Search Results for keywords:"regulatory uncertainty"

Found 2 results

Search Results: keywords:"regulatory uncertainty"

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  • 2020-28596 — Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs
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    Type:Rule
    Citation:86 FR 3762
    Reading Time:about 25 minutes

    The Bureau of Consumer Financial Protection has issued an Advisory Opinion to clarify rules under Regulation B of the Equal Credit Opportunity Act regarding special purpose credit programs. This opinion provides guidance to for-profit organizations on how to develop credit programs that serve specific social needs and explains what information must be included in programs' written plans. It aims to address regulatory uncertainties and encourage financial institutions to create programs that improve credit access for disadvantaged groups. The Advisory Opinion became effective on January 15, 2021.

    Simple Explanation

    The government made a rule to help companies create special loans for people who really need them, like people who usually have a hard time getting money from banks. This rule tells companies what they need to do if they want to make these special money programs to help more people.

  • 2021-00054 — Regulations Governing Take of Migratory Birds
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    Type:Rule
    Citation:86 FR 1134
    Reading Time:about 2 hours

    The U.S. Fish and Wildlife Service has finalized a rule specifying the scope of the Migratory Bird Treaty Act (MBTA). The rule clarifies that the MBTA's prohibitions on actions like pursuing, hunting, capturing, or killing migratory birds apply only to deliberate actions directed at these birds, their nests, or their eggs. It explains that the incidental harm or death of birds resulting from activities not aimed at them is not covered under this law. This decision aims to provide legal clarity and reduce regulatory uncertainty for industries and individuals.

    Simple Explanation

    The U.S. Fish and Wildlife Service made a new rule saying that people can only get in trouble for actions that are meant to harm birds or their eggs directly. This means if birds are accidentally hurt by humans while doing other things, those humans won't get into trouble under this rule.