Search Results for citation:"89 FR 106480"

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Search Results: citation:"89 FR 106480"

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  • 2024-31013 — Information Collection Being Reviewed by the Federal Communications Commission
    Type:Notice
    Citation:89 FR 106480
    Reading Time:about 3 minutes

    The Federal Communications Commission (FCC) is seeking public comments on a new information collection related to the IoT Cybersecurity Labeling Program. This is part of the FCC's efforts to reduce paperwork, as mandated by the Paperwork Reduction Act. The program aims to provide consumers with accessible information about the security of IoT products they are considering purchasing. The FCC wants feedback on the necessity, accuracy, and potential burdens of the information collection process, and comments should be submitted by February 28, 2025.

    Simple Explanation

    The FCC wants people to share their thoughts on a new program that helps them know how safe smart devices are before buying them. They’re asking if this program is needed, how it works, and if it’s easy for everyone, especially smaller businesses, to take part.

  • 2024-30849 — Community Reinvestment Act Regulations Asset-Size Thresholds
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    Type:Notice
    Citation:89 FR 106480
    Reading Time:about 5 minutes

    The Federal Reserve System and the Federal Deposit Insurance Corporation have announced new asset-size thresholds for categorizing banks under the Community Reinvestment Act for 2025. Starting January 1, 2025, a "small bank" is defined as one with assets less than $1.609 billion, while an "intermediate small bank" is one with assets between $402 million and $1.609 billion, based on the inflation-adjusted increase of 2.91% in the Consumer Price Index. These changes will remain in effect through December 31, 2025.

    Simple Explanation

    The Community Reinvestment rules tell banks how big or small they are supposed to be based on their money size. Starting in 2025, a "small bank" has less than $1.609 billion, and an "intermediate small bank" has between $402 million and $1.609 billion.