OCC amends lending limits, Fed releases assessment fees, and more…
- The U.S. Office of the Comptroller of the Currency (OCC) issued a final rule amending lending limits to implement the Dodd Frank Act.
- The Board of Governors of the Federal Reserve System (Fed) issued a rule to set assessment fees for the regulation of big financial institutions.
- The Third Circuit Court of Appeals ruled that compliance with the Clean Air Act would not prevent a nuisance suit.
- The Fed, OCC, and the Federal Deposit Insurance Corporation (FDIC) proposed stronger leverage ratio standards for large banks.
- The Obama Administration announced that it will rank colleges based on financial information such as tuition and graduates’ debt-to-income ratio.
- The Environmental Protection Agency (EPA) extended the comment period for the agency’s proposed rule to regulate formaldehyde emissions.
- A Consumer Financial Protection Bureau (CFPB) report on bank and non-bank mortgage servicing showed problems with account transfers, payment processing, etc.
- The U.S. District Court for the Western District of Oklahoma found that the Oklahoma ban of Islamic law violates the Establishment of Religion clause in the U.S. Constitution.
- The Governor of Illinois signed a law to require background checks for all gun sales.
- The U.S. Court of Appeals for the Second Circuit ruled that Vermont nuclear power plant laws were preempted by federal laws.
- The White House released a report showing that Americans with college degrees earned more and were more likely to be employed.
- The U.S. Department of Defense (DOD) announced it will provide same-sex couples with equal benefits.
- The Consumer Product Safety Commission (CPSC) issued a rule that incorporates new play yard standards and addresses misassembled play yard bassinet accessory hazards
- New Jersey Governor Chris Christie returned a bill to legislature that would increase medical marijuana accessibility.
