Practices and Procedures, 21153 [2015-08880]

Download as PDF 21153 Rules and Regulations Federal Register Vol. 80, No. 74 Friday, April 17, 2015 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. PART 1201—PRACTICES AND PROCEDURES 1. The authority citation for 5 CFR part 1201 continues to read as follows: ■ Authority: 5 U.S.C. 1204, 1305, and 7701, and 38 U.S.C. 4331, unless otherwise noted. § 1201.183 [Amended] 2. Amend § 1201.183 by removing paragraph (c)(3). ■ MERIT SYSTEMS PROTECTION BOARD William D. Spencer, Clerk of the Board. 5 CFR Part 1201 [FR Doc. 2015–08880 Filed 4–16–15; 8:45 am] BILLING CODE 7400–01–P Practices and Procedures AGENCY: Merit Systems Protection BUREAU OF CONSUMER FINANCIAL PROTECTION Board. ACTION: Final rule. 12 CFR Part 1026 The Merit Systems Protection Board (MSPB or the Board) hereby amends its rules of practice and procedure in order to correct a minor drafting error in the Board’s regulations. SUMMARY: DATES: Effective April 17, 2015. FOR FURTHER INFORMATION CONTACT: William D. Spencer, Clerk of the Board, Merit Systems Protection Board, 1615 M Street NW., Washington, DC 20419; phone: (202) 653–7200; fax: (202) 653– 7130; or email: mspb@mspb.gov. On October 12, 2012, the MSPB published a final rule that made numerous amendments to its regulations. 77 FR 62350. In making these amendments, the MSPB inadvertently repeated the language of 5 CFR 1201.183(c)(2) in 5 CFR 1201.183(c)(3). Accordingly, the Board now removes 5 CFR 1201.183(c)(3) as unnecessary and duplicative. This amendment removing 5 CFR 1201.183(c)(3) corrects a minor drafting error and makes no substantive change to the MSPB’s regulations. As a result, the Board finds good cause to forego notice and comment rulemaking and to make this final rule effective upon publication. asabaliauskas on DSK5VPTVN1PROD with RULES SUPPLEMENTARY INFORMATION: List of Subjects in 5 CFR Part 1201 Administrative practice and procedure. Accordingly, for the reasons set forth in the preamble, the Board amends 5 CFR part 1201 as follows: VerDate Sep<11>2014 16:14 Apr 16, 2015 Jkt 235001 [Docket No. CFPB–2015–0006] RIN 3170–AA50 Submission of Credit Card Agreements Under the Truth in Lending Act (Regulation Z) Bureau of Consumer Financial Protection. ACTION: Final rule. AGENCY: The Bureau of Consumer Financial Protection (Bureau) is amending Regulation Z, which implements the Truth in Lending Act, and the official interpretation to that regulation, to temporarily suspend card issuers’ obligations to submit credit card agreements to the Bureau for a period of one year (i.e., four quarterly submissions), in order to reduce burden while the Bureau works to develop a more streamlined and automated electronic submission system. Other requirements, including card issuers’ obligations to post currently-offered agreements on their own Web sites, remain unaffected. DATES: This final rule is effective on April 17, 2015. FOR FURTHER INFORMATION CONTACT: Thomas L. Devlin, Counsel, or Kristine M. Andreassen, Senior Counsel, Office of Regulations, at (202) 435–7700. SUPPLEMENTARY INFORMATION: SUMMARY: I. Summary of the Rule The Truth in Lending Act (TILA), in section 122(d), requires creditors to post PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 agreements for open-end consumer credit card plans on the creditors’ Web sites and to submit those agreements to the Bureau. 15 U.S.C. 1632(d). These provisions are implemented in § 1026.58 of Regulation Z.1 12 CFR 1026.58. The Bureau is finalizing amendments that it proposed in February 2015 2 to suspend temporarily the requirement in § 1026.58(c) that card issuers submit credit card agreements to the Bureau for a period of one year (i.e., four quarterly submissions), in order to reduce burden while the Bureau works to develop a more streamlined and automated electronic submission system. Specifically, the Bureau is suspending the submissions that would otherwise have been due to the Bureau by the first business day on or after April 30, 2015; July 31, 2015; October 31, 2015; and January 31, 2016. Beginning with the submission due on the first business day on or after April 30, 2016, card issuers shall resume submitting credit card agreements on a quarterly basis to the Bureau. The Bureau expects to consult with interested stakeholders before that date regarding resumption of the submission requirements and technical specifications for the new system. Other requirements under § 1026.58, including card issuers’ obligations to post currently-offered agreements on their own Web sites under § 1026.58(d), remain unaffected. II. Background A. The Statute and Regulation In 2009, Congress enhanced protections for credit cards in the Credit Card Accountability Responsibility and Disclosure Act (CARD Act), which it enacted to ‘‘establish fair and transparent practices related to the extension of credit’’ in the credit card market.3 The Board of Governors of the Federal Reserve System (Board) generally implemented the CARD Act’s provisions in subpart G of Regulation Z. Section 204 of the CARD Act added new TILA section 122(d) to require creditors to post agreements for open-end consumer credit card plans on the 1 Section 1026.58 uses the terms card issuer (or issuer) and credit card agreement (or agreement) in lieu of the terms creditor and open-end consumer credit card plan, respectively, that are used in section 122(d) of TILA. 2 80 FR 10417 (Feb. 26, 2015). 3 Public Law 111–24, 123 Stat. 1734 (2009). E:\FR\FM\17APR1.SGM 17APR1

Agencies

[Federal Register Volume 80, Number 74 (Friday, April 17, 2015)]
[Rules and Regulations]
[Page 21153]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08880]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 
Prices of new books are listed in the first FEDERAL REGISTER issue of each 
week.

========================================================================


Federal Register / Vol. 80, No. 74 / Friday, April 17, 2015 / Rules 
and Regulations

[[Page 21153]]



MERIT SYSTEMS PROTECTION BOARD

5 CFR Part 1201


Practices and Procedures

AGENCY: Merit Systems Protection Board.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Merit Systems Protection Board (MSPB or the Board) hereby 
amends its rules of practice and procedure in order to correct a minor 
drafting error in the Board's regulations.

DATES: Effective April 17, 2015.

FOR FURTHER INFORMATION CONTACT: William D. Spencer, Clerk of the 
Board, Merit Systems Protection Board, 1615 M Street NW., Washington, 
DC 20419; phone: (202) 653-7200; fax: (202) 653-7130; or email: 
mspb@mspb.gov.

SUPPLEMENTARY INFORMATION: On October 12, 2012, the MSPB published a 
final rule that made numerous amendments to its regulations. 77 FR 
62350. In making these amendments, the MSPB inadvertently repeated the 
language of 5 CFR 1201.183(c)(2) in 5 CFR 1201.183(c)(3). Accordingly, 
the Board now removes 5 CFR 1201.183(c)(3) as unnecessary and 
duplicative.
    This amendment removing 5 CFR 1201.183(c)(3) corrects a minor 
drafting error and makes no substantive change to the MSPB's 
regulations. As a result, the Board finds good cause to forego notice 
and comment rulemaking and to make this final rule effective upon 
publication.

List of Subjects in 5 CFR Part 1201

    Administrative practice and procedure.

    Accordingly, for the reasons set forth in the preamble, the Board 
amends 5 CFR part 1201 as follows:

PART 1201--PRACTICES AND PROCEDURES

0
1. The authority citation for 5 CFR part 1201 continues to read as 
follows:

    Authority: 5 U.S.C. 1204, 1305, and 7701, and 38 U.S.C. 4331, 
unless otherwise noted.

Sec.  1201.183  [Amended]

0
2. Amend Sec.  1201.183 by removing paragraph (c)(3).

William D. Spencer,
Clerk of the Board.
[FR Doc. 2015-08880 Filed 4-16-15; 8:45 am]
 BILLING CODE 7400-01-P