Fig-2 First American patent, July 31, Fig.
In addition to numerous banking regulatory reforms, the legislation contains a number of new consumer protections relating to, among other things, credit reports and student loans. The following are notable highlights: Enhanced Credit Reporting Agency Requirements Relating to Identity Theft and Overall Review of Credit Reporting and Credit Scoring Practices As a response to the recent Equifax breach, Section requires credit reporting agencies to provide consumers with fraud alerts and freezes on credit at no cost to consumers when identity theft is suspected.
Section requires credit reporting agencies to provide free credit monitoring to active-duty military service members. Section directs Fannie Mae and Freddie Mac to initiate a selection process for determining whether different or additional credit scoring models should be required in underwriting mortgages that they purchase.
Study on Cyber Threats Section directs the Treasury to conduct a study within one year of the date of enactment on the risks of cyber threats to financial institutions and the U.
Although the directive to conduct this study demonstrates recognition of the problem and requires recommendations on whether additional legal authorities or resources are needed, this provision stops short of directing any specific government action to address this pressing issue.
Senior Citizen Financial Exploitation Reporting Immunity Section provides qualified immunity for reports to supervisory and law enforcement agencies and agencies responsible for adult protective services of suspected elder financial exploitation made by financial institutions and certain of their personnel.
The covered personnel, who also receive immunity, include compliance personnel and supervisors, as well as registered representatives, investment advisors, and insurance producers.
The immunity is available when the relevant individuals are trained in elder care abuse and when the report is made in good faith and with reasonable care. Covered individuals and their institutions receive immunity from civil or administrative proceedings for the disclosure.
Student Loan Default and Rehabilitation Relief Section amends TILA to prohibit a private education loan creditor from declaring a default or accelerating the debt of the student obligor solely on the basis of a bankruptcy or death of a cosigner. These requirements are not retroactive and apply only to private education loans entered into after days after the date of enactment.
Offsetting Securities Exchange and Association Fees Section requires the SEC to offset future fees and assessments required to be paid by a national securities exchange or national securities association to the extent that such exchange or association has previously overpaid such fees or assessments and has informed the SEC of the overpayment within ten years.
Eliminate Exemption for Investment Companies in U. Territories Section eliminates a long-standing exemption from registration under the ICA for an investment company organized under the laws of and having its principal place of business in Puerto Rico or another U.
Although the exemption is eliminated on the date of enactment, the legislation provides a three-year safe harbor for investment companies relying on such exemption and permits the SEC to extend the safe harbor for up to three more years if it determines that the extension is necessary or appropriate in the public interest and for the protection of investors.
Amendments to Regulation A Section directs the SEC to amend its Regulation A, which provides an exemption from registration for securities offered in certain smaller public offerings, to make it available to companies subject to reporting under Sections 13 or 15 d of the Securities Exchange Act ofand, for Tier 2 offerings, to deem an issuer that is subject to and in compliance with such reporting to be in compliance with the reporting requirements of Rule of Regulation A.The ADA Home Page provides access to Americans with Disabilities Act (ADA) regulations for businesses and State and local governments, technical assistance materials, ADA Standards for Accessible Design, links to Federal agencies with ADA responsibilities and information, updates on new ADA requirements, streaming video, information about Department of Justice ADA settlement .
Sec. 22a (Formerly Sec. a). Declaration of policy. It is found and declared that the pollution of the waters of the state is inimical to the public health, safety and welfare of the inhabitants of the state, is a public nuisance and is harmful to wildlife, fish and aquatic life and impairs domestic, agricultural, industrial, recreational and other legitimate beneficial uses of water.
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Underwriting Agencies Council (UAC) The Manchester Title: Chief Executive Officer at . Americans For Innovation timeline and supporting facts showing dereliction of duty, fraud, corruption, the appearance of corruption, racketeering, monopoly and anti-trust by senior United States government officials, Harvard and Stanford academics, judges, law firms and their commercial accomplices.
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