News published on Federal Newswire in October 2010

News Release: The Federal Reserve Board on Tuesday proposed a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Board's rules protecting consumers who use credit cards. The proposal is intended to enhance protections for consumers and to resolve areas of uncertainty so that card issuers fully ...

Federal Reserve announces final rule regarding effective dates for gift card rules

News Release: The Federal Reserve Board on Tuesday announced a final rule implementing recent legislation modifying the effective date of certain disclosure requirements applicable to gift cards under the Credit Card Accountability Responsibility and Disclosure Act of 2009.

Board issues enforcement actions with 1st Financial Services Corporation, Highlands Bankshares, Inc. and Highlands Union Bank, and Persons Banking Company, Inc.

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: 1st Financial Services Corporation (57 KB PDF), Hendersonville, North Carolina Written Agreement dated Oct. 13, 2010 Highlands Bankshares, Inc. and Highlands Union Bank (127 KB PDF), both of Abingdon, ...

Minutes of Board discount rate meetings, August 23 through September 20, 2010

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 23 through Sept. 20, 2010.

Federal Reserve issues Report to Congress on Risk Retention

News Release: The Federal Reserve Board on Tuesday issued a report on the potential impact of credit risk retention requirements on securitization markets. The report was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act also requires the Federal Reserve and other agencies to jointly implement risk retention requirements for securitizers or originators of assets securitized through the issuance of asset-backed securities.

Remarks at U.S.-Israel Business Initiative Summit

News Release: Commerce Secretary Gary Locke Remarks at U.S.-Israel Business Initiative Summit Good morning. I’d like to thank the U.S. Chamber of Commerce for hosting us this morning, and for organizing this conference.

Statement from Commerce Secretary Gary Locke on New Residential Construction in September 2010

News Release: The Commerce Department’s U.S. Census Bureau today released data on new residential construction in September 2010. Permits for new housing units declined 5.6 percent compared with a small expected increase by private-sector forecasters. Housing starts in September increased 0.3 percent following a large gain in August. Analysts were expecting a modest decline.

Fact Sheet: U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation

News Release: FACT SHEET: THE U.S.-TURKEY FRAMEWORK FOR STRATEGIC ECONOMIC AND COMMERCIAL COOPERATION (FSECC) TRADE AND INVESTMENT ACTIVITIES (2010-2011) AGREEMENTS * U.S.-Turkey Business Council: The United States and Turkey have established a joint U.S.-Turkish Business Council. It will bring together U.S. and Turkish business leaders to provide policy recommendations to both governments on ways to strengthen bilateral economic relations. The Business Council will meet in 2011.

Obama Trade Officials, Turkish Counterparts Announce New Initiatives to Strengthen U.S.-Turkey Commercial Relations

News Release: U.S. Commerce Secretary Gary Locke and United States Trade Representative Ron Kirk today joined their Turkish counterparts, Deputy Prime Minister Ali Babacan and Foreign Trade Minister Zafer Caglayan for the inaugural meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation. ...

Joint Statement on the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation

News Release: United States Trade Representative Ron Kirk, U.S. Commerce Secretary Gary Locke, Turkish Deputy Prime Minister Ali Babacan, and Turkish Minister of State for Foreign Trade Zafer Çağlayan are pleased to release the following statement, which outlines the overall results of the Oct. 19, 2010, meeting of the U.S. – Turkey Framework for Strategic Economic and Commercial Cooperation.

US Department of Labor adds new information to Site Exposure Matrices website about toxic substances at nuclear weapons facilities

News Release: WASHINGTON — The U.S. Department of Labor today announced its continued expansion of the Site Exposure Matrices website with the release of information on an additional 23 U.S. Department of Energy nuclear weapons facilities, including Rocky Flats in Colorado. The information for these facilities was ...

MSHA issues more than 550 violations during September impact inspections

News Release: ARLINGTON, Va. The U.S. Department of Labor's Mine Safety and Health Administration today announced that federal inspectors issued 499 citations, 61 orders and three safeguards during special impact inspections conducted at 15 coal and 15 metal/nonmetal mine operations last month.

US Labor Department announces more than $1.3 million in unemployment insurance modernization incentive funds to US Virgin Islands

News Release: WASHINGTON – The U.S. Department of Labor today certified for release $1,335,274 in unemployment insurance modernization incentive funds to the U.S. Virgin Islands. The territory qualified for these funds, which account for the remaining two-thirds of its share of the funds available under the American Recovery and Reinvestment Act, by making unemployment benefits available to part-time workers and by including certain family-friendly provisions in its UI law.

U.S. Department of Labor’s ERISA Advisory Council to meet Nov. 3-4, 2010