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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.

The Securities and Exchange Commission (SEC) published a notice of a proposed rule change by MIAX PEARL, LLC, which operates an equities trading platform. This change involves updating their fee schedule to add more information regarding rebates for retail orders. This update is intended to clarify the rebates customers will receive when they make trades that add liquidity to the exchange. The proposal does not change the fees or rebates but aims to make the fee schedule easier to understand for users, ensuring transparency and reducing confusion.

The Securities and Exchange Commission has received a proposed rule change from The Nasdaq Stock Market LLC. This change would allow for a new trading halt feature for Exchange-Traded Products (ETPs) on their launch day, similar to the process used for IPOs. The proposed rule is designed to aid efficient price discovery and protect against unexpected volatility by enabling the ETP issuer to halt trading for a specified period before manually opening it. Nasdaq aims to implement this new feature by the second quarter of 2025.

The Securities and Exchange Commission has approved a rule change proposed by The Nasdaq Stock Market LLC. This change allows special purpose acquisition companies (SPACs) to be excluded from the requirement that at least 50% of a company's round lot holders must each hold unrestricted securities valued at a minimum of $2,500 at the time of the company's initial listing. Nasdaq believes that this rule is not necessary for SPACs, as their structure and investor base differ significantly from typical operating companies. The approval aims to align Nasdaq's standards more closely with those of other exchanges while ensuring investor protection and market liquidity.

MIAX Sapphire, LLC, an exchange, filed a Minor Rule Violation Plan (MRVP) with the Securities and Exchange Commission. This plan allows the exchange to handle minor rule violations internally, imposing fines up to $2,500 without needing formal disciplinary proceedings, provided they report these violations to the Commission quarterly. The Commission approved this plan, stating it supports efficient enforcement while maintaining compliance with important regulations. The MRVP includes certain rule violations that don't warrant formal proceedings, giving MIAX Sapphire flexibility in its enforcement actions.

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), part of the Department of Justice (DOJ), plans to submit an information collection request to the Office of Management and Budget. This request, in line with the Paperwork Reduction Act, aims to revise the collection of information for the ATF Citizens' Academy Application form. The revision includes updating the estimated number of respondents and their related time burden for completing the form, which has decreased from previous years. The public is invited to provide comments on the proposal, particularly concerning the accuracy, utility, and the reduction of respondent burden.

On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

The Department of Homeland Security and U.S. Citizenship and Immigration Services (USCIS) are asking for public feedback on their plan to update the H-1B Registration Tool, used for selecting registrations for H-1B visas. People have until February 16, 2021, to submit their comments on the proposal. The USCIS published this notice to comply with the Paperwork Reduction Act, enabling businesses and other interested parties to express their views on the necessity, accuracy, quality, and burden of the information collected. There is no cost to participate as the registration is an online process, and the estimated time for respondents is about 0.5 hours per submission.

The National Agricultural Statistics Service (NASS) is announcing its plan to revise and extend an information collection related to feral swine, as mandated by the 2014 Farm Bill. This survey aims to assess the damage caused by feral swine in several states to both crops and livestock, with past surveys indicating significant economic impact. NASS plans to gather data from farm and ranch operators via mail and phone, with a total estimated response burden of 9,700 hours annually. The survey supports a $20 million program to help states manage the rapidly growing population of feral swine. Public comments on this notice are invited until April 9, 2021.

The National Agricultural Statistics Service (NASS) of the USDA plans to revise and extend the Annual Organic Survey, as noted in a recent announcement. This effort seeks to align data collection with the Paperwork Reduction Act of 1995, focusing on organic agricultural practices and production. The survey will target certified organic operations, those exempt from certification, and those transitioning to organic certification across all states, with an estimated 27,000 operations contacted. Comments on the proposed information collection are being solicited to evaluate its necessity, accuracy, and potential burden on respondents.