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Monday, May 21, 2012

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Home > Consumer Credit & Payments > Legislative Update

Legislative Update

Legislative Update summarizes and updates pending payment cards legislation, regulation, and judicial activity at the federal level and for the Third District states of Pennsylvania, New Jersey, and Delaware.

This content is derived from Banking Legislation & Policy, which is produced by the Bank’s Research Department.

third Quarter 2011

Federal Legislation

• Other Proposed Legislation

Second Quarter 2011

Final Debit Card Interchange Fee and Routing Regulations

• Cap on Interchange Fee
• Exemptions
• Fraud Prevention Adjustment
• Network Exclusivity and Routing Provisions

The Proposed Ability-to-Repay Requirement for Mortgages

• General Ability-to-Repay Standard
• Qualified Mortgages
• Balloon Payment Qualified Mortgages
• Refinancing of Nonstandard Mortgages
• Additional Protections and Final Rulemaking Authority

Federal Legislation

• Proposed Legislation

Federal Regulation

Board of Governors of the Federal Reserve System

• Proposed Rule on Protections Related to Remittance Transfers

Securities and Exchange Commission

• Proposals to Bolster Assessments of Creditworthiness

Multiple Sponsors

• Final Rules on Credit Score Disclosure to Consumers

• Last update: December 27, 2011