Federal Reserve System March 15, 2010 – Federal Register Recent Federal Regulation Documents

Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: 2010-5545
Type: Notice
Date: 2010-03-15
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: 2010-5544
Type: Notice
Date: 2010-03-15
Agency: Federal Reserve System, Agencies and Commissions
Truth in Lending
Document Number: 2010-4859
Type: Proposed Rule
Date: 2010-03-15
Agency: Federal Reserve System, Agencies and Commissions
The Board proposes to amend Regulation Z, which implements the Truth in Lending Act, and the staff commentary to the regulation in order to implement provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 that go into effect on August 22, 2010. In particular, the proposed rule would require that penalty fees imposed by card issuers be reasonable and proportional to the violation of the account terms. The proposed rule would also require credit card issuers to reevaluate at least every six months annual percentage rates increased on or after January 1, 2009.