency as a whole,” said Chairwoman Rosenworcel. “It’s no secret that the FCC regularly handles some of the most complicated techni...04-05-2022, 07:51 PM -
U.S. Small Business Administration (SBA) Revises Small Business Size Standards in 16 Industrial Sectors to Increase Eligibility for Its Federal Contracting and Loan Programs | site |
Changes Will Expand Access to SBA Programs for 59,000 Small Businesses
Information contained in U.S. Small Business Administration (SBA) press release dated: April 4, 2022
Washington - - The U.S. Small Business Administration issued four final rules to modify revenues-based small business size standards in 16 North American Industrial Classification System (NAICS) sectors that will increase small business eligibility for SBA’s federal contracting and loan programs for approximately 59,000 additional firms. The final rules are part of the second five-year review of size standards, as required under the Small Business Jobs Act of 2010. As part of the review process, the SBA received more than 1,100 public comments during the proposed rule stage of th...04-05-2022, 02:29 AM -
Federal Reserve Board announces it will extend Comment Period for Proposal to Implement a Framework for the Supervision of certain Insurance Organizations overseen by the Board until May 5, 2022 | site |
Information contained in Board of Governors press release dated: March 25, 2022 The Federal Reserve Board announced on Friday that it will extend until May 5, 2022, the comment period for its proposal to implement a framework for the supervision of certain insurance organizations overseen by the Board. The Board extended the comment period to allow parties additional time to prepare comments. Originally, comments were due by April 5, 2022. The proposed framework would apply to any depository institution holding company that is an insurance underwriting company or that has over 25 percent of its consolidated assets held by insurance underwriting subsidiaries. It would also formalize a supervisory rating system for these companies and...04-04-2022, 10:13 PM -
Happening Today: Federal Emergency Management Agency's (FEMA’s) Podcast Relaunches with New Focus, Format | site |
Information contained in Federal Emergency Management Agency (FEMA) press release dated: April 1, 2022 Washington - - FEMA Administrator Deanne Criswell announced that FEMA is relaunching the agency’s podcast, “Before, During & After” across multiple platforms today. The podcast will offer a new format with information and insights tailored to the nation’s emergency management community. The first of the relaunched episodes is a one-on-one interview with Administrator Criswell, setting the stage with a robust discussion of the agency’s priorities in the years ahead. “It is FEMA’s priority to engage and empower all communities to help us become a more prepared and resilient nation,” Criswell said. “The podcast will provide listeners with insight into where emergency management is headed, how we are preparing tod...04-02-2022, 11:53 PM -
Federal Communications Commission expands List of Communications Equipment and Services that pose a Threat to National Security | site |
Adds AO Kaspersky Lab, China Telecom (Americas) Corp, and China Mobile International USA Inc.
Information contained in Federal Communication Commission (FCC) press release dated: March 25, 2022 Washington - - March 25, 2022—The Federal Communications Commission’s Public Safety and Homeland Security Bureau today added equipment and services from three entities – AO Kaspersky Lab, China Telecom (Americas) Corp, and China Mobile International USA Inc. – to its list of communications equipment and services that have been deemed a threat to national security, consistent with requirements in the Secure and Trusted Communications Networks Act of 2019. “Last year, for the first time, the FCC published a list of communications equipment and services that pose an unacceptable risk to national security, a...04-02-2022, 10:49 PM -
Federal Trade Commission Takes Action Against Multistate Auto Dealer Napleton for Sneaking Illegal Junk Fees onto Bills and Discriminating Against Black Consumers | site |
Napleton Auto will pay a record-setting $10 Million in case brought jointly with the State of Illinois
Information contained in Federal Trade Commission (FTC) press release dated: April 1, 2022
The Federal Trade Commission and the State of Illinois are taking action against Napleton, a large, multistate auto dealer group based in Illinois, for sneaking illegal junk fees for unwanted “add-ons” onto customers’ bills and for discriminating against Black consumers by charging them more for financing. Napleton will pay $10 million to settle the lawsuit brought by the FTC and the State of Illinois, a record-setting monetary judgment for an FTC auto lending case. “Working closely with the Illinois Attorney General, we are holding these dealerships accountable...04-02-2022, 10:17 PM -
IRS says it has $1.5 Billion in Refunds for People who have not Filed a 2018 Federal Income Tax Return; April deadline approaches | site |
Information contained in U.S. Internal Revenue Service (IRS) news release dated: March 25, 2022
Washington - - Unclaimed income tax refunds totaling almost $1.5 billion may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 Form 1040 federal income tax return, but people must act before the April tax deadline, according to the Internal Revenue Service. "The IRS wants to help people who are due refunds but haven't filed their 2018 tax returns yet," said IRS Commissioner Chuck Rettig. "But people need to act quickly. By law, there's only a three-year window to claim these refunds, which closes with this year's April tax deadline. We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline." The IRS estimates the midpoint for the potent...03-28-2022, 04:13 PM -
Federal Reserve Board approves Fee Schedule for Federal Reserve Bank Priced Services | site | (Information contained in Board of Governors of the Federal Reserve System press release dated: December 1, 2021) The Federal Reserve Board on Wednesday announced the approval of fee schedules, effective January 3, 2022, for payment services the Federal Reserve Banks provide to depository institutions, known as priced services. Overall, the Reserve Banks estimate that the price changes will result in a 3.7 percent average price increase. Increases in the fee schedule for 2022 are generally similar to previous years, except 2021 where fees other than the Check Services Participation Fee remained flat. The 2022 fee schedule for each of the priced services is available on the Federal Reserve Banks' financial services website at FRBservices.org®. The Reserve Banks project that they will recover 97.1 percent of their priced services costs in 2022. While the Reserve Banks do not expect to ful...12-04-2021, 10:28 PM
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Federal Communications Commission Inspector General Issues Advisory regarding EBB Enrollment Fraud site
(Information contained in Federal Communications Commission [FCC] press release dated: November 22, 2021) Washington, November 22, 2021 – In an Advisory issued today, the Office of Inspector General (OIG) of the Federal Communications Commission alerted EBB providers, beneficiaries, and the public to improper and abusive EBB program enrollments made in connection with the USDA National School Lunch Program’s Community Eligibility Provision (CEP). Providers’ sales agents are enrolling households in the EBB program by falsely claiming the household includes a dependent child who attends a CEP school. The Advisory provides examples where the number of EBB households enrolled based on CEP school participation vastly outnumber the students actually enrolled in those schools. OIG reminds all EBB providers that they are required to im...11-25-2021, 12:11 AM -
Randal K. Quarles submits Resignation as a Member of the Federal Reserve Board, effective at the end of December | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: November 8, 2021) Randal K. Quarles submitted his resignation Monday as a member of the Federal Reserve Board, effective at the end of December. He served as the Board's first Vice Chair for Supervision and has been a member of the Board since October 13, 2017. As Vice Chair for Supervision, he oversaw the supervision and regulation of financial firms in the Board's jurisdiction. He served simultaneously as Chair of the Financial Stability Board, or FSB, an international body established by the G20 to ensure the resilience of the global financial system. His three-year term as FSB Chair ends on December 2. In both positions, he played a central role in ensuring the safe operation of both the domestic and international financia...11-09-2021, 11:35 PM -
Minutes of the Federal Open Market Committee, September 21-22, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: October 13, 2021)
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 21–22, 2021.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/moneta...ccalendars.htm Minutes of the Federal Open Market Committee September 21–22, 2...10-13-2021, 05:53 PM -
Federal Reserve Board and Federal Open Market Committee release Economic Projections from the September 21-22 FOMC Meeting | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: September 22, 2021)
The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the September 21-22 meeting.
Projections | Accessible Materials...10-13-2021, 05:35 PM -
Federal Reserve issues Federal Open Market Committee Statement | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: September 22, 2021) The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed their recovery. Inflation is elevated, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path of the economy continues to depend on the course o...10-13-2021, 12:32 AM -
Secretary of the Treasury Yellen, Attorney General Garland and Secretary of the Department of Housing and Urban Development Fudge Sent Letter to Governors, Mayors and State Courts Urging Use of Emergency Rental Assistance Over Eviction | site |
(Information contained in U.S. Department of the Treasury press release dated: August 27, 2021)
Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen, Attorney General of the U.S. Department of Justice Merrick B. Garland, and Secretary of the Department of Housing and Urban Development Marcia L. Fudge sent a letter to state and local government leaders addressing the eviction moratorium.
The full text of the letter is available here and below. Governors, Mayors, County Executives, and Chief Justices/State Court Administrators: We are writing to request your urgent help preventing unnecessary evictions during the pandemic. Our bottom line is this: No one should ...09-08-2021, 11:38 AM -
Federal Communications Commission seeks Comments on Competitive Access to Broadband in Apartment and Office Buildings | site |
Tees Up Questions on Revenue Sharing Agreements Between Building Owners and Providers, and on Exclusive Wiring and Marketing Arrangements
(Information contained in Federal Communications Commission [FCC] press release dated: September 7, 2021) Washington, September 7, 2021 - - he Federal Communications Commission today announced it is inviting a new round of comments in a proceeding examining competitive access to broadband in apartment and office buildings. The new call for comments aims to better understand how the Commission can promote increased competition, consumer choice, and lower prices for Americans living and working in these buildings. “Across the country throughout the pandemic, the need for more and better broadband access has never been clearer,” said Acting Chairwoman Jessi...09-07-2021, 09:06 PM -
Federal Communications Commission acts to provide relief in Areas affected by Hurricane Ida | site |
Agency Extends Certain Regulatory and Filing Deadlines to Assist Consumers, Licensees and Communications Providers Affected by the Storm
(Information contained in Federal Communications Commission [FCC] press release dated: September 3, 2021) Washington, September 3, 2021 - - The Federal Communications Commission today took a series of actions to extend deadlines and waive rules to assist consumers, licensees and communications providers in Louisiana and Mississippi impacted by Hurricane Ida. “The FCC is working around the clock in coordination with government partners and industry to support the restoration of vital communications services after the destruction of Hurricane Ida,” said Acting Chairwoman Jessica Rosenworcel. “Today, we’re extending deadlines for our universal servi...09-04-2021, 05:04 PM -
Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Hurricane Ida | site |
Board of Governors of the Federal Reserve System
Conference of State Bank Supervisors
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
(Information contained in Board of Governors of the Federal Reserve System press release dated: August 30, 2021) The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their super...09-04-2021, 04:36 PM -
U.S. Department of Homeland Security to Serve as Lead Federal Agency Coordinating Efforts to Resettle Vulnerable Afghans | site |
Secretary Mayorkas Announces Robert J. Fenton, Jr. as Senior Response Official
(Information contained in U.S. Department of Homeland Security [DHS] press release dated: August 29, 2021) Washington - - President Biden has directed the Secretary of Homeland Security to have his department serve as the lead agency coordinating ongoing efforts across the federal government to resettle vulnerable Afghans, including those who worked on behalf of the United States. Secretary Alejandro N. Mayorkas announced that Robert J. Fenton, Jr. will lead the interagency Unified Coordination Group. The Unified Coordination Group will report directly to Secretary Mayorkas and will include a broad range of services throughout the resettlement process, from initial immigration processing, COVID-19 te...09-01-2021, 12:41 AM -
U.S. Secretary of Defense Lloyd J. Austin III's Call with German Federal Minister of Defense Annegret Kramp-Karrenbauer | site |
(Information contained in U.S. Department of Defense [DOD] press release dated: August 25, 2021)
Pentagon Press Secretary John F. Kirby provided the following information:
Secretary of Defense Lloyd J. Austin III spoke with German Federal Minister of Defense Annegret Kramp-Karrenbauer to exchange perspectives on the ongoing evacuation operations from Kabul. The principals noted strong cooperation and coordination among Allies, and agreed to remain in touch as the operation continued....08-27-2021, 11:36 PM -
Minutes of the Federal Reserve Board's Discount Rate Meetings on July 19 and July 28, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: August 24, 2021)
The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 19 and July 28, 2021.
The minutes are attached.
Attachment (PDF)...08-25-2021, 01:34 PM -
Federal Emergency Management Agency COVID-19 Funeral Assistance State-by-State Breakdown | site |
(Information contained in Federal Emergency Management Agency [FEMA] press release dated: August 23, 2021)
Washington - - FEMA has provided over $1.044 billion to nearly 159,000 people to assist with COVID-19-related funeral costs for deaths occurring on or after Jan. 20, 2020.
Eligibility determinations are not driven by state/location; instead, they are based on when the applicant submits all required documentation.
“Applications” in the below chart reflect the number of individuals who called to begin the assistance process.
Please find state-specific information below:
...08-24-2021, 05:47 AM -
Federal Emergency Management Agency Launches National Risk Index Update | site |
Full Application Now Available with More Customization and Reporting
(Information contained in Federal Emergency Management Agency [FEMA] press release dated: August 16, 2021)
Washington - - FEMA announced the full application launch of the National Risk Index, a new online resource that provides a clear, visual guide to natural hazard risks throughout the United States, and information to help communities to understand and reduce those risks, whether they involve flooding, wildfire, extreme heat, or drought. Developed with attention to the increased risks from climate change, and the need to develop new approaches to reduce those risks, this online mapping application provides simple measures of a community’s risk for 18 natural hazards. The online mapping application also measures resilience, social vulnerability and expecte...08-20-2021, 12:09 AM -
Federal Election Commission announces appointment of Charles Kitcher as Associate General Counsel | site |
(Information contained in Federal Election Commission [FEC] press release dated: July 15, 2021) Washington - - The Federal Election Commission has appointed Charles Kitcher as Associate General Counsel. Mr. Kitcher, whose appointment becomes effective July 18, oversees the Enforcement Division, which is the largest division of the Office of General Counsel. The 45-person Enforcement Division recommends to the Commission appropriate action to take with respect to administrative complaints and apparent violations of the Federal Election Campaign Act of 1971, as amended (the Act), investigates alleged violations, and negotiates conciliation agreements. Mr. Kitcher joined the Commission in December 2012 as a staff attorney in the Litigation Division. In August 2017, he was promoted to Acting Assistant General Counsel for Litigation and served in that role...08-19-2021, 08:51 PM -
Over 323,000 Federal Student Loan Borrowers to Receive $5.8 Billion in Automatic Total and Permanent Disability Discharges | site |
(Information contained in U.S. Department of Education press release dated: August 19, 2021)
Over 323,000 borrowers who have a total and permanent disability (TPD) will receive more than $5.8 billion in automatic student loan discharges due to a new regulation announced today by the U.S. Department of Education. The change will apply to borrowers who are identified through an existing data match with the Social Security Administration (SSA). It will begin with the September quarterly match with SSA. The Department is also announcing two other policy items related to TPD today. First, the Department will indefinitely extend the policy announced in March to stop asking these borrowers to provide information on their earnings —a process that results in the reinstatement of loans if and when borrowers...08-19-2021, 07:20 PM -
Federal Trade Commission Urges Federal Reserve Board to Require Debit Card Gatekeepers to Compete Fairly | site |
FTC says, "As mobile and electronic payments become the norm, Commission staff advocate for more competition to protect businesses and families from unfair fees"
(Information contained in Federal Trade Commission [FTC] press release dated: August 12, 2021)
The Federal Trade Commission announced that staff have submitted a comment urging the Board of Governors of the Federal Reserve System (the Fed) to clarify and strengthen the implementation of debit card fee and routing reforms to the Electronic Fund Transfer Act (EFTA) made under the Dodd-Frank Wall Street Reform Act of 2010 (Dodd-Frank).
According to a 2019 study, Americans use debit cards almost twice as often as credit cards. Merchants, including millions of small businesses, must pay fees to card issuers, usually banks, and card...08-19-2021, 12:48 AM -
Minutes of the Federal Open Market Committee, July 27-28, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: August 18, 2021)
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 27–28, 2021.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee July 27-28, 2021: ...08-18-2021, 04:19 PM -
Federal Reserve Board announces the Individual Capital Requirements for all large Banks, effective on October 1 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: August 5, 2021)
Following its stress test earlier this year, the Federal Reserve Board on Thursday announced the individual capital requirements for all large banks, effective on October 1. Those capital requirements ensure that the large banks tested will hold roughly $1 trillion in high-quality capital—enough to survive a severe recession and still be able to lend to households and businesses. Large bank capital requirements are in part determined by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The below table shows the total common equity tier 1, or CET1, capital requirements for each bank, which is made up of several components, including:...08-18-2021, 01:42 AM -
Federal Election Commission Approves Advisory Opinion - - Kelly - - Considers others| site |
(Information contained in Federal Election Commission [FEC] press release dated: July 15, 2021) Washington - - The Federal Election Commission today approved an advisory opinion and discussed and held over an advisory opinion request. The Commission was unable to reach consensus by the required four affirmative votes on a motion to amend a directive governing the content of regular staff reports to the Commission. Advisory Opinion 2021-06 (Rep. Robin Kelly/Democratic Party of Illinois) The Commission approved an advisory opinion in response to a request from Rep. Kelly and the Democratic Party of Illinois. Rep. Kelly was elected chair of the Democratic State Central Committee, which governs the Democratic Party of Illinois. The Commission concluded that the state party may raise funds in amounts and from sources prohibited by the Federal Election Campaign Act o...08-17-2021, 02:19 AM -
Federal Communications Commission Proposes Updating Numbering Rules to Fight Robocalls | site |
Seeks Comment on Rules to Deter Spoofed Robocalls, Protect National Security, Prevent Regulatory Arbitrage, and Promote Public Safety
(Information contained in Federal Communications Commission [FCC] press release dated: August 6, 2021) Washington, August 5, 2021 - - The Federal Communications Commission today approved a proposal seeking comment on how to modify its policies to reduce access to phone numbers by perpetrators of illegal robocalls. The proposed rules are part of ongoing Commission efforts to protect Americans from unwanted and illegal robocalls. The FCC is proposing to update its rules governing interconnected VoIP providers’ direct access to phone numbers to address problems that have arisen from the growth of widely available VoIP software that can allow bad actors to make spoofed robocal...08-17-2021, 01:54 AM -
Federal Emergency Management Agency's COVID-19 Funeral Assistance Tops $1 Billion
| site |
Applications for Funeral Assistance Remain Open to People in Need
(Information contained in Federal Emergency Management Agency [FEMA] press release dated: August 13, 2021)
Washington - - FEMA announced today it has provided over $1 billion in COVID-19 funeral assistance to support more than 150,000 applicants grappling with the financial stress and burden caused by the pandemic. Earlier this year, the agency began providing financial assistance for COVID-19-related funeral expenses. FEMA continues to accept applications to support underserved communities and encourages more to apply. “This pandemic has had an immense impact on our country,” said FEMA Administrator Deanne Criswell. “Too many people have lost family members, friends, co-workers and neighbors to COVID-19. FEMA's Funeral + + censored term replaced + ++ + censored term replaced + ++ + censored term replaced + +...08-14-2021, 10:43 PM -
U.S. Department of Housing and Urban Development Deputy Secretary Todman, Officials discuss $5.5 Million in Federal Disaster Recovery and Resilience Funds for Midland, Michigan | site |
(Information contained in U.S. Department of Housing and Urban Development press release dated: August 10, 2021)
Washington - - U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman today held a Zoom call to discuss the nearly $5.5 million in new federal disaster relief awarded by HUD to Midland, Michigan to assist in the city’s recovery from severe storms and floods in May 2020. The new Community Development Block Grant Declared Disaster Recovery Fund (DDR) money will help Midland communities rebuild and become more resilient to future disasters. Deputy Secretary Todman was joined on the call by Midland, Michigan Mayor Maureen Donker, Midland City Manager Brad Kaye, and Michigan State Housing Development Authority Acting Exec...08-14-2021, 03:35 PM -
Statement Regarding Repurchase Agreement Arrangements | site |
(Information contained in Board of Governors of the Federal Reserve System press release date: July 28, 2021) The Federal Open Market Committee on Wednesday announced the establishment of two standing repurchase agreement (repo) facilities—a domestic standing repo facility (SRF) and a repo facility for foreign and international monetary authorities (FIMA repo facility). These facilities will serve as backstops in money markets to support the effective implementation of monetary policy and smooth market functioning. Under the SRF, the Federal Reserve will conduct daily overnight repo operations against Treasury securities, agency debt securities, and agency mortgage-backed securities, with a maximum operation size of $500 billion. The minimum bid rate for repos under the facility will be set initially at 25 basis points, somewhat above the general level of overnight inte...08-13-2021, 05:15 PM -
Federal Reserve issues FOMC Statement | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: July 28, 2021) The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have shown improvement but have not fully recovered. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path of the economy continues to depend on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public...08-02-2021, 02:31 PM -
Federal Housing Administration Extends Single Family Eviction Moratorium | site |
Today’s announcement extends the eviction moratorium through September 30 for foreclosed borrowers and other occupants and notes expiration of the foreclosure moratorium on July 31.
(Information contained in U.S. Department of Housing and Urban Development [HUD] press release dated: July 30, 2021)
Washington - - The Federal Housing Administration (FHA) on July 30, 2021, announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, and noted the expiration of the foreclosure moratorium on July 31, 2021. This extension is part of President Biden’s announcement on July 29 that federal agencies will use their authority to extend their respective eviction moratoria through the end of September, which will provide continued protection for households living in federally-insured, single-family...08-02-2021, 01:20 PM -
Federal Communications Commission to Vote on designating Boston and Raleigh as Newest FCC Innovation Zones | site |
Boston and Raleigh Would Join New York City and Salt Lake City as Innovation and Research Test Beds for Advanced Wireless Technologies Like 5G and Open RAN
(Information contained in Federal Communications Commission (FCC) press release dated: July 14, 2021) Washington, July 14, 2021—FCC Acting Chairwoman Jessica Rosenworcel today proposed establishing Raleigh, North Carolina and Boston, Massachusetts as innovation zones to allow for advanced wireless communications and network innovation and research. These designations would, among other positive impacts, help spur the development and integration of 5G network technologies and open radio access networks, or Open RAN. Innovation zones are FCC-designated, city-scale test beds managed by the National Science Foundation’s Platforms for Advanced Wireless Research. If a...07-14-2021, 03:47 PM -
Federal Reserve Board announces it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional Month to July 30, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 25, 2021) The Federal Reserve Board on Friday announced it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to July 30, 2021. The extension is being made as an operational accommodation to allow additional processing time for banks, community development financial institutions, and other financial institutions to pledge to the facility any Paycheck Protection Program, or PPP, loans approved by the Small Business Administration through the June 30 expiration of the PPP program. The PPPLF extends term credit to financial institutions making PPP loans, accepting the PPP loans as collateral. The liquidity provided ...07-14-2021, 03:04 PM -
Federal Housing Administration takes steps to remove barriers to Homeownership for those with Student Loan Debt | site |
Updates to Single Family student loan monthly payment calculation expand access to FHA-insured mortgage financing for creditworthy individuals, particularly in communities of color
(Information contained in U.S. Department of Housing and Urban Development [HUD] press release dated: June 18, 2021)
Washington - - The Federal Housing Administration (FHA) on Friday announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color. The updated policy more closely aligns FHA student loan debt calculation policies with other housing agencies, helping to streamline...07-02-2021, 07:13 AM -
Federal Election Commission says District Court issues opinion in Ted Cruz for Senate, et al. v. FECFederal Election Commission says District Court issues opinion in Ted Cruz for Senate, et al. v. FEC | site |
(Information contained in Federal Election Commission [FEC] press release dated: June 3, 2021)
Washington - - A three-judge panel of the United States District Court for the District of Columbia on Thursday issued a Memorandum Opinion and Order in Ted Cruz for Senate, et al. v. FEC (Case No. 19-908), denying the Commission’s motion for summary judgment and granting the Plaintiffs’ motion for summary judgment.
On April 1, 2019, Ted Cruz for Senate and Senator Cruz filed suit against the Commission alleging that the limit on repayment of candidate loans at 52 U.S.C. § 30116(j) violates the First Amendment to the Constitution. The three-judge panel concurred....06-25-2021, 10:22 PM -
Federal Reserve Board releases results of annual Bank Stress Tests, which show that large Banks continue to have strong Capital Levels and could continue Lending to Households and Businesses during a severe Recession | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 24, 2021) The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession. "Over the past year, the Federal Reserve has run three stress tests with several different hypothetical recessions and all have confirmed that the banking system is strongly positioned to support the ongoing recovery," said Vice Chair for Supervision Randal K. Quarles. All 23 large banks tested remained well above their risk-based minimum capital requirem...06-25-2021, 12:07 PM -
Lina Khan Sworn in as Chair of the Federal Trade Commission | site |
(Information contained in Federal Trade Commission [FTC] press release dated: June 15, 2021)
Lina Khan was sworn in today as Chair of the Federal Trade Commission. President Biden named Khan, a Democrat, to a term on the Commission that expires September 25, 2024, and designated her as Chair. Khan was confirmed by the U.S. Senate on June 15, 2021. “It is a tremendous honor to have been selected by President Biden to lead the Federal Trade Commission,” said Chair Khan. “I look forward to working with my colleagues to protect the public from corporate abuse. I’m very grateful to Acting Chairwoman Slaughter for her outstanding stewardship of the Commission." Prior to becoming Chair of the FTC, Khan was an Associate Professor of Law at Columbia Law School. She also previously served as counsel to the U.S. House Judiciary Committee’s Subcommit...06-23-2021, 07:35 AM -
Federal Reserve Board extends Comment Period on Proposed Changes to Regulation II regarding Network Availability for Card-not-present Debit Card Transactions until August 11, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 22, 2021)
The Federal Reserve Board announced on Tuesday that it will extend until August 11, 2021, the comment period for its proposed changes to Regulation II (Debit Card Interchange Fees and Routing) that would clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases.
The Board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by July 12, 2021.
The Board's Federal Register notice is attached. ...06-23-2021, 05:40 AM -
Federal Communications Commission offers Guidance on Connected Care Pilot Program; Announces 36 newly approved Projects | site |
$100 Million Program Will Support Connected Care Service Across Country, Focus on Low-Income and Veteran Patients
(Information contained in Federal Communications Commission [FCC] press release dated: June 17, 2021) Washington, June 17, 2021 - - Today the Federal Communications Commission approved a Report and Order offering further guidance on the administration of its $100 million Connected Care Pilot Program, including guidance on eligible services, competitive bidding, invoicing, and data reporting for selected participants, which will enable applicants selected for the Pilot Program to begin their projects. Additionally, the FCC this week voted to approve 36 additional pilot projects for a total of over $31 million in funding. The newly selected Pilot projects join an initial set of 23 p...06-21-2021, 12:57 PM -
Federal Reserve Board and Federal Open Market Committee release Economic Projections from the June 15-16 FOMC Meeting | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 16, 2021)
The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the June 15-16 meeting.
Projections (PDF) | Accessible Materials...06-18-2021, 04:11 AM -
The Federal Communications Commission further strengthens Emergency Alerting | site |
(Information contained in Federal Communications Commission [FCC] press release dated: June 17, 2021) Washington, June 17, 2021 - - The Federal Communications Commission today adopted rules to improve the way the public receives emergency alerts on their mobile phones, televisions, and radios. The nation’s Emergency Alert System and Wireless Emergency Alerts help keep the public safe and informed and are of ever-increasing importance given the emergencies and disasters Americans have faced in recent years. In 2018, however, a false emergency alert in Hawaii mistakenly warned of an incoming ballistic missile and highlighted the need to improve these systems. The National Defense Authorization Act for Fiscal Year 2021 subsequently directed the Commission, in consultation with the Federal Emergency Management Agency, to adopt rules to strengthen emergency...06-17-2021, 10:11 PM -
Federal Reserve Board Chair Powell will host Town Hall with Educators August 2, 2021 at 4 p.m. EDT | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 17, 2021)
Federal Reserve Board Chair Jerome H. Powell will host a town hall with educators on August 2, 2021 at 4 p.m. EDT. During the event, Chair Powell will respond to questions asked by participants who will join the event virtually from across the country.
The event will be broadcast at federalreserve.gov and at youtube.com/federalreserve. Viewers can follow the Federal Reserve Board on Twitter at @FederalReserve, on Facebook at facebook.com/federalreserve, and join in on the discussion by using the hashtag: #FedTownHall....06-17-2021, 07:32 PM -
Federal Reserve announces the extension of its Temporary U.S. Dollar Liquidity Swap Lines with nine Central Banks through December 31, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 16, 2021) The Federal Reserve on Wednesday announced the extension of its temporary U.S. dollar liquidity swap lines with nine central banks through December 31, 2021. These arrangements were first announced on March 19, 2020 to ease strains in global dollar funding markets resulting from the COVID-19 shock and to mitigate the effect of such strains on the supply of credit to households and businesses, both domestically and abroad. Extensions to the facility through March 2021 and later through September 2021 were announced on July 29, 2020 and December 16, 2020, respectively. A further extension of the temporary swap lines will help sustain improvements in global U.S. dollar funding mar...06-17-2021, 03:22 AM -
Federal Emergency Management Agency Administrator Deanne Criswell Delivers Speech at National Hurricane Conference | site |
(Information contained in Federal Emergency Management Agency [FEMA] press release dated: June 16, 2021)
Washington - - Today, FEMA Administrator Deanne Criswell delivered a speech on hurricane and disaster preparedness at the National Hurricane Conference in New Orleans. Other speakers were Ken Graham, Director, National Hurricane Center, Miami; James Waskom, Director, Governor’s Office of Homeland Security and Emergency Preparedness, Baton Rouge, La.; and Kevin Guthrie, Director, Florida Division of Emergency Management, Tallahassee, Fla.
Below is the administrator’s speech as prepared for delivery. Good afternoon. It is a pleasure to be here – in person – with all of you today. I am so proud of this community because you embody the resilience this nation demonstrated during the last 18 mont...06-17-2021, 02:59 AM -
Federal Reserve issues Federal Open Market Committee Statement | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 16, 2021) The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely affected by the pandemic remain weak but have shown improvement. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path of the economy will depend significantly on the course of the virus. Progres...06-16-2021, 10:28 PM -
Federal Communications Commission announces Emergency Connectivity Fund Application Window will Open on June 29 | site |
FCC says Schools and Libraries Will Have 45 Days to Apply for Support to Aid Students Who Fall into the Homework Gap
(Information contained in Federal Communications Commission [FCC] press release dated: June 15, 2021) Washington, June 15, 2021 - - Today, FCC Acting Chairwoman Jessica Rosenworcel announced schools and libraries can begin to file applications on June 29 for the newly established $7.17 billion Emergency Connectivity Fund. Schools and libraries can apply for financial support to purchase laptops and tablets, Wi-Fi hotspots, modems, routers, and broadband connections for off-campus use by students, school staff, and library patrons. During this 45-day application filing window, which will run from June 29 to August 13, eligible schools and libraries can submit requests for funding to purchase el...06-16-2021, 03:21 AM -
U.S. Small Business Administration Announces Funding Competition to Organizations Providing Federal Procurement Training to Veteran Entrepreneurs | site |
(Information contained in U.S. Small Business Administration [SBA] press release dated: June 12, 2021)
Washington - - The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $500,000 to deliver federal procurement training to veteran and service-disabled veteran entrepreneurs. The application period begins today through July 12, 2021.
Up to two awardees will use the $500,000 in total funding to participate in the Veteran Federal Procurement Entrepreneurship Training Program (SB-OVVT-21-001) with grants from SBA’s Office of Veterans Business Development. Awards will be made for a base project period of 12 months, with three option periods of 12 months each. These funds will be used...06-16-2021, 02:41 AM -
Federal Communications Commission announces 3.45 GHz Band Auction Procedures | site |
5G Auction of Mid-Band Spectrum Set for October 2021
(Information contained in Federal Communications Commission [FCC] press release dated: June 9, 2021)
Washington, June 9, 2021—FCC Acting Chairwoman Jessica Rosenworcel today announced the latest step in making mid-band spectrum available for next generation wireless services, including 5G. In a Public Notice, the FCC’s Office of Economics and Analytics and the Wireless Telecommunications Bureau established the application and bidding procedures for Auction 110, the auction of spectrum in the 3.45 GHz band. Bidding is scheduled to start on October 5, 2021. “This is a critical step toward delivering on the promise of 5G,” said Rosenworcel. “This auction will bring us closer to 5G service that is fast, secure, resilient, and most importantly, available across the country. I want to t...06-11-2021, 07:48 PM -
Federal Reserve Board announces that Results from its Bank Stress Tests will be released on Thursday, June 24, at 4:30 p.m. EDT | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 7, 2021) The Federal Reserve Board announced on Monday that results from its bank stress tests will be released on Thursday, June 24, at 4:30 p.m. EDT. Stress tests help ensure that banks have adequate capital to absorb losses so that they can lend to households and businesses even in a severe recession. For the 2021 stress tests, the resilience of large banks is being tested against a hypothetical recession featuring a severe global downturn with substantial stress in commercial real estate and corporate debt markets. Banks with more than $100 billion in total consolidated assets are subject to the Board's stress tests. The smaller banks among those subject to the Board's stress test are only required to pa...06-10-2021, 06:45 AM -
Federal Communications Commission secures Life-saving Commitments from Wireless Carriers to deliver 911 Vertical Location Information Nationwide within seven Days | site |
FCC Reached Enforceable Settlements with AT&T, T-Mobile, and Verizon
(Information contained in Federal Communications Commission [FCC] press release dated: June 3, 2021) Washington, June 3, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced breakthrough agreements with America’s three largest mobile phone providers to start delivering vertical location information in connection with 911 calls nationwide in the coming days. This information will help first responders quickly locate 911 callers in multi-story buildings, which will reduce response times and ultimately save lives. The FCC adopted rules to improve location information for 911 wireless calls back in 2015. Those rules required nationwide wireless providers to deploy dispatchable location o...06-10-2021, 06:31 AM -
Federal Open Market Committee announces its tentative Meeting Schedule for 2022 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 4, 2021)
The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2022:
January 25-26 (Tuesday-Wednesday)
March 15-16 (Tuesday-Wednesday)
May 3-4 (Tuesday-Wednesday)
June 14-15 (Tuesday-Wednesday)
July 26-27 (Tuesday-Wednesday)
September 20-21 (Tuesday-Wednesday)
November 1-2 (Tuesday-Wednesday)
December 13-14 (Tuesday-Wednesday)
January 31-February 1, 2023 (Tuesday-Wednesday)...06-10-2021, 02:28 AM -
Federal Trade Commission Sends More Than $172 Million in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing | site |
FTC says more than two million consumers will receive refunds from FTC case alleging false promises of “same as cash” payment plans
(Information contained in Federal Trade Commission [FTC] press release dated: June 7, 2021) The Federal Trade Commission is returning more than $172 million to consumers who overpaid for merchandise they purchased using rent-to-own plans provided by Progressive Leasing. More than two million consumers will receive refund checks. The FTC’s complaint against the company, filed in April 2020, alleged that Progressive misled consumers about the true price of items purchased through its plans. Consumers who visited retailers to buy items such as furniture, jewelry, or cellphones frequently were told that Progressive’s payment plans were “same as cash” or “no int...06-10-2021, 01:01 AM -
Federal Emergency Management Agency says Pennsylvania Releases New Mapping Tool to Show Flood Risk | site |
(Information contained in Federal Emergency Management Agency [FEMA] press release dated: June 7, 2021)
Philadelphia - - The Commonwealth of Pennsylvania released a new mobile tool, https://pafloodrisk.psu.edu/home/index.html , that provides the latest flood mapping information. The new mapping tool, which can be used from a desktop computer, cell phone, or other mobile device, brings together data from FEMA and across the Commonwealth into one consolidated application. “This is a great way for the residents of Pennsylvania to learn about their flood risk in an easy-to-access application”, said Maurie Kelly, Director of Informatics at Penn State’s Institutes of Energy and the Environment. “Users just type in their address and can immediately see information about their location, print a report, or get a quick 3D visualiz...06-10-2021, 12:30 AM -
Federal Reserve Board announces Plans to begin Winding Down the Portfolio of the Secondary Market Corporate Credit Facility | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 2, 2021) The Federal Reserve Board on Wednesday announced plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that closed on December 31st, 2020. The SMCCF proved vital in restoring market functioning last year, supporting the availability of credit for large employers, and bolstering employment through the COVID-19 pandemic. SMCCF portfolio sales will be gradual and orderly, and will aim to minimize the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions for exchange traded funds and corporate bonds. The Federal Reserve Bank of New York, which manages the operations of the S...06-09-2021, 01:03 AM -
Federal Communications Commission says Emergency Broadband Benefit Program enrolls 2.3 Million Households in first 3 Weeks of Program | site |
Releases EBB public data tracking dashboard
(Information contained in Federal Communications Commission [FCC] press release dated: June 7, 2021) Washington, June 7, 2021 - - Today FCC Acting Chairwoman Jessica Rosenworcel announced the Emergency Broadband Benefit Program enrolled over 2.3 million households into the subsidy program initiated by Congress. Since mid-May, households in all 50 states, Washington, D.C., Puerto Rico, Virgin Islands and American Samoa were approved to receive a discount on their monthly internet bills and have selected a participating EBB provider to receive internet service at home. “I am thrilled to see that the great need for affordable broadband support is being met with over 2 million households enrolled in three short weeks. I’ve also said we nee...06-08-2021, 09:48 PM -
Federal Reserve Board issues Final Rule amending Regulation D with regard to Interest on Reserve Balances | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: June 2, 2021)
The Federal Reserve Board announced on Tuesday the approval of a final rule amending Regulation D to eliminate references to an interest on required reserves (IORR) rate and to an interest on excess reserves (IOER) rate and replace them with a single interest on reserve balances (IORB) rate. The final rule also simplifies the formula used to calculate the amount of interest to be paid on such balances and makes other minor conforming amendments. The final rule adopts the rule proposed by the Board on January 8, 2021 without change, and takes effect on Thursday, July 29, 2021.
Federal Register notice: Regulation D: Reserve Requirements of Depository Institutions...06-05-2021, 12:54 AM -
Federal Communications Commission Acting Chairwoman Rosenworcel announces Members of 911 Strike Force | site |
Advisory Committee Will Examine 911 Fee Diversion
(Information contained in Federal Communications Commission [FCC] press release dated: May 21, 2021)
Washington, May 21, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced the appointment of 17 members to the Commission’s newly created 911 Strike Force, which will meet for the first time on June 3, 2021. Acting Chairwoman Rosenworcel announced the creation of the Strike Force on February 17, 2021, and charged the group with studying the problem of 911 fee diversion—that is, the practice by some states and jurisdictions of using the 911 fees consumers pay on their phone bills for non-911 purposes—and reporting to Congress on how the Federal government can end this practice. “America’s 911 system needs an update for the digital age...05-29-2021, 10:28 PM -
Federal Reserve Board releases results of Survey of Senior Financial Officers at Banks about their Strategies and Practices for managing Reserve Balances| site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: May 20, 2021) The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances. The Senior Financial Officer Survey is used by the Board to obtain information about deposit pricing and behavior, bank liability management, the provision of financial services, and reserve management strategies and practices. The most recent survey was conducted in collaboration with the Federal Reserve Bank of New York between March 19, 2021, and April 2, 2021, and includes responses from banks that held approximately three quarters of total banking system reserve balances at the time of the survey. Information a...05-27-2021, 02:41 PM -
U.S. Small Business Administration Announces New HUBZones to Expand Federal Contracting Opportunities for Small Businesses | site |
(Information contained in U.S. Small Business Administration [SBA] press release dated: May 18, 2021) Washington - - The U.S. Small Business Administration’s Administrator Isabella Casillas Guzman today announced the expansion of HUBZone, a program that provides small businesses in low-income communities that hire low-income residents opportunities to compete in the federal marketplace. The announcement makes Illinois the first state to have the newly created Governor-Designated Covered HUBZones. “This expansion of HUBZone areas in Illinois is a big step in bringing rural and underserved communities into a national network of small businesses with access to valuable support resources and contracting programs to better leverage the federal marketplace,” said SBA Administrator Isabella Casillas Guzman. “We ...05-20-2021, 03:43 AM -
Federal Communications Commission demands two more Companies immediately stop facilitating allegedly Illegal Robocall Campaigns | site |
These Are the Third Tranche of Enforcement Bureau Cease and Desist Letters
(Information contained in Federal Communications Commission [FCC] press release dated: May 18, 2021) Washington, May 18, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced the latest FCC action to combat illegal robocalls and spoofing campaigns that target and defraud consumers. The FCC’s Enforcement Bureau sent cease and desist letters to VaultTel Solutions and Prestige DR VoIP demanding that they immediately cease carrying illegal robocall campaigns on their networks and report to the Commission the concrete steps they implemented to prevent a recurrence of these operations. “We need to use every tool we have to get these junk calls off of our networks,” said Rosenworcel. “From these new cease-and-desist letter...05-20-2021, 02:33 AM -
Minutes of the Federal Open Market Committee, April 27-28, 2021 | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: May 19, 2021)
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 27–28, 2021.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee April 27–28, 2021: ...05-19-2021, 05:13 PM -
Federal Communications Commission to hold Open Commission Meeting Thursday, May 20, 2021 | site |
The Federal Communications Commission (FCC) is scheduled to hold an Open Meeting on Thursday, May 20, 2021.
The Public Notice containing the Commission Meeting Agenda may be viewed at the following link location:
https://docs.fcc.gov/public/attachme...C-372424A1.pdf
or
Press HERE...05-18-2021, 07:45 PM -
Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: May 17, 2021)
In the fourth quarter of 2020, nearly one-fourth of adults said that they were worse off financially compared to a year earlier, reflecting the economic fallout and distress resulting from the global COVID-19 pandemic. The Federal Reserve Board's report, Economic Well-Being of U.S. Households in 2020, which was released on Monday, found a larger share of adults were worse off in 2020 than in previous years of the survey. This change occurred broadly across the population, but not all groups fared similarly. Despite the increase in the share of Americans doing worse off financially, most believed they were still at least doing "okay" financially overall. Seventy-five percent of adults were either doing okay or living comfortably in November, w...05-17-2021, 10:20 PM -
Federal Communications Commission to launch $7.17 Billion Connectivity Program | site |
New Program Provides Funding to Schools and Libraries Critical to Closing the Homework Gap
(Information contained in Federal Communications Commission [FCC] press release dated: May 11, 2021) Washington, May 10, 2021 - - The Federal Communications Commission today unanimously adopted final rules to implement the Emergency Connectivity Fund Program. This $7.17 billion program, funded by the American Rescue Plan Act of 2021, will enable schools and libraries to purchase laptop and tablet computers, Wi-Fi hotspots, and broadband connectivity for students, school staff, and library patrons in need during the COVID-19 pandemic. “Far too often, students, teachers, and library patrons lack the access they need to broadband and connected devices. This need has become even more apparent during these unprecedented times,” said Jessica Rosenworce...05-15-2021, 04:51 PM -
Federal Communications Commission Grants additional Rural Tribal Spectrum Licenses | site |
Mid-Band Spectrum Licenses Granted to Facilitate Providing Advanced Wireless Communications Like 5G to 40 Native Communities
(Information contained in Federal Communications Commission [FCC] press release dated: May 13, 2021) Washington, May 13, 2021 - - The FCC’s Wireless Telecommunications Bureau has granted an additional 40 spectrum licenses in the 2.5 GHz band to help connect rural Tribal communities. This valuable mid-band spectrum can be used for 5G and other advanced wireless services. “Wireless spectrum in the hands of the unserved and underserved is a powerful tool,” said FCC Acting Chairwoman Jessica Rosenworcel. “This is especially true for Tribes, which should have the opportunity to offer their communities the broadband access that is so critical for participation in the digital age. I am committed to continuing our efforts to make tha...05-14-2021, 05:26 AM -
U.S. Office of Personnel Management Announces Addition of Six Colleges and Universities to the Federal Academic Alliance, Bringing Total to 23 Colleges and Universities | site |
(Information contained in U.S. Office of Personnel Management press release dated: May 7, 2021)
Washington, D.C. - - Today, the Office of Personnel Management (OPM) announced the addition of six new academic agreements with post-secondary education institutions as part of the Federal Academic Alliance, bringing the total to 23 colleges and universities. OPM created The Federal Academic Alliance in 2014 to, provide federal employees access to post-secondary education at reduced tuition rates, as one of the many ways the agency is assisting the federal government with addressing critical skills gaps in mission critical occupations such as human resources, information technology, acquisitions, auditor (financial), economist, and positions related to Science, Technology,...05-14-2021, 04:50 AM -
Federal Trade Commission Returns Nearly $60 Million to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme| site |
FTC says funds for these payments come from the FTC’s settlements with Reckitt Benckiser Group and Indivior, Inc. who took advantage of their unique market position to scare consumers away from generic Suboxone tablets
(Information contained in Federal Trade Commission [FTC] press release dated: May 10, 2021)
The Federal Trade Commission is sending 51,875 payments totaling more than $59 million to consumers who were victims of an allegedly deceptive scheme by Reckitt Benckiser Group and Indivior, Inc. to thwart lower-priced generic competition with the branded drug Suboxone. The average paymentamount is $1,139. The payments will be mailed...
Courtesy: Federal Trade Commission05-14-2021, 04:26 AM -
Statement by U.S. Homeland Security Secretary Mayorkas on Charting New Course to Improve the Nation’s Cybersecurity and Protect Federal Government Networks | site |
(Information contained in U.S. Department of Homeland Security [DHS] press release dated: May 12, 2021) Today, Secretary of Homeland Security Alejandro N. Mayorkas released the following statement in support of President Biden’s Executive Order to improve our nation’s cybersecurity and protect federal government networks: “Recent cybersecurity incidents impacting SolarWinds, Microsoft, and Colonial Pipeline are a stark reminder that malicious cyber activity can significantly disrupt Americans’ daily lives and threaten our national security. Addressing these risks to our way of life is a shared responsibility that depends upon close collaboration between the public and private sectors. Today’s Executive Order will empower DHS and our interagency partners to modernize federal cyber...05-14-2021, 03:50 AM -
Federal Executive Boards Celebrate Public Service Recognition Week by Recognizing Employees Across the Country | site |
(Information contained in U.S. Office of Personnel Management [OPM] press release dated: May 4, 2021)
Each year Federal Executive Boards (FEBs) across the nation recognize federal employees who have made exceptional contributions in their community or the advancement of their agency’s mission. This year, OPM and the Partnership for Public Service are highlighting more than 300 awards winners from FY2020 and FY2021. To learn more about these recipients and their exemplary accomplishments, visit the FEB awards site. Award nominations are reviewed by leadership panels using a set criteria for the respective category: Leadership, Customer Service, Community Service, Diversity and Inclusion, Distinguished Lifetime Achievement, Distinguished Military/Military Support, Extraordinary Contributions in the Accomplishment of Agency M...05-13-2021, 03:14 AM -
Federal Communications Commission seeks Comment on Potential Impact of Global Semiconductor Shortage| site |
(Information contained in Federal Communications Commission [FCC] press release dated: May 11, 2021) Washington, May 11, 2021 - - The Federal Communications Commission today began seeking comment on the impact the continuing global shortage of semiconductors may have on the U.S. communications sector and on FCC initiatives. These semiconductor supply chain constraints have been acknowledged by the Administration and by Congress, and the U.S. government is taking steps to address these challenges. The FCC is particularly focused on the impact this shortage could have on the communications industry, agency initiatives, and the nation’s continued advancement in next-generation technologies that are key to our national and economic security. “At the FCC we are pursuing a proactive strategy to help build a more secure, resilient, and next-generat...05-11-2021, 06:34 PM -
Federal Reserve Board invites Public Comment on Proposed Changes to Regulation II regarding Network Availability for Card-Not-Present Debit Card Transactions | site |
Publishes a Biennial Report containing Summary Information on Debit Card Transactions in 2019
(Information contained in Board of Governors of the Federal Reserve System press release dated: May 7, 2021)
The Federal Reserve Board on Friday invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing) to clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases. The Board views these clarifications of Regulation II's existing requirements as necessary in light of information indicating that often only one network is enabled for such transactions. Additionally, the Board published today a bie...05-10-2021, 03:43 PM -
U.S. Department of Education Announces Richard Cordray as Chief Operating Officer of Federal Student Aid | site |
(Information contained in U.S. Department of Education press release dated: May 3, 2021) The U.S. Department of Education (ED) announced today that it has selected Richard Cordray as the Chief Operating Officer of Federal Student Aid. Cordray is the former Director of the Consumer Financial Protection Bureau and the former Attorney General of Ohio. Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965, including grants, work-study and loans for students attending college or career school. U.S Secretary of Education Miguel Cardona issued the following statement on Cordray's selection: "I am thrilled that Richard Cordray will be joining the Department of Education as the Chief Operating Officer of Federal Student Aid. It is critical that students and stude...05-07-2021, 12:51 AM -
Federal Trade Commission and the Consumer Financial Protection Bureau Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium | site |
Letters remind landlords of their obligations as part of the CDC’s moratorium
(Information contained in Federal Trade Commission [FTC] press release dated: May 3, 2021)
The acting heads of the Federal Trade Commission and Consumer Financial Protection Bureau (CFPB) have sent joint notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units, reminding them of their obligations under the ongoing national eviction moratorium put in place as a result of the ongoing COVID-19 pandemic. The moratorium, which was recently extended by the Centers for Disease Control and Prevention (CDC) until June 30, 2021, prohibits evictions in certain circumstances in order to keep people in their homes and prevent the spread of the disease...05-06-2021, 11:28 PM -
Federal Reserve Board invites Public Comment on Proposed Guidelines to Evaluate Requests for Accounts and Payment Services at Federal Reserve Banks | site |
(Information contained in Board of Governors of the Federal Reserve System press release dated: May 5, 2021) The Federal Reserve Board on Wednesday invited public comment on proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve Banks ("Account Access Guidelines"). Recent years have seen the introduction of new financial products and delivery mechanisms for traditional banking services, notably leveraging emerging technologies, including from institutions with novel types of banking charters designed to support such innovation. To facilitate these activities, some such institutions have requested access to the payments system offered by Federal Reserve Banks. To help achieve the goal of applying a transparent and consistent process for all access requests, as wel...05-06-2021, 08:04 PM -
U.S. Office of Personnel Management Releases Government-wide Results from 2020 OPM Federal Employee Viewpoint Survey | site |
Survey results show remarkable resilience of the federal workforce during a year of unprecedented hardship
(Information contained in U.S. Office of Personnel Management press release dated: April 26, 2021)
Washington, D.C. - - Today, the U.S. Office of Personnel Management (OPM) released the government-wide results of the 2020 OPM Federal Employee Viewpoint Survey (OPM FEVS), an organizational climate survey administered to the federal workforce to provide agencies a snapshot of how their employees view their current work environment and help inform future agency actions. The Governmentwide Management Report released today shows that during a year of unprecedented hardship, federal employees demonstrated remarkable resilience, continuing the critical work of the federal government on behalf...04-29-2021, 09:41 PM