“The Office of the Comptroller of the Currency (OCC) conducted its 17th annual underwriting survey to identify trends in lending standards and credit risk for the most common types of commercial and retail credit offered by national banks. The survey covers the 12-month period ending February 28, 2011. The 2011 survey includes examiner assessments of… Continue Reading
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Monthly Archives: June 2011
An Analysis of the Navy's Fiscal Year 2012 Shipbuilding Plan
An Analysis of the Navy’s Fiscal Year 2012 Shipbuilding Plan, June 23, 2011 “Since 2006, the Congressional Budget Office (CBO) has performed an independent analysis of the Navy’s latest shipbuilding plan at the request of the Subcommittee on Seapower and Expeditionary Forces of the House Armed Services Committee. This CBO study, the latest in that… Continue Reading
Consumer Finance Protection Bureau – Defining Larger Nonbank Participants
News release: “The Dodd-Frank Act, signed into law last year, gives the CFPB the job of supervising large banks, as well as some other types of financial companies, for compliance with federal consumer financial protection laws. While banks, thrifts, and credit unions have been subject to examinations by various federal regulators in the past, other… Continue Reading
EPIC: Supreme Court Strikes Down Prescription Privacy Law
“In a 6-3 decision, the Supreme Court struck down Vermont’s prescription privacy law. IMS Health, Inc. v. Sorrell held that the Vermont statute, which bars disclosure of prescription data for marketing purposes, violates data mining firms’ free speech rights. Vermont “burdened a form of protected expression that it found too persuasive. At the same time,… Continue Reading
New GAO Reports – Bank Regulation, Commercial Aviation, Federal Grants, Flood Insurance, Homeland Defense, International Food Assistance, ax Administration
American Samoa and Commonwealth of the Northern Mariana Islands: Employment, Earnings, and Status of Key Industries Since Minimum Wage Increases Began, GAO-11-427, June 23, 2011 Bank Regulation: Modified Prompt Corrective Action Framework Would Improve Effectiveness, GAO-11-612, June 23, 2011 Commercial Aviation: Program Aimed at High-Risk Parent Abductors Could Aid in Preventing Abductions, GAO-11-602, June 23,… Continue Reading
Plugging In: A Consumer's Guide to the Electric Vehicle
Electric Power Research Institute: “Late in 2010 the first mass-produced electric vehicles hit dealer showrooms, bringing car buyers a new, electric option. Electric cars offer performance, safety and versatility and can be charged from the electric grid, providing convenient, low- cost, at-home charging. At the U.S. national average price of 11.5 cents per kilowatt-hour, buying… Continue Reading
U.S. Mayors Call for Early End to Wars; Investments in Local Economy
June 20, 2011 – “During the closing hours of the United States Conference of Mayors’ annual meeting in Baltimore, nearly 150 mayors met to debate and pass a policy resolution, calling on a speedier drawdown of troops in Afghanistan and Iraq. The nations mayors called on leaders in Washington to end the wars as soon… Continue Reading
FHFA House Price Index Rises 0.8 Percent in April; First Monthly Increase Since May 2010
News release: “U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agencys monthly House Price Index. The previously reported 0.3 percent decrease in March was revised to a 0.4 percent decrease. For the 12 months ending in April, U.S. prices fell 5.7 percent.… Continue Reading
CBO's 2011 Long-Term Budget Outlook
CBO’s 2011 Long-Term Budget Outlook, June 22, 2011 “This Congressional Budget Office (CBO) report presents the agency’s projections of federal spending and revenues over the coming decades. Under current law, an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. If revenues remained at… Continue Reading
The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act
The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act, FDIC Quarterly, Early release for the upcoming 2011, Volume 5, No. 2 “The bankruptcy filing of Lehman Brothers Holdings Inc. (Lehman or LBHI) on September 15, 2008, was one of the signal events of the financial crisis. The disorderly and costly nature of… Continue Reading
New GAO Reports: Horse Welfare, IRS, Medicare Secondary Payer, Military Justice, Military Justice, Medical Devices
Horse Welfare: Action Needed to Address Unintended Consequences from Cessation of Domestic Slaughter, GAO-11-228, June 22, 2011 Internal Revenue Service: Status of GAO Financial Audit and Related Financial Management Report Recommendations, GAO-11-536, June 22, 2011 Medicare Secondary Payer: Process for Situations Involving Non-Group Health Plans, GAO-11-726T, June 22, 2011 Military Justice: Oversight and Better Collaboration… Continue Reading
Report – Creating High Performance Government: A Once-In-A-Generation Opportunity
Creating High Performanc Government: A Once-In-A-Generation Opportunity, June 21, 2011 – The Campaign for High Performance Government, Robert F. Wagner School of Government, New York University, Paul C. Light, Professor and Director “Confidence in the federal governments ability to respond effectively to national and international, economic and political problems continues to dwindle. Some of these… Continue Reading
