, 21949-21950 [2010-8941]
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Monday,
April 26, 2010
Part XIX
Federal Reserve
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Semiannual Regulatory Agenda
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Federal Register / Vol. 75, No. 79 / Monday, April 26, 2010 / Unified Agenda
FEDERAL RESERVE SYSTEM (FRS)
Comments should be
addressed to Jennifer J. Johnson,
Secretary of the Board, Board of
Governors of the Federal Reserve
System, Washington, DC 20551.
ADDRESSES:
FEDERAL RESERVE SYSTEM
12 CFR Ch. II
Semiannual Regulatory Flexibility
Agenda
AGENCY: Board of Governors of the
Federal Reserve System.
ACTION: Semiannual regulatory agenda.
FOR FURTHER INFORMATION CONTACT: A
staff contact for each item is indicated
with the regulatory description below.
The Board
is publishing its spring 2010 agenda as
part of the spring 2010 Unified Agenda
of Federal Regulatory and Deregulatory
Actions, which is coordinated by the
Office of Management and Budget under
Executive Order 12866. The agenda also
identifies rules the Board has selected
for review under section 610(c) of the
Regulatory Flexibility Act, and public
comment is invited on those entries.
The complete Unified Agenda will be
available to the public at the following
website: www.reginfo.gov. Participation
SUPPLEMENTARY INFORMATION:
The Board is issuing this
agenda under the Regulatory Flexibility
Act and the Board’s Statement of Policy
Regarding Expanded Rulemaking
Procedures. The Board anticipates
having under consideration regulatory
matters as indicated below during the
period May 1, 2010, through October 31,
2010. The next agenda will be published
in fall 2010.
DATES: Comments about the form or
content of the agenda may be submitted
any time during the next 6 months.
SUMMARY:
by the Board in the Unified Agenda is
on a voluntary basis.
The Board’s agenda is divided into
three sections. The first, Proposed Rule
Stage, reports on matters the Board may
consider for public comment during the
next 6 months. The second section,
Final Rule Stage, reports on matters that
have been proposed and are under
Board consideration. And a third
section, Completed Actions, reports on
regulatory matters the Board has
completed or is not expected to consider
further. Matters begun and completed
between issues of the agenda have not
been included.
A dot (•) preceding an entry indicates
a new matter that was not a part of the
Board’s previous agenda and which the
Board has not completed.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
Federal Reserve System—Proposed Rule Stage
Sequence
Number
Title
Regulation
Identifier
Number
410
Regulation Z—Truth in Lending Act (Docket Number: R-1366) ...................................................................................
7100–AD33
Federal Reserve System (FRS)
Proposed Rule Stage
410. REGULATION Z—TRUTH IN
LENDING ACT (DOCKET NUMBER:
R–1366)
erowe on DSK5CLS3C1PROD with PROPOSALS
Legal Authority: 15 USC 1601 et seq
Abstract: The Federal Reserve
proposed for comment amendments to
Regulation Z (Truth in Lending) that
would revise disclosure requirements
for closed-end loans secured by real
property or a dwelling. The proposed
rules would require creditors to provide
certain disclosures at application about
risky loan features and adjustable-rate
mortgages. Three days after application,
consumers would receive disclosures
summarizing key loan features
including the annual percentage rate
and finance charge, which would be
revised to be a more comprehensive
VerDate Nov<24>2008
12:38 Apr 23, 2010
Jkt 220001
measure of the cost of credit.
Consumers would receive a final
disclosure of loan terms three days
before loan consummation. Certain new
periodic disclosures would be required
after consummation. In addition, the
proposal would prohibit certain
payments to mortgage brokers and loan
officers that are based on the loan’s
terms and conditions, and prohibit
steering consumers to transactions that
are not in their interest to increase
compensation received. New rules
regarding eligibility restrictions and
disclosures for credit insurance and
similar products would apply to all
closed-end and open-end credit
transactions.
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Timetable:
Action
Date
FR Cite
Board Requested
08/26/09 74 FR 43232
Comment
Board Expects Further 05/00/10
Action By
Regulatory Flexibility Analysis
Required: Yes
Agency Contact: Kathleen Ryan,
Counsel, Federal Reserve System,
Division of Consumer and Community
Affairs
Phone: 202 452–3667
RIN: 7100–AD33
[FR Doc. 2010–8941 Filed 04–23–10; 8:45
am]
BILLING CODE 6210–01–S
E:\FR\FM\26APP19.SGM
26APP19
Agencies
[Federal Register Volume 75, Number 79 (Monday, April 26, 2010)]
[Unknown Section]
[Pages 21949-21950]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-8941]
[[Page 21949]]
-----------------------------------------------------------------------
Part XIX
Federal Reserve System
-----------------------------------------------------------------------
###Semiannual Regulatory Agenda###
[[Page 21950]]
FEDERAL RESERVE SYSTEM (FRS)
_______________________________________________________________________
FEDERAL RESERVE SYSTEM
12 CFR Ch. II
Semiannual Regulatory Flexibility Agenda
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: The Board is issuing this agenda under the Regulatory
Flexibility Act and the Board's Statement of Policy Regarding Expanded
Rulemaking Procedures. The Board anticipates having under consideration
regulatory matters as indicated below during the period May 1, 2010,
through October 31, 2010. The next agenda will be published in fall
2010.
DATES: Comments about the form or content of the agenda may be
submitted any time during the next 6 months.
ADDRESSES: Comments should be addressed to Jennifer J. Johnson,
Secretary of the Board, Board of Governors of the Federal Reserve
System, Washington, DC 20551.
FOR FURTHER INFORMATION CONTACT: A staff contact for each item is
indicated with the regulatory description below.
SUPPLEMENTARY INFORMATION: The Board is publishing its spring 2010
agenda as part of the spring 2010 Unified Agenda of Federal Regulatory
and Deregulatory Actions, which is coordinated by the Office of
Management and Budget under Executive Order 12866. The agenda also
identifies rules the Board has selected for review under section 610(c)
of the Regulatory Flexibility Act, and public comment is invited on
those entries. The complete Unified Agenda will be available to the
public at the following website: www.reginfo.gov. Participation by the
Board in the Unified Agenda is on a voluntary basis.
The Board's agenda is divided into three sections. The first,
Proposed Rule Stage, reports on matters the Board may consider for
public comment during the next 6 months. The second section, Final
Rule Stage, reports on matters that have been proposed and are
under Board consideration. And a third section, Completed Actions,
reports on regulatory matters the Board has completed or is not
expected to consider further. Matters begun and completed between
issues of the agenda have not been included.
A dot () preceding an entry indicates a new matter that
was not a part of the Board's previous agenda and which the Board
has not completed.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
Federal Reserve System--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
410 Regulation Z--Truth in Lending Act (Docket Number: R-1366)............................ 7100-AD33
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
Federal Reserve System (FRS) Proposed Rule Stage
_______________________________________________________________________
410. REGULATION Z--TRUTH IN LENDING ACT (DOCKET NUMBER: R-1366)
Legal Authority: 15 USC 1601 et seq
Abstract: The Federal Reserve proposed for comment amendments to
Regulation Z (Truth in Lending) that would revise disclosure
requirements for closed-end loans secured by real property or a
dwelling. The proposed rules would require creditors to provide certain
disclosures at application about risky loan features and adjustable-
rate mortgages. Three days after application, consumers would receive
disclosures summarizing key loan features including the annual
percentage rate and finance charge, which would be revised to be a more
comprehensive measure of the cost of credit. Consumers would receive a
final disclosure of loan terms three days before loan consummation.
Certain new periodic disclosures would be required after consummation.
In addition, the proposal would prohibit certain payments to mortgage
brokers and loan officers that are based on the loan's terms and
conditions, and prohibit steering consumers to transactions that are
not in their interest to increase compensation received. New rules
regarding eligibility restrictions and disclosures for credit insurance
and similar products would apply to all closed-end and open-end credit
transactions.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Board Requested Comment 08/26/09 74 FR 43232
Board Expects Further Action By 05/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Kathleen Ryan, Counsel, Federal Reserve System,
Division of Consumer and Community Affairs
Phone: 202 452-3667
RIN: 7100-AD33
[FR Doc. 2010-8941 Filed 04-23-10; 8:45 am]
BILLING CODE 6210-01-S