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The Consumer Financial Protection Bureau has amended Regulation Z, which implements the Truth in Lending Act, to introduce a new exemption so certain depository institutions and credit unions no longer need to create escrow accounts for higher-priced mortgage loans. To qualify for this exemption, institutions must have assets of $10 billion or less and fewer than 1,000 such loans from the previous year, and meet other criteria like operating in rural or underserved areas. The final rule, effective February 17, 2021, aims to reduce regulatory burdens on smaller institutions while maintaining consumer protection standards.

The Department of Education is inviting applications for the 2025 fiscal year for Charter School Program (CSP) Grants to State Entities. These grants are designed to support and expand high-quality charter schools across the U.S. by helping state entities open new charter schools, replicate successful ones, and provide necessary resources and technical assistance. Applications open on January 21, 2025, with a submission deadline of April 21, 2025, and a review deadline of June 20, 2025. The initiative aligns with the Department’s goal to improve educational opportunities and outcomes, particularly for underserved students.

The Western Area Power Administration (WAPA), under the Department of Energy, has issued a notice confirming and approving new Provisional Formula Rates for various services associated with the Central Valley Project. These rates, effective from March 25, 2021, to December 2024, cover Energy Imbalance Market (EIM) Services, Sale of Surplus Products, and updates to existing Energy Imbalance and Generator Imbalance services. The new rates aim to align WAPA’s practices with broader energy markets, manage costs efficiently, and ensure fair pricing for energy services in the Sierra Nevada Region.

The National Marine Fisheries Service (NMFS) has issued a final rule to implement measures for minimizing salmon bycatch in the Pacific Coast groundfish fishery. These measures aim to reduce the incidental catch of Endangered Species Act-listed Chinook and coho salmon. The rule introduces new management tools, including specific area closures and gear requirements, and establishes conditions under which fishery participants can access a Chinook salmon bycatch reserve. The rule also allows for the creation of Salmon Mitigation Plans (SMPs) by groups of fishing vessels to help manage bycatch while providing certain flexibilities to the industry.

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 U.S. Fish and Wildlife Service is proposing to classify the monarch butterfly as a threatened species under the Endangered Species Act. They aim to designate critical habitat areas, particularly in California, to protect these butterflies. Additionally, they plan to allow certain activities, like habitat restoration and conservation efforts, even if they might unintentionally harm some butterflies. Public comments on the proposal will be accepted until March 12, 2025, and informational meetings are scheduled to discuss the details further.

The Consumer Financial Protection Bureau (CFPB) is proposing a new rule to prevent the use of unfair terms in contracts for consumer financial products, such as credit cards and loans. This proposal aims to stop businesses from including terms that waive consumers' legal rights, allow companies to unilaterally change contracts, or prevent consumers from expressing their opinions about the services. Additionally, the rule will officially codify prohibitions from an existing Federal Trade Commission rule that limits certain unfair credit practices. The CFPB is inviting public comments on these proposed changes until April 1, 2025.

The Food and Drug Administration (FDA) is updating the definition of the term "healthy" as it applies to food labeling to align with current nutrition science and dietary guidelines. This new rule outlines what food manufacturers must meet to label their products as "healthy," focusing on food groups and limiting certain nutrients like added sugars, saturated fats, and sodium. The rule aims to help consumers make better choices for maintaining a nutritious diet and to reduce diet-related chronic diseases. It is designed to ensure that foods labeled as "healthy" provide accurate and helpful information, promoting overall health and nutrition equity.

The Federal Trade Commission (FTC) has introduced a final rule called the Rule on Unfair or Deceptive Fees. This rule aims to prevent businesses from misleading consumers about the prices of live-event tickets and short-term lodging. It requires businesses to clearly disclose the total price that includes all mandatory fees, to avoid bait-and-switch tactics that hide the real cost. The rule also prohibits businesses from lying about the nature, purpose, amount, or refundability of these fees, ensuring that consumers have a true understanding of the cost before making a purchase.

The Public Company Accounting Oversight Board (PCAOB) has introduced proposed rules requiring certain registered public accounting firms to report firm- and engagement-level metrics on their audit practices. These metrics will provide stakeholders like investors and audit committees with valuable insights into audit processes, helping them make informed decisions. The metrics cover areas such as partner and manager involvement, workload, training, and retention of audit personnel. The PCAOB believes this initiative will enhance investor protection and foster transparency by offering more consistent and comparable information about audits and auditors.