Search Results for keywords:"competition"

The Consumer Financial Protection Bureau (CFPB) is inviting credit card issuers to voluntarily submit data on credit card prices and availability. This information can be provided through the CFPB's Terms of Credit Card Plans (TCCP) Survey, which aims to improve transparency and help consumers compare credit card offers. The initiative seeks to create competition and empower consumers to make informed choices, with the ultimate goal of updating the TCCP Survey to enhance its usefulness for the public. Credit card issuers can begin participating by visiting the provided CFPB website.

The U.S. International Trade Commission is asking for public feedback on a recent decision by an administrative law judge regarding potential violations related to certain oil vaporizing devices and similar products. The Commission is evaluating whether to implement orders that could stop these devices from being sold in the U.S. if a violation is confirmed. They are particularly interested in how these potential orders might affect public health, safety, competition, and consumers in the U.S. Interested parties can submit their opinions by April 7, 2025, considering aspects like the availability of similar products made in the U.S. and the impact on consumers.

EnCap Investments L.P., Verdun Oil Company II LLC, XCL Resources Holdings, LLC, and EP Energy LLC have petitioned the Federal Trade Commission (FTC) to change and remove certain prior approval requirements in a decision made on September 13, 2022. The companies argue that these requirements are unnecessary since they no longer operate in the affected area and claim the regulations negatively impact competition and investment. They also highlight significant changes in the competitive landscape of the Uinta Basin, such as increased production and changes in market participants. The FTC is seeking public comments on this petition until April 30, 2025.

The Federal Trade Commission (FTC) has proposed a consent agreement involving E. & J. Gallo Winery and Constellation Brands to address potential antitrust issues from Gallo's acquisition of some Constellation assets. The agreement includes several actions to maintain competition, such as Constellation divesting some of its brands and maintaining certain others. These actions are intended to prevent reduced competition in markets for sparkling wine, brandy, port, sherry, and high color concentrates. The public can comment on this agreement until February 4, 2021.

The Securities and Exchange Commission has received a proposed rule change from NYSE Arca, Inc. to amend its options fee schedule. The change aims to lower the cap on fees for certain options strategy executions from $1,000 to $200 for OTP Holders trading at least 25,000 monthly contract sides. This move is intended to motivate OTP Holders to increase their trading volume on the Exchange, which could enhance market depth, tighten bid-ask spreads, and improve price discovery. The Exchange believes this proposal encourages competition by making NYSE Arca a more attractive venue for strategy executions.

Cboe BZX Exchange, Inc. has proposed a new rule to amend its fee schedule by introducing a monthly fee of $350 for each additional Market Participant Identifier (MPID) a member uses, while the first MPID remains free. This change aims to align fees with the benefits received by members using multiple MPIDs and is designed to promote efficient use of these identifiers. The proposal emphasizes competition among exchanges and states that many options are available for trading, meaning the fee is not overly burdensome. The Securities and Exchange Commission is soliciting public comments on this proposed rule change.

The Securities and Exchange Commission received a proposed rule change from the Depository Trust Company (DTC) regarding updates to its Clearing Agency Operational Risk Management Framework. This proposal involves changing group names and making other minor edits to improve clarity. The changes will not affect competition and are designed to enhance the understanding of operational risk management processes without altering compliance with existing rules. Public comments are invited until January 13, 2025, and all feedback will be publicly accessible.

The Federal Communications Commission has issued a new rule that changes several unbundling and resale requirements for telecommunications services. The rule eliminates certain obligations that require incumbent local exchange carriers (LECs) to offer unbundled access to their network elements, such as loop and transport facilities, where there is sufficient evidence of competition. The rule also ends the Avoided-Cost Resale requirements, which previously allowed competitive carriers to resell services at discounted rates, except for 911/E911 databases and operations support systems used for remaining obligations. The decision aims to encourage the transition to next-generation networks and services by removing outdated regulations where competition now exists.

The NYSE Arca, Inc. has proposed a rule change to the Securities and Exchange Commission to amend its Rules 7.31-E and 7.37-E. This change would provide an optional routing strategy for orders on the exchange. The proposal became effective immediately upon filing because it does not significantly affect investor protection, the public interest, or impose any substantial burden on competition. The SEC is inviting public comments on this proposal, which should be submitted by April 7, 2025.