Search Results for keywords:"transparency and oversight"

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Search Results: keywords:"transparency and oversight"

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  • 2024-29992 — Combined Federal Campaign: Authorization of Short-Term Regulatory Variation
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    Type:Rule
    Citation:89 FR 102696
    Reading Time:about 4 minutes

    The Office of Personnel Management (OPM) is temporarily changing some rules for charities participating in the Combined Federal Campaign (CFC), the largest workplace charity campaign. For 18 months starting on December 18, 2024, OPM is easing financial audit requirements to help charities with annual revenues of $1 million or less. Charities with revenues between $750,000 and $1 million from CFC donations will have fewer stringent requirements. OPM aims to attract more charities and donors by reducing these financial hurdles.

    Simple Explanation

    The Office of Personnel Management is letting smaller charities in a big federal charity campaign follow fewer strict money rules for a year and a half, hoping more charities will join and people will want to give more. But some are worried this might make it harder to keep track of how the money is used.

  • 2025-03545 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 11322
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from certain companies seeking approval to become bank holding companies or to acquire control of banks or other bank holding companies. These applications are filed under the Bank Holding Company Act of 1956 and other relevant regulations. Interested individuals can inspect the applications at the relevant Reserve Banks or the Board of Governors and submit comments until April 4, 2025. One specific application involves Battle Financial, Inc. from Edwards, Colorado, which seeks to acquire Stearns Bank of Upsala, National Association in Minnesota.

    Simple Explanation

    The Federal Reserve is checking if some companies can buy or join together with other banks, like how kids might join clubs. People can look at these plans and share their thoughts until April 4, 2025, but they're not allowed to change any personal info for privacy.