Search Results for keywords:"final rule"

The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule that allows the Thrift Savings Plan (TSP) record keeper to calculate gains and losses on small contributions and loan payments, even if they are less than $1.00. This change updates a previous rule that did not account for these small amounts due to past limitations, which are now considered obsolete. The rule affects federal employees and members of the uniformed services involved in the TSP and ensures accurate financial records for all contributions, regardless of size. No significant economic impact on small entities is expected, and no additional reporting requirements are introduced.

The Environmental Protection Agency (EPA) has issued a final rule under the Toxic Substances Control Act (TSCA) to regulate hexachlorobutadiene (HCBD), a chemical deemed persistent, bioaccumulative, and toxic. This rule prohibits almost all manufacturing, processing, and distribution of HCBD and products containing it, except when HCBD is unintentionally produced as a byproduct in the creation of chlorinated solvents and when distributed for incineration as waste fuel. The rule aims to significantly reduce exposure to HCBD to protect human health and the environment, and it becomes effective on March 8, 2021.

The Consumer Financial Protection Bureau (CFPB) has updated the asset-size exemption threshold for banks, savings associations, and credit unions under the Home Mortgage Disclosure Act (HMDA) to $58 million for 2025, based on an average 2.9% increase in the Consumer Price Index. This change means that institutions with assets of $58 million or less as of December 31, 2024, will not have to collect certain data in 2025. The amendment, which eliminates the need for public comment due to its technical and non-discretionary nature, will take effect on January 1, 2025.

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that changes Regulation V of the Fair Credit Reporting Act (FCRA) to protect medical information in credit decisions. Previously, there was an exception allowing creditors to use medical debt information when deciding if someone qualifies for credit. With this new rule, creditors cannot use this information unless specific exceptions apply, and consumer reporting agencies are limited in what medical debt information they can share with creditors. This change aims to safeguard consumers' privacy and ensure medical information isn't wrongly used. The rule will become effective on March 17, 2024.

The Department of Defense has issued a final rule to adjust its civil monetary penalties (CMPs) for inflation. This adjustment is mandated by laws such as the Federal Civil Penalties Inflation Adjustment Act, which requires that penalties be increased annually to reflect changes in the consumer price index since 2015. The rule, effective January 15, 2025, applies to penalties assessed after the effective date but does not carry significant costs or impact small entities or governments. It ensures the penalties remain a deterrent and that the Department follows statutory requirements without needing public notice or comments.

The Bureau of Consumer Financial Protection issued a final rule to adjust civil penalties for inflation, as mandated by several federal acts. These adjustments are meant to maintain the effectiveness of penalties in promoting compliance with the law. The changes are technical and non-discretionary, following a statutory method, and they apply to penalties assessed from January 15, 2021, for violations occurring on or after November 2, 2015. The rule does not require a public comment process due to its technical nature.

The Environmental Protection Agency (EPA) has issued a rule to extend the deadline for submitting annual greenhouse gas (GHG) reports for 2024. Originally due on March 31, 2025, the reports are now due by May 30, 2025. This change is to provide more time for entities to submit their reports accurately, as the usual reporting software, e-GGRT, was delayed. The rule only modifies the deadline for 2024 and doesn't affect future years or alter reporting requirements.

The final rule from the United States Department of the Interior updates how the Federal government acknowledges Indian Tribes by allowing previously denied petitioners a chance to re-petition. This change responds to court decisions that found the prior re-petition ban to be arbitrary. Under the new rule, petitioners have five years to show new evidence or changes in regulations that could alter previous denial outcomes, though re-petitioning is still limited by certain conditions to balance fairness and finality interests. The rule aims to enhance fairness in recognizing Tribes while maintaining efficient administrative processes.

The Federal Housing Finance Agency (FHFA) has issued a final rule to adjust civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule is applied to various penalties under FHFA’s purview, including those related to flood insurance and program fraud. The adjustments are calculated based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). The adjustments are mandated by law, and the FHFA has determined it does not need to seek public comments on this rule.

In a final rule published on November 18, 2024, the Federal Motor Carrier Safety Administration (FMCSA) made corrections to its regulations by addressing two specific errors. The first correction involves handling a wrongly stayed section, with the agency providing new instructions to revise and stay that section until January 16, 2026. The second correction fixes a typographical error involving an incorrect reference in a section definition. These changes aim to improve clarity and consistency within the Federal Motor Carrier Safety Regulations.