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The Federal Trade Commission (FTC) has accepted a proposed consent agreement to address anticompetitive practices by Guardian Service Industries, Inc. The company was found to have used "No-Hire Agreements" that prevented other businesses from hiring its employees, which the FTC claims are unfair methods of competition under federal law. The proposed consent order will make these agreements void and includes measures to inform affected parties. Some FTC commissioners have expressed dissent, arguing that there was insufficient evidence of antitrust violations. The public can submit comments on this proposed agreement until January 6, 2025.

The Environmental Protection Agency (EPA) has issued a final rule extending the effective removal date of the 1-psi gasoline volatility waiver for Ohio and nine counties in South Dakota by one year, from April 28, 2025, to April 28, 2026. This decision comes in response to petitions from the governors of Ohio and South Dakota citing concerns over insufficient gasoline supply without the extension. Factors influencing this decision include infrastructure challenges in Ohio and a recent explosion at a key refinery in Wyoming affecting supply to South Dakota. The EPA's action ensures that gasoline remains available during the summer of 2025 while necessary adjustments are made.

MIAX Sapphire, LLC, a self-regulatory organization, has proposed changes to its fee schedule for three specific market data feeds: MIAX Sapphire Top of Market, MIAX Sapphire Complex Top of Market, and MIAX Sapphire Liquidity Feed. These fees will initially be waived for six months to encourage market participation. The proposed fees are structured to cover the costs associated with providing these data feeds and are intended to be competitive with fees charged by other exchanges for similar services. The proposal maintains that the fees are fair, reasonable, and non-discriminatory, applying consistently to all subscribers based on their use and distribution of the data.

The Environmental Protection Agency (EPA) is issuing a final rule under the Toxic Substances Control Act (TSCA) to limit the use of pentachlorothiophenol (PCTP), a chemical identified as persistent, bioaccumulative, and toxic. The rule prohibits manufacturing, processing, and distributing PCTP and PCTP-containing products if the concentration exceeds 1% by weight. This restriction aims to lower the availability and exposure of PCTP, thereby reducing the potential risks to human health and the environment. By enforcing these limits, the EPA encourages the use of safer alternatives and reduces environmental and human exposure to PCTP.

The Bureau of Industry and Security (BIS) issued a final rule to address national security risks related to connected vehicles, particularly those involving technology designed, developed, manufactured, or supplied by entities in China or Russia. The rule aims to regulate certain software and hardware that enable vehicle connectivity and automated driving systems. It requires vehicle manufacturers and importers to verify their supply chains and submit Declarations of Conformity to confirm compliance, with some options for specific or general authorizations to continue certain transactions otherwise prohibited. The rule is designed to protect U.S. infrastructure from potential threats associated with these technologies.

The Environmental Protection Agency (EPA) is proposing updates to the Standards of Performance for stationary combustion turbines and gas turbines to better control emissions of nitrogen oxides (NOX) and sulfur dioxide (SO2). Based on a review required by the Clean Air Act, these amendments aim to establish new subcategories and lower NOX emission limits by using improved technologies like post-combustion selective catalytic reduction (SCR). These changes are expected to reduce environmental impacts, particularly for new and reconstructed turbines, and address concerns about turbines that may co-fire with hydrogen. The proposal also considers public comments and suggestions regarding technical updates and regulatory simplifications.

The Department of Labor has granted an exemption to the Boilermakers Western States Apprenticeship Fund, allowing it to purchase a property in Page, Arizona, from Lodge 4, despite restrictions under the Employee Retirement Income Security Act of 1974 (ERISA). This decision was made to avoid the costs and time of relocating the Plan's training program and because the property is already modified for this purpose. An independent fiduciary will ensure that the property is bought at fair market value, adhering to all necessary conditions. The purchase will help maintain the training program and provide administrative space for the Plan's headquarters.

The Consumer Financial Protection Bureau (CFPB) issued a circular addressing whether credit card issuers or their partners can violate the law by lowering the value of rewards or making it hard for consumers to redeem them. According to the CFPB, such actions might be unfair, deceptive, or abusive, especially if rewards are reduced, canceled, or denied due to unclear conditions. The circular also warns that technical issues affecting the redemption of rewards could be considered unlawful. This guidance aims to ensure that financial practices are fair and transparent for consumers.

The Board of Governors of the Federal Reserve System is making changes to financial reporting requirements for holding companies and Edge corporations. These updates include revising the definitions and reporting instructions related to savings deposits and including new temporary data items associated with the CARES Act and the Paycheck Protection Program Liquidity Facility (PPPLF). The Board also plans to address concerns about consistency across different reports, such as ensuring that savings deposits are consistently classified in the Call Report and other financial statements. Additionally, they have issued clarifications for recording uncollectible accrued interest, shared fees from securities-related activities, and pledged equity securities.

The Consumer Financial Protection Bureau (CFPB) has issued a final rule to identify larger participants in the market for digital consumer payment apps, like digital wallets and payment apps used for personal payments. A nonbank must manage at least 50 million transactions annually and not be a small business to qualify as a larger participant and fall under CFPB supervision. This new rule, effective January 9, 2025, will not add new consumer protection obligations but will help the CFPB monitor compliance with federal consumer financial laws and assess risks to consumers. The rule follows a public comment phase and consultation with other federal agencies.