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The Federal Housing Finance Agency (FHFA) has issued a final rule to update the rules for civil money penalties by adjusting them for inflation. This adjustment is in line with the Federal Civil Penalties Inflation Adjustment Act, ensuring penalties stay current with economic changes. The new penalty amounts will be effective from January 16, 2025, and apply to violations occurring on or after January 15, 2025. The FHFA will calculate penalties on a case-by-case basis, using a formula tied to changes in the Consumer Price Index, and these updates are mandated by law.

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.

The Securities and Exchange Commission published a notice about the Securities Investor Protection Corporation (SIPC) deciding not to adjust the maximum cash advance amount for customer claims. The SIPC Board of Directors determined that starting January 1, 2022, the maximum amount would remain at $250,000 per customer and not be increased to account for inflation. This decision was based on an analysis of economic conditions and historical data, suggesting that raising the limit would not significantly benefit customers. The public is invited to comment on this determination until February 17, 2021.

The National Credit Union Administration (NCUA) Board finalized a new rule allowing certain credit unions to issue subordinated debt to boost their regulatory capital. This rule primarily affects low-income designated credit unions, complex credit unions, and new credit unions. The final rule outlines several requirements such as amending the definition of "Accredited Investor," setting disclosure guidelines, and reviewing credit unions' applications to issue subordinated debt. Additionally, it includes changes aiming to safeguard both the credit unions and the National Credit Union Share Insurance Fund (NCUSIF) from increased financial risk.

The National Marine Fisheries Service (NMFS) proposes to implement Framework Adjustment 39 to the Atlantic Sea Scallop Fishery Management Plan for the 2025 and 2026 fishing years. This plan includes setting scallop catch limits, allocating fishing efforts, and modifying access area management to protect juvenile scallops. The adjustment also involves seasonal closures, area openings, and a research set-aside for scallop studies. The proposed rule aims to prevent overfishing, increase yield, and optimize the sustainability of scallop fisheries.

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to amend Regulation V, which implements the Fair Credit Reporting Act (FCRA). This proposal aims to better regulate data brokers by clearly defining when they are considered consumer reporting agencies under the law, especially concerning sensitive personal information that could affect credit eligibility. Key aspects include ensuring consumer reports are only used for permissible purposes and preventing misuse of aggregated or de-identified data. The rule also seeks public input on these changes to enhance privacy protections and address evolving market dynamics.

The Securities and Exchange Commission (SEC) has approved a proposed rule change allowing the NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF under a specific rule for Commodity-Based Trust Shares. This ETF will hold both bitcoin and ether based on their market capitalizations, aiming to provide exposure to these cryptocurrencies while covering operational expenses. The SEC's approval was granted on an accelerated basis after the exchange modified its proposal to ensure transparency and fair trading practices, aligning it with other similar exchange-traded products. The public is invited to submit comments on the proposal until February 26, 2025.

The Securities and Exchange Commission issued a temporary order allowing the Infinity Q Diversified Alpha Fund to halt redemptions beginning February 19, 2021, due to issues with accurately valuing certain assets. Infinity Q Capital Management, the Fund's adviser, cannot calculate a fair value for certain swap instruments after discovering irregularities in their valuation process, rendering them unable to determine the correct net asset value (NAV). The Fund plans to liquidate its portfolio to ensure current and former shareholders get maximum returns while developing plans for repayment and liquidation overseen by independent parties and the Commission.

The document is a notice from the Securities and Exchange Commission (SEC) regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT). This amendment aims to introduce limitation of liability provisions, which would limit any claims against the CAT LLC to the lesser of $500 or the total fees paid by CAT reporters in the case of a data breach. This move is intended to align with industry standards and prevent potentially high costs and litigation that do not contribute to improved data security. The document invites public comments on whether this proposed amendment is in line with the Exchange Act and appropriately manages the cyber risks involved in maintaining a large, sensitive database like the CAT.

The U.S. Department of Transportation (DOT) is seeking public feedback on potential new rules to protect airline passengers from financial losses caused by flight disruptions. These rules could require airlines to provide cash compensation, free rebooking, and amenities like meals and lodging when flights are significantly delayed or canceled due to reasons within the airline's control. The DOT is also considering how to ensure passengers quickly receive accurate information about their rights and options in these situations. The goal is to offer clear and automatic processes for passengers to obtain compensation and services, especially for travelers with disabilities who may face additional challenges.