From: JDSupra Business Advisor
by Joann Needleman | Clark Hill PLC
Today, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”), issued its outline of proposals under consideration for the regulation of debt collection. More than three years in the making, the CFPB’s proposals will subject debt collectors to stricter rules under the Fair Debt Collections Practices Act (“FDCPA”). The Bureau’s release came in preparation for the convening of a Small Business Review Panel (“Panel”) to gather feedback from small debt collection industry players, which constitute the large majority of debt collection firms, according to the CFPB. The Panel process is the first step in the debt collection rulemaking process.
From: Investment News
The regulation, which offers states a route to avoid liability under ERISA, took its final step toward finalization
By Greg Iacurci
A Labor Department rule governing state-based retirement plans for the private sector has taken its final step toward finalization, after the regulatory agency sent the measure to the Office of Management and Budget for review.
The OMB, which received the measure last week, reviews all proposed and final rules, looking particularly at economic consequences. It has up to 90 days to review the rule, but the assessment will likely take around half that time, said Judy Miller, director of retirement policy at the American Retirement Association.
From: Ballard Spahr | CFPB Monitor
The American Bankers Association and the Consumer Bankers Association (the Associations) have sent a letter to the Office of Information and Regulatory Affairs (OIRA) (part of the Office of Management and Budget (OMB)) urging OIRA to update its existing guidance on information collections to ensure that the CFPB or other agencies do not improperly use the generic clearance process.
Good news for builders who want increased scrutiny of the changes being made to the Environmental Protection Agency’s existing 2012 Construction General Permit (CGP):
EPA officials recently confirmed they will submit the agency’s 2017 CGP to the White House Office of Management and Budget (OMB) for review this fall. OMB’s review will examine the potential impact of EPA’s proposal and provide NAHB with the opportunity to discuss the cost to small businesses of implementing the changes.
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But there’s a problem: Even if the car companies do, they don’t. Or at least, no one has any way to know if they do. Because the EPA’s test to make sure automakers are hitting their CAFE numbers—the sole federal, legal requirement that cars get more efficient—probably doesn’t work. At all.
Meanwhile, the EPA doesn’t know exactly how its CAFE testing correlates with actual results, because it has never done a comprehensive study of real-world fuel economy. Nor does anyone else. The best available data comes from consumers who report it to the DOT—hardly a scientific sampling.
Editor’s Note: All labeling proposals are subject to the Paperwork Reduction Act and Data Quality Act.
Over the next two years, the Department of Agriculture will be the new battleground in the GMO-labeling war as it implements the nationwide labeling requirements. Every organization from the Grocery Manufacturers Association to the Environmental Working Group is now homing its sights on the department, looking to influence its decisions on what the symbol on the package denoting GMO ingredients should look like, the amount of genetically engineered contents a product must contain to trigger that and other labeling, and other related regulations.
WASHINGTON, June 28, 2016 /PRNewswire-USNewswire/ — The Center for Regulatory Effectiveness states that environmental organizations have been successful in terminating offshore drilling in the Arctic and the Atlantic.
Now their strategy to terminate drilling in the Gulf of Mexico has been exposed and called to the attention of Administration officials, http://www.thecre.com/emerging/enforcement.html.
In that the Gulf of Mexico supplies some seventeen percent of the total US crude production it behooves interested stakeholders to participate in the resolution of this issue; in particular those residents in the Gulf states whose livelihood is dependent upon the continuance of an industry which has been in operation for decades.
From: Regulatory Affairs Professional Society
FDA Withdraws Document Calling on Biosimilar Developers to Submit 10 Random Suffixes
By Zachary Brennan
The US Food and Drug Administration (FDA) on Tuesday withdrew a document submitted to the Office of Management and Budget (OMB) that offered new details on how biosimilar developers would submit an ordered list of 10 random suffixes as part of the naming process for biologics and biosimilars.
Other comments on the draft guidance, according to the document submitted to OMB, suggested a higher burden related to coming up with the proposed non-proprietary names so FDA revised its “estimate upward to account for burden associated with creating and submitting up to 10 proposed suffixes for designation.”
Europe’s growing army of robot workers could be classed as “electronic persons” and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution.
Their growing intelligence, pervasiveness and autonomy requires rethinking everything from taxation to legal liability, a draft European Parliament motion, dated May 31, suggests.
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Editor’s Note: Cross-posted from Regulatory Cyber Security/FISMA Focus.
As the federal government finalizes its guidelines for autonomous vehicles, it is receiving conflicting public comments from automakers and other interested parties.
The National Highway Traffic Safety Administration (NHTSA) has received more than 60 public comments and documents. The commentary phase has included two public sessions in Washington, D.C. and San Francisco in April. The public comment period finished at the end of May.
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