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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 Office of Refugee Resettlement (ORR) is asking the public to comment on a new plan for collecting information about unaccompanied children who have left their care. ORR aims to organize and refine the data collection process by grouping related forms and introducing new fields to help case managers track and support these children better. The changes focus on safely reconnecting children with sponsors and improving home study and post-release services. The public comment period is open until February 18, 2025, and ORR is especially interested in feedback on the effectiveness and practicality of the proposed changes.

The Federal Trade Commission has proposed a consent agreement which would settle claims against General Motors and OnStar for allegedly violating federal laws by unfairly and deceptively collecting and sharing precise geolocation and driver behavior data from vehicles without obtaining explicit consent from consumers. The Proposed Order includes measures such as prohibiting the use of geolocation data with consumer reporting agencies for five years, requiring clear consent from users before collecting or using such data, and allowing consumers to opt out of data collection. The public is invited to comment on this proposal until March 3, 2025.

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 Consortium for Battery Innovation (CBI) has filed updates with the Attorney General and the Federal Trade Commission about changes in its membership. Four new organizations, including Owens Corning from the Netherlands and Eastman Auto & Power LTD from India, have joined the consortium, while three organizations have left. CBI aims to limit antitrust plaintiffs' recovery to actual damages and plans to disclose further membership changes in the future. This filing is part of CBI's ongoing compliance with the National Cooperative Research and Production Act.

The U.S. Department of Commerce has made a preliminary decision that manufacturers in China are receiving financial support from their government for producing brake drums, which may hurt U.S. businesses. They have started an investigation covering the entire year of 2023 and are inviting feedback on this preliminary finding. The agencies involved are aligning this with a separate investigation to decide if these imports are leading to unfair competition in the form of undercutting U.S. businesses. The Commerce Department has also detailed the calculation methods for subsidy rates and invited public comments or requests for hearings on the findings.

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 Federal Aviation Administration (FAA) has proposed a new airworthiness directive for some Boeing 777 airplanes. This was prompted by an incident where a plane experienced a glideslope beam anomaly during landing, causing a higher-than-expected descent rate, which could mislead the flight crew. To address this issue, the FAA suggests installing new software to improve the autopilot flight director computer system and checking its configuration. The FAA is seeking comments on this proposed rule, which aims to prevent unsafe conditions that might lead to accidents.

The Office of Refugee Resettlement (ORR), part of the Administration for Children and Families (ACF) under the U.S. Department of Health and Human Services (HHS), is seeking public comments on a proposed information collection activity related to mental health care services for Unaccompanied Alien Children (UAC). This proposal includes several forms designed to assist in providing mental health care, such as initial evaluations and risk assessments, group counseling documentation, and referral forms. Comments are requested regarding the necessity, practicality, burden, and clarity of this information collection, and should be submitted within 60 days of the notice's publication.