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The National Highway Traffic Safety Administration (NHTSA) issued a final rule amending the Federal Motor Vehicle Safety Standard No. 208 to enhance seat belt warning systems. The rule requires new warnings for rear seats and updates existing ones for the driver and front passenger seats in vehicles weighing 10,000 pounds or less. It mandates that these warnings be visible and audible to encourage seat belt use, aiming to address safety concerns and reduce injuries and fatalities. These changes must be implemented by September 1, 2027, for rear seat warnings and by September 1, 2026, for front seat warnings, with manufacturers given two years to comply.

The Department of Defense has issued a notification of a proposed arms sale to Kazakhstan, which includes various military equipment such as Raytheon AST TITAN Communication Intelligence Sensor Suites, King Air B300ER Scorpion aircraft, and other related systems. The total estimated value of this sale is $128.1 million and aims to enhance Kazakhstan's defense capabilities, helping it to address regional threats and ensure border security. This deal supports U.S. foreign policy goals and has been found not to affect the military balance in the region or U.S. defense readiness. The primary contractor for this sale will be Sierra Nevada Corporation.

The National Highway Traffic Safety Administration (NHTSA) has introduced new safety standards, called FMVSS Nos. 307 and 308, aimed at ensuring the safe use of hydrogen as a fuel source in vehicles. These rules set performance requirements for hydrogen fuel systems and storage to reduce the risk of fires and explosions. While the rules apply to most hydrogen-fueled vehicles, they exclude certain types like those with cryo-compressed or solid-state hydrogen storage systems. The standards are designed to align with international regulations but include some U.S.-specific adjustments to ensure testing is clear and objective.

The Financial Industry Regulatory Authority, Inc. (FINRA) intends to rescind rules related to its OTC Bulletin Board Service due to its decline in usage and replace them with stricter standards for member-operated systems that update real-time quotations for over-the-counter equity securities. The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove this proposed rule change and invites public comments to ensure it meets legal standards aimed at preventing fraud and ensuring fair trading. Proposed changes include establishing policies to ensure reliable and accurate quotation dissemination and fair access to quoting services, among other responsibilities for member inter-dealer quotation systems.

The Bureau of Consumer Financial Protection shared its observations on how various financial services adjusted during the COVID-19 pandemic, as highlighted in this special edition of Supervisory Highlights. The report documents the Bureau's assessments in areas like mortgage, student loans, auto loans, credit cards, and more, noting challenges faced by these sectors and their responses to rapidly changing consumer needs. Many financial institutions struggled with increased consumer requests for assistance, inaccurate information dissemination, and operational adjustments, highlighting risks that could potentially harm consumers. The Bureau aimed to help these institutions recognize and address these risks to better protect consumers.

The National Highway Traffic Safety Administration (NHTSA) has issued a final rule to modify event data recorders (EDRs) requirements. The rule changes the duration and frequency at which EDRs record pre-crash data from 5 seconds at 2 Hz to 20 seconds at 10 Hz. These changes, effective by September 2027 for most manufacturers, aim to provide investigators with better data to understand vehicle crashes. The rule responds to a mandate by the Fixing America's Surface Transportation (FAST) Act and includes allowances for small-volume and limited-line manufacturers to comply by later dates.

The U.S. Department of Defense (DoD) has announced a proposed sale of military equipment to India, which includes 31 MQ-9B Sky Guardian aircraft and various other defense systems. The total estimated value of the sale is $3.99 billion, aiming to enhance India’s ability to conduct surveillance and reconnaissance missions. This sale is intended to bolster the strategic relationship between the U.S. and India and support security in the Indo-Pacific and South Asia regions. The transaction will not negatively impact U.S. defense readiness and does not require U.S. personnel to be stationed in India.

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) has proposed a rule change to introduce a new fee for its optional service called ClaimConnect. This service allows participants to match and settle cash claim transactions, like payment requests due to trading discrepancies, using a new system. The fee will charge $1.75 per side for matched claims, totaling $3.50 per transaction, to help cover DTC's costs for developing and operating the service. The new fees will be implemented starting January 1, 2021, and participants have the option to continue settling claims through their existing methods if they choose not to use ClaimConnect.

The United States Department of Justice, along with several states, filed a lawsuit against RealPage, Inc. and several landlord companies, claiming they violated antitrust laws. The lawsuit alleges that these companies used RealPage's software to share sensitive rental information to influence and align rental prices, reducing competition and leading to higher rents for tenants. As part of a proposed settlement, Cortland Management, one of the defendants, agreed to stop using RealPage's software and instead use its own revenue management system without sharing sensitive data. The settlement aims to prevent Cortland from engaging in similar anticompetitive behavior in the future.

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.