DoD Guidance Document Website, 9750-9751 [2020-03359]
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Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
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are subject to the protections of the
regulations.
Based on the annual percentage
increase in the CPI–W as of June 1,
2019, the protections of the Truth in
Lending Act and the Consumer Leasing
Act generally will apply to consumer
credit transactions and consumer leases
of $58,300 or less in 2020. However,
private education loan and loans
secured by real property (such as
mortgages) are subject to the Truth in
Lending Act regardless of the amount of
the loan.
Although the Dodd-Frank Act
generally transferred rulemaking
authority under the Truth in Lending
Act and the Consumer Leasing Act to
the Bureau, the Federal Reserve Board
retains authority to issue rules for
certain motor vehicle dealers. Therefore,
the agencies issued the notice jointly.
3.1.4 Agencies Announce Threshold
for Smaller Loan Exemption From
Appraisal Requirements for HigherPriced Mortgage Loans
On October 31, 2019, the Bureau, the
Federal Reserve Board, and the Office of
the Comptroller of the Currency
announced that the threshold for
exempting loans from special appraisal
requirements for higher-priced mortgage
loans during 2020 will increase from
$26,700 to $27,200.
The threshold amount went into effect
on January 1, 2020, and is based on the
annual percentage increase in the CPI–
W as of June 1, 2019.
The Dodd-Frank Act amended the
Truth in Lending Act to add special
appraisal requirements for higher-priced
mortgage loans, including a requirement
that creditors obtain a written appraisal
based on a physical visit to the home’s
interior before making a higher-priced
mortgage loan. The rules implementing
these requirements contain an
exemption for loans of $25,000 or less
and also provide that the exemption
threshold will be adjusted annually to
reflect increases in the CPI–W. If there
is no annual percentage increase in the
CPI–W, the agencies will not adjust this
exemption threshold from the prior
year. However, in years following a year
in which the exemption threshold was
not adjusted, the threshold is calculated
by applying the annual percentage
change in CPI–W to the dollar amount
that would have resulted, after
rounding, if the decreases and any
subsequent increases in the CPI–W had
been taken into account.
3.1.5 CFPB Issues Final HMDA Rule
To Provide Relief to Smaller Institutions
On October 10, 2019, the Bureau
issued a rule which finalizes certain
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aspects of its May 2019 Notice of
Proposed Rulemaking under the Home
Mortgage Disclosure Act (HMDA). It
extends for two years the current
temporary threshold for collecting and
reporting data about open-end lines of
credit under HMDA. The rule also
clarifies partial exemptions from certain
HMDA requirements which Congress
added in EGRRCPA.
For open-end lines of credit, the rule
extends for another two years, until
January 1, 2022, the current temporary
coverage threshold of 500 open-end
lines of credit. For data collection years
2020 and 2021, financial institutions
that originated fewer than 500 open-end
lines of credit in either of the two
preceding calendar years will not need
to collect and report data with respect
to open-end lines of credit.
For the partial exemptions under the
EGRRCPA, the rule incorporates into
Regulation C the clarifications from the
Bureau’s August 2018 interpretive and
procedural rule. This final rule further
effectuates the burden relief for smaller
lenders provided by the EGRRCPA by
addressing certain issues relating to the
partial exemptions that the August 2018
rule did not address.
This rule finalizes the above aspects
of the May 2019 Notice of Proposed
Rulemaking, which also proposed
raising the permanent coverage
thresholds for closed-end mortgage
loans and open-end lines of credit. On
July 31, 2019, the Bureau reopened the
comment period until October 15, 2019
for aspects of the May 2019 Notice of
Proposed Rulemaking related to raising
the permanent coverage thresholds. The
Bureau intends to issue a separate final
rule in 2020 addressing these
thresholds.
Public Enforcement Actions
Maxitransfers Corporation
On August 27, 2019, the Bureau
announced a settlement with
Maxitransfers Corporation (Maxi),
which provides remittance transfer
services that allow consumers to send
money overseas electronically. This was
the Bureau’s first action alleging
violations of the ‘‘Remittance Transfer
Rule’’ of the Electronic Fund Transfer
Act (EFTA). From October 2013 until
May 2017, Maxi sent approximately
14.5 million remittance transfers for
U.S. consumers. The Bureau found that
Maxi failed to provide certain consumer
protection disclosures and did not
maintain all of the policies and
procedures required under the
Remittance Transfer Rule. Maxi also
violated the CFPA by stating to
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5. Conclusion
The Bureau will continue to publish
Supervisory Highlights to aid Bureausupervised entities in their efforts to
comply with Federal consumer financial
law. The report shares information
regarding general supervisory and
examination findings (without
identifying specific institutions, except
in the case of public enforcement
actions), communicates operational
changes to the program, and provides a
convenient and easily accessible
resource for information on the Bureau’s
guidance documents.
Dated: February 10, 2020.
Kathleen L. Kraninger,
Director, Bureau of Consumer Financial
Protection.
[FR Doc. 2020–03301 Filed 2–19–20; 8:45 am]
BILLING CODE 4810–AM–P
DEPARTMENT OF DEFENSE
Office of the Secretary
DoD Guidance Document Website
Office of the Chief Management
Officer, Department of Defense (DoD).
ACTION: Notice of availability.
AGENCY:
4. Remedial Actions
4.1
consumers that it was not responsible
for errors made by its third-party
payment agents when in fact under the
Remittance Transfer Rule, a provider is
liable for any violation by an agent
when such agent acts for the provider.
The consent order required Maxi to pay
a civil money penalty of $500,000 and
prohibited Maxi from stating that it is
not responsible for the acts of its agents.
The consent order also required Maxi to
take steps to improve its compliance
management to prevent future violations
of the CFPA, EFTA, and the Remittance
Transfer Rule.
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DoD is announcing the
availability of a guidance document
website. Active guidance documents
currently in effect are accessible through
the site.
DATES: The site will be publicly
available no later than February 28,
2020.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Patricia L. Toppings, Chief, Regulatory
and Advisory Committee Division, (571)
372–0485.
SUPPLEMENTARY INFORMATION: On
October 10, 2019, the President signed
Executive Order (E.O.) 13891,
‘‘Promoting the Rule of Law Through
Improved Agency Guidance
Documents,’’ to support the principles
that the American public should only be
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Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
subject to binding rules and regulations
that are lawfully promulgated and that
there must be fair notice of any such
obligations. As part of increasing
transparency, section 3 of the E.O.
requires agencies to publish their
guidance documents, and certain
information about them, on a single
agency website. Accordingly, DoD has
established the required guidance
website at: https://open.defense.gov/
Regulatory-Program/GuidanceDocuments/. Existing guidance
documents currently in effect are
accessible through the site.
Dated: February 14, 2020.
Aaron T. Siegel,
Alternate OSD Federal Register Liaison
Officer, Department of Defense.
[FR Doc. 2020–03359 Filed 2–19–20; 8:45 am]
BILLING CODE 5001–06–P
DEPARTMENT OF DEFENSE
Office of the Secretary
Defense Advisory Committee on
Military Personnel Testing; Notice of
Federal Advisory Committee Meeting
Under Secretary of Defense for
Personnel and Readiness, Department of
Defense (DoD).
ACTION: Notice of Federal Advisory
Committee meeting.
AGENCY:
The DoD is publishing this
notice to announce that the following
Federal Advisory Committee meeting of
the Defense Advisory Committee on
Military Personnel Testing will take
place.
DATES: Day 1—Open to the public
Tuesday, March 24, 2020 from 9 a.m. to
5 p.m. Day 2—Open to the public
Wednesday, March 25, 2020 from 9 a.m.
to 1:30 p.m.
ADDRESSES: Meeting address is: Hotel
Pacific, 300 Pacific St., Monterey, CA
93940.
FOR FURTHER INFORMATION CONTACT:
Designated Federal Officer, Sofiya
Velgach, (703) 697–9271 (Voice), 703
614–9272 (Facsimile),
osd.pentagon.ousd-p-r.mbx.dacmpt@
mail.mil (Email). Mailing address is
Assistant Director, Accession Policy,
Office of the Under Secretary of Defense
for Personnel and Readiness, Room
3D1066, The Pentagon, Washington, DC
20301–4000.
SUPPLEMENTARY INFORMATION: This
meeting is being held under the
provisions of the Federal Advisory
Committee Act (FACA) of 1972 (5
U.S.C., Appendix, as amended), the
Government in the Sunshine Act of
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SUMMARY:
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1976 (5 U.S.C. 552b, as amended), and
41 CFR 102–3.140 and 102–3.150.
Purpose of the Meeting: The purpose
of the meeting is to review planned
changes and progress in developing
selection and classification tests for
military accession screening.
Agenda
Day 1, Tuesday, March 24, 2020
9 a.m.–9:15 a.m. Welcome and Opening
Remarks, Dr. Sofiya Velgach,
OASD(M&RA)/AP*
9:15 a.m.–9:45 a.m. Accession Policy
Update, Ms. Stephanie Miller,
OASD(M&RA)/Director, AP*
9:45 a.m.–10:15 a.m. Milestones and
Project Schedules, Dr. Mary
Pommerich, OPA/DPAC*
10:15 a.m.–10:30 a.m. Break
10:30 a.m.–11:30 a.m. Device Evaluation
Update and Future Use, Dr. Tia
Fechter/Dr. Dan Segall, OPA/DPAC*
11:30 a.m.–12 p.m. ASVAB CEP*
Update, Dr. Shannon Salyer, OPA/
DPAC*
12:00 p.m.–1 p.m. Lunch
1:00 p.m.–1:45 p.m. CAT–ASVAB New
Forms Update, Dr. Matt Trippe,
HumRRO*
1:45 p.m.–2:15 p.m. TAPAS* Evaluation
Project Overview, Dr. Tim McGonigle,
HumRRO*
2:15 p.m.–2:45 p.m. Army Way Ahead,
Dr. Len White, ARI*
2:45 p.m.–3:15 p.m. Air Force Way
Ahead, Dr. Bobbie Dirr, Air Force
Personnel Center
3:15 p.m.–3:30 p.m. Break
3:30 p.m.–4 p.m. Marine Corp Way
Ahead, Maj Rachel Gonzales,
Headquarters Marine Corps
4 p.m.–4:30 p.m. Navy Way Ahead, Dr.
Stephen E. Watson, NETC*
4:30 p.m.–4:45 p.m. Public Comments
Day 2, Wednesday, March 25, 2020
9 a.m.–9:30 a.m. Next Generation
ASVAB* Overview, Dr. Mary
Pommerich, OPA/DPAC*
9:30 a.m.–11 a.m. Status Report on
ASVAB* Evaluations, Dr. Mary
Pommerich, OPA/DPAC*
11:00 a.m.–11:15 a.m. Break
11:15 a.m.–11:45 a.m. Consolidating
Evaluation Findings, Dr. Tia Fechter,
OPA/DPAC*
11:45 a.m.–12:45 p.m. Next Generation
ASVAB* Shared Vision Dr. Scott
Oppler, HumRRO*
12:45 p.m.–1 p.m. Future Topics, Dr.
Dan Segall, OPA/Director, DPAC*
1 p.m.–1:15 p.m. Public Comments
1:15 p.m.–1:30 p.m. Closing Comments,
Dr. Michael Rodriguez, Chair
Abbreviations key:
ARI = Army Research Institute
ASVAB = Armed Services Vocational
Aptitude Battery
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9751
ASVAB CEP = ASVAB Career
Exploration Program, provided free to
high schools nation-wide to help
students develop career exploration
skills and used by recruiters to
identify potential applicants for
enlistment
HumRRO = Human Resources Research
Organization
NETC = Naval Education Training
Command
OASD(M&RA)/AP = Office of the
Assistant Secretary of Defense
(Manpower & Reserve Affairs)/
Accession Policy
OPA/DPAC = Office of People
Analytics/Defense Personnel
Assessment Center
TAPAS = Tailored Adaptive Personality
Assessment System
Meeting Accessibility: Public’s
Accessibility to the Meeting: Pursuant to
5 U.S.C. 552b and 41 CFR 102–3.140
through 102–3.165, and the availability
of space, this meeting is open to the
public. Seating is based on first-come,
first-served basis. All members of the
public who wish to attend the public
meeting must contact the Designated
Federal Officer, not later than 12:00
p.m. on Monday, March 16, 2020, as
listed in the FOR FURTHER INFORMATION
CONTACT section.
Written Statements: Pursuant to 41
CFR 102–3.105(j) and 102–3.140 and
section 10(a)(3) of the FACA, interested
persons may submit written statements
to the Committee at any time about its
approved agenda or at any time on the
Committee’s mission. Written
statements should be submitted to the
Committee’s Designated Federal Officer
at the address or facsimile number listed
in the FOR FURTHER INFORMATION
CONTACT section. If statements pertain to
a specific topic being discussed at the
planned meeting, then these statements
must be submitted no later than five (5)
business days prior to the meeting in
question. Written statements received
after this date may not be provided to
or considered by the Committee until its
next meeting. The Designated Federal
Officer will review all timely submitted
written statements and provide copies
to all the committee members before the
meeting that is the subject of this notice.
Please note that since the Committee
operates under the provisions of the
FACA, all submitted comments and
public presentations will be treated as
public documents and will be made
available for public inspection.
Opportunity for public comments will
be provided at the end of the meeting.
Public comments will be limited to 5
minutes per person, as time allows.
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Agencies
[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Pages 9750-9751]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03359]
=======================================================================
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DEPARTMENT OF DEFENSE
Office of the Secretary
DoD Guidance Document Website
AGENCY: Office of the Chief Management Officer, Department of Defense
(DoD).
ACTION: Notice of availability.
-----------------------------------------------------------------------
SUMMARY: DoD is announcing the availability of a guidance document
website. Active guidance documents currently in effect are accessible
through the site.
DATES: The site will be publicly available no later than February 28,
2020.
FOR FURTHER INFORMATION CONTACT: Patricia L. Toppings, Chief,
Regulatory and Advisory Committee Division, (571) 372-0485.
SUPPLEMENTARY INFORMATION: On October 10, 2019, the President signed
Executive Order (E.O.) 13891, ``Promoting the Rule of Law Through
Improved Agency Guidance Documents,'' to support the principles that
the American public should only be
[[Page 9751]]
subject to binding rules and regulations that are lawfully promulgated
and that there must be fair notice of any such obligations. As part of
increasing transparency, section 3 of the E.O. requires agencies to
publish their guidance documents, and certain information about them,
on a single agency website. Accordingly, DoD has established the
required guidance website at: https://open.defense.gov/Regulatory-Program/Guidance-Documents/. Existing guidance documents currently in
effect are accessible through the site.
Dated: February 14, 2020.
Aaron T. Siegel,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2020-03359 Filed 2-19-20; 8:45 am]
BILLING CODE 5001-06-P