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Monthly Archives: July 2008

Federal Reserve Board issues final rule amending home mortgage provisions of Regulation Z (Truth in Lending)

News release: “The Federal Reserve Board on Monday approved a final rule for home mortgage loans to better protect consumers and facilitate responsible lending. The rule prohibits unfair, abusive or deceptive home mortgage lending practices and restricts certain other mortgage practices. The final rule also establishes advertising standards and requires certain mortgage disclosures to be… Continue Reading

Fact Sheet: Allowing Offshore Exploration to Help Address Rising Fuel Costs

White House Fact Sheet: Allowing Offshore Exploration to Help Address Rising Fuel Costs, July 14, 2008: “Today, President Bush lifted an executive ban on producing oil from the Outer Continental Shelf (OCS). This means that the only thing standing between the American people and these vast oil resources is action from the Democratically controlled Congress.… Continue Reading

Ernst & Young Study Finds Most Middle Class Retirees Will Outlive Retirement Savings

News release: “Almost three out of five new middle-class retirees will outlive their financial assets if they attempt to maintain their pre-retirement standard of living, according to a new study conducted by Ernst & Young LLP on behalf of Americans for Secure Retirement. The study also finds that middle-income Americans entering retirement now will have… Continue Reading

Failed Bank Information – IndyMac Bank, F.S.B. Pasadena, CA

News release: “This bank was closed by the Office of Thrift Supervision and the FDIC was named Conservator. All non-brokered insured deposit accounts and substantially all of the assets of IndyMac Bank, F.S.B. have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA a newly chartered full-service FDIC-insured institution. On July 11,… Continue Reading

New GAO Reports: Terrorism Insurance, FDIC's Internal Controls, FCC Internal Controls

Initial Results on Availability of Terrorism Insurance in Specific Geographic Markets, GAO-08-919R, July 11, 2008 Management Report: Opportunities for Improvements in FDIC’s Internal Controls and Accounting Procedures, GAO-08-863R, July 11, 2008 Telecommunications: FCC Needs to Improve Performance Management and Strengthen Oversight of the High-Cost Program, GAO-08-633, June 13, 2008 Telecommunications: Survey of State Regulatory Commissions,… Continue Reading

EPA Releases Greenhouse Gas Document for Public Comment

News release: “Today EPA released an Advance Notice of Proposed Rulemaking (ANPR) soliciting public input on the effects of climate change and the potential ramifications of the Clean Air Act in relation to greenhouse gas emissions. Today’s action is in response to the April 2, 2007 Supreme Court decision in Massachusetts v. EPA, which found… Continue Reading

Web 2.0: The Future of Collaborative Government

“Today’s tech-savvy world demands tech-savvy government. Increasingly connected citizens and stakeholders are asking governments to deliver services more rapidly and efficiently. Yet the public service bureaucracies that form the governmental backbone often take a conservative approach to adopting the latest Internet-based technologies to accelerate service delivery. On June 3, 2008, Deloitte and the National Academy… Continue Reading

NASCIO Report: State CIOs and Electronic Records

“The National Association of State Chief Information Officers (NASCIO) is pleased to announce the release of its research brief, Ready for the Challenge? State CIOs and Electronic Records. The brief is a product of NASCIO’s Electronic Records and Digital Preservation Working Group and may be found online. States continue to struggle with new challenges presented… Continue Reading

EPIC Calls for Protection of Passport Privacy During Senate Hearing

“EPIC testified before the Senate Judiciary Committee [hearing: Passport Files: Privacy Protection Needed For All Americans], urging new protections for passport information privacy. The hearing, held at a time of increased information collection and dissemination by the government, addressed an Inspector General report [Review of Controls and Notification for Access to Passport Records in the… Continue Reading

Agencies Reduce Security Vulnerabilities Under The Trusted Internet Connection Initiative

News release: “Today, the Office of Management and Budget (OMB) released the Trusted Internet Connections (TIC) Initiative Statement of Capability Evaluation Report highlighting the Federal government’s rapid progress toward strengthening IT security. This was achieved by reducing external connections, including Internet points of presence from over 4,300 reported in January 2008, to a target of… Continue Reading