Federal Reserve System publishes proposed rule on July 12

The US Federal Reserve System published a five page proposed rule on July 12, according to the U.S. Government Publishing Office.

The proposed rule is focused on Truth in Lending.

The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.

Notices are required documents detailing rules and regulations being proposed by each federal department. This allows the public to see what issues legislators and federal departments are focusing on.

Any person or organization can comment on the proposed rules. Departments and agencies must then address “significant issues raised in comments and discuss any changes made,” the Federal Register says.

Notices published by the Federal Reserve System on July 12

Title
Truth in Lending
Change in Bank Control Notices; Acquisitions of Shares of Banks or Bank Holding Companies
Federal Open Market Committee; Domestic Policy Directive of May 16, 2000
Privacy Act of 1974; Publication of Notice of Systems of Records and Amendment of Existing Systems of Records
Policy Statement on Payments System Risk Modifications to Daylight Overdraft Posting Rules; Delay of Effective Date; Correction
Formations of, Acquisitions by, and Mergers of Bank Holding Companies