{"description":"Documents matching 'risk itself customers losses fraud'","count":1960,"total_pages":50,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=risk+itself+customers+losses+fraud&format=json&page=2","results":[{"title":"Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is amending its regulations governing the types of investments that futures commission merchants and derivatives clearing organizations may make with funds held for the benefit of customers engaging in futures, foreign futures, and cleared swaps transactions. The Commission is also revising asset-based and issuer-based concentration limits for the investment of customer funds. The Commission is also specifying market risk capital charges that a futures commission merchant must take on new investments added to the list of permitted investments in computing the firm's adjusted net capital. The amendments also revise regulations that require each futures commission merchant to report to the Commission, and to the firm's designated self-regulatory organization, the name, location, and amount of customer funds held by each depository, including any investments of customer funds held by the depository. Lastly, the Commission is eliminating the requirement that each depository holding customer funds must provide the Commission with read-only electronic access to such accounts for the futures commission merchant to treat the funds as customer segregated funds.","document_number":"2024-30927","html_url":"https://www.federalregister.gov/documents/2025/01/22/2024-30927/investment-of-customer-funds-by-futures-commission-merchants-and-derivatives-clearing-organizations","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-22/pdf/2024-30927.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-30927.pdf?1736889333","publication_date":"2025-01-22","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"preamble, the terms “futures <span class=\"match\">customer</span> funds,” “Cleared Swaps <span class=\"match\">Customer</span> Collateral,” and “30.7 <span class=\"match\">customer</span> funds,” are used when referring to regulations applicable specifically to futures <span class=\"match\">customers</span>, Cleared Swaps <span class=\"match\">Customers</span>, and 30.7 <span class=\"match\">customers</span>, respectively. In addition, the term “<span class=\"match\">Customer</span> Funds” is used when referring collectively to “futures <span class=\"match\">customer</span> funds,” “Cleared Swaps <span class=\"match\">Customer</span> Collateral,” and “30.7 <span class=\"match\">customer</span> funds.” \n 2. Authority for Futures Commission Merchants and Derivatives Clearing Organizations To Invest <span class=\"match\">Customer</span> Funds \n \n The Act establishes"},{"title":"Improving Customer Service and Protecting Consumers Through Onshoring","type":"Proposed Rule","abstract":"In this document, the Federal Communications Commission (Commission) proposes actions that would encourage and facilitate the onshoring of foreign call centers. Specifically, the Commission proposes rules and otherwise explore ways to improve customer service communications and better protect consumers' sensitive personal information by limiting use of foreign call centers and by improving standards applicable to a company's remaining foreign call center operations. It also seeks comment on extending these protections to modes of customer service communications other than calls, such as emails, texts, and on-line chats, and on ideas to deter scam and other unlawful calls made to the United States from foreign countries. Finally, it explore steps we can take to financially deter unlawful foreign-originated calls, such as bond requirements. The Commission proposes to apply these requirements to providers of telecommunications services, CMRS, interconnected VoIP service, cable television service, and DBS services, or affiliates of such providers. It also proposes to apply these requirements to the use of foreign call centers for consumer communications relating to internet access service offered by any of the foregoing providers or their affiliates and seeks comment on whether it should extend some or all of the proposed rules to providers of other types of services.","document_number":"2026-07960","html_url":"https://www.federalregister.gov/documents/2026/04/23/2026-07960/improving-customer-service-and-protecting-consumers-through-onshoring","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-23/pdf/2026-07960.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07960.pdf?1776861922","publication_date":"2026-04-23","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"American Standard English, to ensure that U.S.-based <span class=\"match\">customer</span> service representatives handle all <span class=\"match\">customer</span> calls involving sensitive <span class=\"match\">customer</span> information, to limit the volume of <span class=\"match\">customer</span> calls handled by foreign call centers, to notify <span class=\"match\">customers</span> when they are speaking to a foreign call center, to transfer calls to a U.S.-based call center upon request, and to report on associated <span class=\"match\">customer</span> service metrics. These policies are expected to improve the quality of <span class=\"match\">customer</span> service and reduce financial <span class=\"match\">losses</span> stemming from scams connected to foreign call centers"},{"title":"Exemption for Certain Prohibited Transactions Involving Northern Trust Corporation (Together With Its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL","type":"Notice","abstract":"This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code). The exemption permits certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in Section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.","document_number":"2025-15280","html_url":"https://www.federalregister.gov/documents/2025/08/12/2025-15280/exemption-for-certain-prohibited-transactions-involving-northern-trust-corporation-together-with-its","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-08-12/pdf/2025-15280.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-15280.pdf?1754916320","publication_date":"2025-08-12","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"comprehensive <span class=\"match\">customer</span> due diligence policies, procedures and processes for all <span class=\"match\">customers</span>, particularly those that present a high <span class=\"match\">risk</span> for money laundering or terrorist financing. Northern has also adopted Global Minimum Standards for <span class=\"match\">Customer</span> Due Diligence for its clients as a critical part of its Global AML/Economic Sanctions Compliance Program. \n 22. The Applicant represents that it has new systems for evaluating new clients or acquisitions. Northern represents that it assesses the money laundering and related <span class=\"match\">risks</span> of each new client relationship."},{"title":"Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is adopting rule amendments that will require brokers and dealers (or \"broker-dealers\"), investment companies, investment advisers registered with the Commission (\"registered investment advisers\"), funding portals, and transfer agents registered with the Commission or another appropriate regulatory agency (\"ARA\") as defined in the Securities Exchange Act of 1934 (\"transfer agents\") to adopt written policies and procedures for incident response programs to address unauthorized access to or use of customer information, including procedures for providing timely notification to individuals affected by an incident involving sensitive customer information with details about the incident and information designed to help affected individuals respond appropriately. In addition, the amendments extend the application of requirements to safeguard customer records and information to transfer agents; broaden the scope of information covered by the requirements for safeguarding customer records and information and for properly disposing of consumer report information; impose requirements to maintain written records documenting compliance with the amended rules; and conform annual privacy notice delivery provisions to the terms of an exception provided by a statutory amendment to the Gramm-Leach-Bliley Act (\"GLBA\").","document_number":"2024-11116","html_url":"https://www.federalregister.gov/documents/2024/06/03/2024-11116/regulation-s-p-privacy-of-consumer-financial-information-and-safeguarding-customer-information","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-06-03/pdf/2024-11116.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-11116.pdf?1717159514","publication_date":"2024-06-03","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Including <span class=\"match\">Customer</span> Notification \n As set forth in the proposal, security incidents may result in, among other things, misuse, exposure or theft of a <span class=\"match\">customer's</span> nonpublic personal information, and potentially leave affected individuals vulnerable to having their information further compromised. Threat actors can use <span class=\"match\">customer</span> information to cause harm in a number of ways, such as by stealing <span class=\"match\">customer</span> identities to sell to other threat actors on the dark web, publishing <span class=\"match\">customer</span> information on the dark web, using <span class=\"match\">customer</span> identities to carry out <span class=\"match\">fraud</span> themselves"},{"title":"Modernizing Suspension and Debarment Rules","type":"Rule","abstract":"In this document, the Federal Communications Commission (Commission) adopts the Office of Management and Budget's Guidance for Nonprocurement Debarment and Suspension, along with agency-specific regulations to allow the agency to further combat waste, fraud, and abuse, and remove bad actors from participation in its support programs. The Commission finds further notice and comment \"unnecessary\" under the Administrative Procedure Act (APA) for the Commission to adopt the Guidelines (including updates made after the Notice of Proposed Rulemaking in this proceeding), but elect to provide an opportunity for input on that assessment as to three of the Guidelines. A Proposed Rule relating to the Commission's adoption of updated suspension and debarment rules is published elsewhere in this issue of the Federal Register.","document_number":"2026-06864","html_url":"https://www.federalregister.gov/documents/2026/04/09/2026-06864/modernizing-suspension-and-debarment-rules","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-09/pdf/2026-06864.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06864.pdf?1775652316","publication_date":"2026-04-09","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"asked whether, during a debarment proceeding, the Commission should consider the impact that debarment would have on the provision of services to <span class=\"match\">customers</span> and end-users. We agree that impact on <span class=\"match\">customers</span> and end-users should be considered during suspension and debarment proceedings, and there is support for doing so in the record, but we conclude that we should not treat the potential impact on <span class=\"match\">customers</span> and end-users (including sole source considerations) as a rationale for allowing a person whose misconduct otherwise warrants an exclusion to avoid"},{"title":"Disclosure of Records","type":"Rule","abstract":"The Bureau of the Fiscal Service (Fiscal Service) within the Department of the Treasury (Treasury) is issuing regulations to implement statutory requirements under the SECURE 2.0 Act of 2022 that require Treasury to provide certain U.S. savings bond information to States. A State receiving the information with respect to an applicable savings bond may use the information to locate the owner of the bond pursuant to Treasury's regulations and the State's own standards and requirements under abandoned property rules and regulations of the State. Under the SECURE 2.0 Act of 2022, Treasury is required to issue regulations or guidance to protect the privacy of savings bond owners, prevent fraud, and ensure that information disclosed to a State is used solely to locate savings bond owners.","document_number":"2024-29988","html_url":"https://www.federalregister.gov/documents/2024/12/18/2024-29988/disclosure-of-records","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-12-18/pdf/2024-29988.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-29988.pdf?1734443170","publication_date":"2024-12-18","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"BUREAU OF THE FISCAL SERVICE","name":"Bureau of the Fiscal Service","id":196,"url":"https://www.federalregister.gov/agencies/bureau-of-the-fiscal-service","json_url":"https://www.federalregister.gov/api/v1/agencies/196","parent_id":497,"slug":"bureau-of-the-fiscal-service"}],"excerpts":"Fiscal Service <span class=\"match\">customers</span> to <span class=\"match\">fraud</span> <span class=\"match\">risk</span>. In recent years, Fiscal Service has taken steps that have reduced the opportunities for <span class=\"match\">fraud</span>, and making records of matured, unredeemed savings bonds available to the public would create an unacceptable <span class=\"match\">risk</span> of <span class=\"match\">fraud</span>. Fiscal Service will continue to monitor savings bond <span class=\"match\">fraud</span> and consider implementing further <span class=\"match\">risk</span>-mitigation strategies, which may eventually allow for certain savings bond records to be distributed publicly. \n Liability \n Under § 323.11(d), Treasury will not be responsible for any <span class=\"match\">loss</span>, liability"},{"title":"Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers","type":"Proposed Rule","abstract":"The Department of the Treasury and the SEC are jointly issuing a proposed rulemaking implementing the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 with regard to certain investment advisers. If, as proposed in a separate rulemaking, certain investment advisers are included in the definition of \"financial institution\" under the Bank Secrecy Act, the Secretary of the Treasury and the SEC will be required to jointly prescribe a regulation that, among other things, requires investment advisers to implement reasonable procedures to verify the identities of their customers.","document_number":"2024-10738","html_url":"https://www.federalregister.gov/documents/2024/05/21/2024-10738/customer-identification-programs-for-registered-investment-advisers-and-exempt-reporting-advisers","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-05-21/pdf/2024-10738.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-10738.pdf?1715958912","publication_date":"2024-05-21","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"average internal cost burden for an RIA with 100 <span class=\"match\">customers</span> (the median number of RIA <span class=\"match\">customers</span>) would be $10,630, with most RIAs facing ongoing external annual costs of $2,336.\n 96 \n \n These estimates are based on averages and do not reflect the fact that costs will vary between investment advisers for myriad reasons. In particular, ERA <span class=\"match\">customers</span> are limited to venture capital funds and other private funds. These <span class=\"match\">customers</span> would likely have a smaller per-<span class=\"match\">customer</span> cost than natural person <span class=\"match\">customers</span>.\n \n \n \n 95 \n  \n Id. \n The PRA analysis in Table 1"},{"title":"Regulatory Capital Rule: Category I and II Banking Organizations, Banking Organizations With Significant Trading Activity, and Optional Adoption for Other Banking Organizations","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are proposing to modernize the capital requirements applicable to Category I and II depository institution holding companies and depository institutions, as well as revise the market risk capital framework for banking organizations with significant trading activity (the proposal). The proposal would improve the regulatory capital framework for covered banking organizations by enhancing its risk sensitivity and consistency and by simplifying core components of its design. The agencies expect the proposal would support the safety and soundness of covered banking organizations and U.S. financial stability while promoting lending and other financial intermediation activities in the banking system over a range of economic conditions.","document_number":"2026-05959","html_url":"https://www.federalregister.gov/documents/2026/03/27/2026-05959/regulatory-capital-rule-category-i-and-ii-banking-organizations-banking-organizations-with","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-27/pdf/2026-05959.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-05959.pdf?1774529111","publication_date":"2026-03-27","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"Simple Approaches \n 4. Operational <span class=\"match\">Risk</span> Management \n V. Calculation of <span class=\"match\">Risk</span>-Weighted Assets Under the Market <span class=\"match\">Risk</span> Framework \n A. Market <span class=\"match\">Risk</span> \n 1. Background \n 2. Scope and Application of the Proposed Rule \n 3. Measure for Market <span class=\"match\">Risk</span> \n 4. Market <span class=\"match\">Risk</span> Covered Position \n 5. Internal <span class=\"match\">Risk</span> Transfers \n 6. General Requirements for Market <span class=\"match\">Risk</span> \n 7. Standardized Non-Default Capital Requirement \n 8. Models-Based Non-Default Capital Requirement \n 9. Default <span class=\"match\">Risk</span> Capital Requirement \n 10. Treatment of Certain Market <span class=\"match\">Risk</span> Covered Positions \n 11. Reporting and"},{"title":"Self-Regulatory Organizations; LCH SA; Notice of Filing of Proposed Rule Change Relating to LCH SA's Risk Governance Framework and Collateral, Financial, Credit, Operational and Third Party Risk Policies","type":"Notice","abstract":null,"document_number":"2025-14564","html_url":"https://www.federalregister.gov/documents/2025/08/01/2025-14564/self-regulatory-organizations-lch-sa-notice-of-filing-of-proposed-rule-change-relating-to-lch-sas","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-08-01/pdf/2025-14564.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-14564.pdf?1753965912","publication_date":"2025-08-01","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"the Proposed Rule Change \n \n LCH SA is submitting several <span class=\"match\">risk</span> policies (“<span class=\"match\">Risk</span> Policies”) which LCH SA has adopted, including: (i) the Collateral <span class=\"match\">Risk</span> Policy; (ii) the Financial Resource Adequacy Policy; (iii) the Counterparty Credit <span class=\"match\">Risk</span> Policy; (iv) the Operational <span class=\"match\">Risk</span> Management Policy; (v) the Third Party <span class=\"match\">Risk</span> Management Policy; and (vi) the <span class=\"match\">Risk</span> Governance Framework. The <span class=\"match\">Risk</span> Policies have been issued by LCH Group Holdings Limited (“LCH Group”) \n 3 \n \n and adopted by the LCH SA <span class=\"match\">Risk</span> Committee and LCH SA Board.\n 4 \n \n \n \n \n 3 \n  LCH Group Holdings"},{"title":"Enhancing Surface Cyber Risk Management","type":"Proposed Rule","abstract":"The Transportation Security Administration (TSA) is proposing to impose cyber risk management (CRM) requirements on certain pipeline and rail owner/operators and a more limited requirement, on certain over-the-road bus (OTRB) owner/operators, to report cybersecurity incidents. With the proposed addition of requirements applicable to pipeline facilities and systems, TSA is also proposing that a requirement to have a Physical Security Coordinator and report significant physical security concerns be extended to the same facilities and systems. Finally, TSA is proposing clarifications and reorganization of other regulatory requirements necessitated by these changes.","document_number":"2024-24704","html_url":"https://www.federalregister.gov/documents/2024/11/07/2024-24704/enhancing-surface-cyber-risk-management","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-11-07/pdf/2024-24704.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-24704.pdf?1730900722","publication_date":"2024-11-07","agencies":[{"raw_name":"DEPARTMENT OF HOMELAND SECURITY","name":"Homeland Security Department","id":227,"url":"https://www.federalregister.gov/agencies/homeland-security-department","json_url":"https://www.federalregister.gov/api/v1/agencies/227","parent_id":null,"slug":"homeland-security-department"},{"raw_name":"Transportation Security Administration","name":"Transportation Security Administration","id":494,"url":"https://www.federalregister.gov/agencies/transportation-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/494","parent_id":227,"slug":"transportation-security-administration"}],"excerpts":"determinations were based on the physical security of transportation systems and <span class=\"match\">risks</span> within that context.\n \n \n \n 118 \n  \n See supra \n note 81.\n \n \n \n Use of TSA's <span class=\"match\">risk</span>-based determinations for applicability is consistent with the focus of the 9/11 Act's requirements on higher-<span class=\"match\">risk</span> operations. This <span class=\"match\">risk</span>-based focus is reflected in the statutory requirement that focuses security training requirements on frontline employees, not all employees; \n 119 \n \n requiring <span class=\"match\">risk</span>-based tiers where only the highest tier would be required to comply with regulations"},{"title":"Proposed Exemption From Certain Prohibited Transaction Restrictions Involving Northern Trust Corporation (Together With its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL","type":"Notice","abstract":"This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). The proposed exemption would allow certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.","document_number":"2025-01244","html_url":"https://www.federalregister.gov/documents/2025/01/21/2025-01244/proposed-exemption-from-certain-prohibited-transaction-restrictions-involving-northern-trust","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-21/pdf/2025-01244.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-01244.pdf?1737121516","publication_date":"2025-01-21","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"implementation of <span class=\"match\">risk</span>-based, comprehensive <span class=\"match\">customer</span> due diligence policies, procedures and processes for all <span class=\"match\">customers</span>, particularly those that present a high <span class=\"match\">risk</span> for money laundering or terrorist financing. Northern has also adopted Global Minimum Standards for <span class=\"match\">Customer</span> Due Diligence for its clients as a critical part of its Global AML/Economic Sanctions Compliance Program. \n 27. The Applicant represents that it has new systems for evaluating new clients or acquisitions. Northern represents that it assesses the money laundering and related <span class=\"match\">risks</span> of each"},{"title":"Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB","type":"Notice","abstract":"The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Interchange Transaction Fees Survey (FR 3064; OMB No. 7100-0344).","document_number":"2026-00391","html_url":"https://www.federalregister.gov/documents/2026/01/12/2026-00391/agency-information-collection-activities-announcement-of-board-approval-under-delegated-authority","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-01-12/pdf/2026-00391.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-00391.pdf?1767966319","publication_date":"2026-01-12","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"excerpts":"compliance and regulatory costs; periodic statement and account information costs; and “other” costs.\n 3 \n \n \n \n \n 2 \n  For example, with respect to <span class=\"match\">fraud</span> <span class=\"match\">losses</span> and <span class=\"match\">fraud</span> prevention costs, commenters proposed line items for <span class=\"match\">fraud</span>-prevention costs, <span class=\"match\">fraud</span> detection and monitoring, <span class=\"match\">fraud</span> <span class=\"match\">losses</span>, costs of developing and implementing anti-<span class=\"match\">fraud</span> technologies, data breach-related <span class=\"match\">losses</span>, and costs of <span class=\"match\">fraud</span> monitoring required to facilitate debit card issuing activities. With respect to transaction processing and network costs, commenters proposed line"},{"title":"Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is proposing to amend its regulations governing the types of investments that futures commission merchants (\"FCMs\") and derivatives clearing organizations may make with funds held for the benefit of customers trading futures, foreign futures, and cleared swap transactions. The Commission is also specifying market risk capital charges that an FCM would be required to take on the revised permitted investments in computing the firm's adjusted net capital. The proposed amendments would also amend regulations that require each FCM to report to the Commission and to the firm's designated self-regulatory organization the name, location, and amount of customer funds held by each depository, including any investments of customer funds held by the depository. Lastly, the Commission is proposing to revise its regulations to eliminate the requirement that a depository holding customer funds must provide the Commission with read-only electronic access to such accounts for the FCM to treat the funds held in the accounts as customer segregated fund accounts.","document_number":"2023-24774","html_url":"https://www.federalregister.gov/documents/2023/11/21/2023-24774/investment-of-customer-funds-by-futures-commission-merchants-and-derivatives-clearing-organizations","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-11-21/pdf/2023-24774.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-24774.pdf?1700487918","publication_date":"2023-11-21","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"limiting <span class=\"match\">customer</span> <span class=\"match\">risk</span>, Commission regulations also provide that FCMs and DCOs are financially responsible for any <span class=\"match\">losses</span> resulting from Permitted Investments, and are explicitly prohibited from allocating investment <span class=\"match\">losses</span> to <span class=\"match\">customers</span> or clearing FCMs, respectively.\n 42 \n \n \n \n \n 42 \n  Regulation 1.29 provides that FCMs or DCOs, as applicable, shall bear sole responsibility for any <span class=\"match\">losses</span> resulting from the investment of futures <span class=\"match\">customer</span> funds, and further provides that no investment <span class=\"match\">losses</span> shall be borne or otherwise allocated to FCM <span class=\"match\">customers</span> or to"},{"title":"Order Preempting the Illinois Interchange Fee Prohibition Act","type":"Notice","abstract":"The OCC is issuing an interim final order concluding that Federal law preempts the Illinois Interchange Fee Prohibition Act, which purports to prohibit national banks and Federal savings associations from charging or receiving interchange fees on the tax and gratuity portions of payment card transactions; and restrict the use of payment card transaction data. The OCC invites public comments on this interim final order.","document_number":"2026-08341","html_url":"https://www.federalregister.gov/documents/2026/04/29/2026-08341/order-preempting-the-illinois-interchange-fee-prohibition-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-29/pdf/2026-08341.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08341.pdf?1777380322","publication_date":"2026-04-29","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"data is transaction data,\n 56 \n \n which can be used to strengthen <span class=\"match\">risk</span> management, support <span class=\"match\">fraud</span> analysis, tailor products and services to <span class=\"match\">customer</span> needs, and increase operational efficiency.\n 57 \n \n Accordingly, Federal regulations and guidance afford national banks the flexibility to integrate <span class=\"match\">risk</span> management principles “within the bank's <span class=\"match\">risk</span> management system commensurate with the bank's size, complexity, and <span class=\"match\">risk</span> profile,” to include utilizing transaction data in support of <span class=\"match\">fraud</span> detection and prevention.\n 58 \n \n \n \n \n 54 \n  12 CFR 7.5006(a);"},{"title":"Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Transactions of Exempt Persons Regulations, and FinCEN Form 110, Designation of Exempt Person Report","type":"Notice","abstract":"As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on the proposed renewal, without change, of existing information collection requirements found in Bank Secrecy Act regulations that require a bank to file a FinCEN Form 110, Designation of Exempt Person, to designate eligible customers as exempt persons, such that a bank is not required to file a report with respect to any transaction in currency over $10,000 with such customers. In addition to filing this report, the regulations require the bank to take steps to ensure that a person meets the requirements for an exemption, document the basis for the bank's initial conclusion that a person is exempt, annually review the eligibility of certain exempt persons, document compliance with the requirements of FinCEN Form 110, Designation of Exempt Person, and maintain a monitoring system that is reasonably designed to detect, for each account of a non-listed business or payroll customer, transactions in currency requiring a bank to file a suspicious transaction report. This request for comments is made pursuant to the Paperwork Reduction Act of 1995.","document_number":"2024-17605","html_url":"https://www.federalregister.gov/documents/2024/08/08/2024-17605/agency-information-collection-activities-proposed-renewal-comment-request-renewal-without-change-of","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-08-08/pdf/2024-17605.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-17605.pdf?1723034798","publication_date":"2024-08-08","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"person that is a (1) listed entity, (2) subsidiary of a listed entity, (3) non-listed business <span class=\"match\">customer</span>, or (4) payroll <span class=\"match\">customer</span>. As part of the annual review, a bank must also review the application to each existing account of a non-listed business or payroll <span class=\"match\">customer</span> of the monitoring system that 31 CFR 1020.315(h)(2) requires the bank to maintain (related to suspicious activity monitoring). \n \n Under 31 CFR 1020.315(e), a bank must take steps to assure <span class=\"match\">itself</span> that an exempt person meets the definition of that term (\n see \n 31 CFR 1020.315(b), summarized"},{"title":"Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the VanEck JitoSOL ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)","type":"Notice","abstract":null,"document_number":"2026-05475","html_url":"https://www.federalregister.gov/documents/2026/03/20/2026-05475/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-of-proposed-rule-change","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-20/pdf/2026-05475.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-05475.pdf?1773924317","publication_date":"2026-03-20","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"availability of information necessary to aid in the detection and deterrence of potential <span class=\"match\">fraud</span> and manipulation with respect to a commodity or commodity underlying a commodity-based asset, and that the availability of such information can be reasonably expected to assist a listing exchange in its efforts to surveil for <span class=\"match\">fraud</span> and manipulation that may impact the Commodity-Based Trust Shares.\n 13 \n \n \n \n \n 13 \n  \n See \n Approval Order at 45418-19.\n \n \n While JitoSOL <span class=\"match\">itself</span> would not presently meet the eligibility criteria described above, the Exchange and"},{"title":"Patient Protection and Affordable Care Act, HHS Notice of Benefit and Payment Parameters for 2027; and Basic Health Program","type":"Proposed Rule","abstract":"This proposed rule contains provisions to improve implementation of the Patient Protection and Affordable Care Act, including payment parameters and provisions related to the HHS-operated risk adjustment and risk adjustment data validation (HHS-RADV) programs, as well as 2027 user fee rates for issuers offering qualified health plans (QHPs) through Federally-facilitated Exchanges (FFEs) and State-based Exchanges on the Federal platform (SBE-FPs). This proposed rule also includes provisions related to civil money penalties (CMPs) for noncompliant issuers and other responsible entities; standards governing agents, brokers, and web-brokers; the expansion and codification of hardship exemption eligibility; implementation of the State Exchange Improper Payment Measurement (SEIPM); provider access standards and essential community provider standards for QHP certification; QHP certification of non-network plans; a prohibition on issuers from including routine non-pediatric dental services as an Essential Health Benefit (EHB); cost-sharing flexibilities for catastrophic and individual market bronze plans; establishment of catastrophic plans with plan terms of up to 10 consecutive years; QHP issuer quality improvement strategies (QISs); revisions affecting which enrollees are included in Federal Basic Health Program (BHP) payment calculations to States; and seeks comment on potential adjustments to other Federal standards, including the Federal medical loss ratio (MLR) standard in the individual market. This proposed rule also includes amendments to implement certain provisions of the Working Families Tax Cut (WFTC) legislation.","document_number":"2026-02769","html_url":"https://www.federalregister.gov/documents/2026/02/11/2026-02769/patient-protection-and-affordable-care-act-hhs-notice-of-benefit-and-payment-parameters-for-2027-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-11/pdf/2026-02769.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-02769.pdf?1770671709","publication_date":"2026-02-11","agencies":[{"raw_name":"DEPARTMENT OF HEALTH AND HUMAN SERVICES","name":"Health and Human Services Department","id":221,"url":"https://www.federalregister.gov/agencies/health-and-human-services-department","json_url":"https://www.federalregister.gov/api/v1/agencies/221","parent_id":null,"slug":"health-and-human-services-department"},{"raw_name":"Centers for Medicare & Medicaid Services","name":"Centers for Medicare & Medicaid Services","id":45,"url":"https://www.federalregister.gov/agencies/centers-for-medicare-medicaid-services","json_url":"https://www.federalregister.gov/api/v1/agencies/45","parent_id":221,"slug":"centers-for-medicare-medicaid-services"},{"raw_name":"Office of the Secretary"}],"excerpts":"\n B. Part 153—Standards Related to Reinsurance, <span class=\"match\">Risk</span> Corridors, and <span class=\"match\">Risk</span> Adjustment \n \n In subparts A, B, D, G, and H of part 153, we established standards for the administration of the <span class=\"match\">risk</span> adjustment program. The <span class=\"match\">risk</span> adjustment program is a permanent program created by section 1343 of the Affordable Care Act that transfers funds from issuers of <span class=\"match\">risk</span> adjustment covered plans that have lower-than-average <span class=\"match\">risk</span> enrollees to issuers of <span class=\"match\">risk</span> adjustment covered plans that have higher-than-average <span class=\"match\">risk</span> enrollees, which includes issuers with plans in"},{"title":"Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses","type":"Notice","abstract":"Over the past several years, the Office of the Comptroller of the Currency (OCC), Treasury; the Board of Governors of the Federal Reserve System (Board); and the Federal Deposit Insurance Corporation (FDIC) (collectively, \"the agencies\" or \"agency\" when referencing the singular) have observed and reviewed arrangements between banks and financial technology (fintech) companies. The agencies support responsible innovation and banks pursuing bank-fintech arrangements in a manner consistent with safe and sound banking practices, and with applicable laws and regulations, including consumer protection requirements and those addressing financial crimes. Bank-fintech arrangements can provide benefits; however, supervisory experience has highlighted a range of potential risks with these bank-fintech arrangements. This request solicits input on the nature of bank-fintech arrangements, effective risk management practices regarding bank- fintech arrangements, and the implications of such arrangements, including whether enhancements to existing supervisory guidance may be helpful in addressing risks associated with these arrangements.","document_number":"2024-16838","html_url":"https://www.federalregister.gov/documents/2024/07/31/2024-16838/request-for-information-on-bank-fintech-arrangements-involving-banking-products-and-services","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-07-31/pdf/2024-16838.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-16838.pdf?1722343529","publication_date":"2024-07-31","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"Insurance and Dealings with Crypto Companies (July 20, 2022); Joint Statement on the <span class=\"match\">Risk</span>-Based Approach to Assessing <span class=\"match\">Customer</span> Relationships and Conducting <span class=\"match\">Customer</span> Due Diligence (July 6, 2022); Interagency Guidance to Issuing Banks on Applying <span class=\"match\">Customer</span> Identification Program Requirements to Holders of Prepaid Cards (Mar. 21, 2016); Interagency Policy Statement on Funding and Liquidity <span class=\"match\">Risk</span> Management, 75 FR 13656 (Mar. 22, 2010); Interagency Interpretive Guidance on <span class=\"match\">Customer</span> Identification Program Requirements, (Apr. 28, 2005); Unfair or Deceptive Acts"},{"title":"Proposed Exemption for the Royal Bank of Canada and Its Current and Future Affiliates (Collectively, RBC or the Applicant) Located in Toronto, Ontario, Canada","type":"Notice","abstract":"This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and the Internal Revenue Code of 1986 (the Code). This proposed exemption would permit certain qualified professional asset managers with specified relationships to Royal Bank of Canada Trust Company (Bahamas) Limited, and certain current and future affiliates of the Royal Bank of Canada (collectively, the RBC QPAMs), to continue to rely on the class exemptive relief granted in Prohibited Transaction Exemption (PTE) 84- 14 (PTE 84-14, or the QPAM Exemption), notwithstanding the March 5, 2024 judgment of conviction against Royal Bank of Canada Trust Company (Bahamas) Limited (RBCTC Bahamas) for aiding and abetting tax fraud, entered in France in the Paris Court of Appeal.","document_number":"2025-01067","html_url":"https://www.federalregister.gov/documents/2025/01/17/2025-01067/proposed-exemption-for-the-royal-bank-of-canada-and-its-current-and-future-affiliates-collectively","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-17/pdf/2025-01067.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-01067.pdf?1737035121","publication_date":"2025-01-17","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"liquidation and additional costs arising from the transition constitute actual <span class=\"match\">losses</span> resulting directly from the failure of such QPAM to qualify for the exemptive relief provided by PTE 84-14 as a result of violation of section I(g) of PTE 84-14. If a plan's fiduciary is compelled to replace an RBC asset manager as a result of a violation of section I(g) and the asset manager's <span class=\"match\">loss</span> of QPAM status, the affected plan is entitled to indemnification of its associated <span class=\"match\">losses</span>, including the transitional expenses necessary to effectuate the switch to a"},{"title":"Enhancing Know-Your-Upstream-Provider Requirements and Strengthening STIR/SHAKEN (Call Authentication Trust Anchor; Advanced Methods To Target and Eliminate Unlawful Robocalls)","type":"Proposed Rule","abstract":"In this document, the Federal Communications Commission (Commission) proposes steps to strengthen its robocall mitigation framework by enhancing Know-Your-Upstream-Provider (KYUP) requirements, improving oversight of voice service providers by the STIR/SHAKEN Governance Authority, raising caller ID attestation standards, and closing implementation gaps in STIR/SHAKEN implementation. Specifically, the Commission proposes establishing baseline KYUP information-collection, compliance review, verification, monitoring, and responsive-action requirements to ensure providers can identify and cut off bad-actor upstream providers. The Commission also proposes measures to expand the Governance Authority's vetting, enforcement, and reporting responsibilities to prevent misuse of STIR/SHAKEN certificates and to remove noncompliant providers from the authentication ecosystem. The Commission further proposes clarifying and strengthening STIR/SHAKEN attestation rules, including codifying attestation levels, defining improper attestations, and specifying permissible mechanisms for verifying number-to-customer associations. Additionally, the Commission proposes and seeks comment on additional steps to close caller ID authentication gaps, such as refining provider definitions, reconsidering exemptions, requiring providers serving end users to assign STIR/SHAKEN attestations, and ensuring calls maintain authentication information. The Commission also seeks comment on special circumstances, including addressing issues with foreign- originated calls.","document_number":"2026-13874","html_url":"https://www.federalregister.gov/documents/2026/07/09/2026-13874/enhancing-know-your-upstream-provider-requirements-and-strengthening-stirshaken-call-authentication","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-09/pdf/2026-13874.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-13874.pdf?1783514714","publication_date":"2026-07-09","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"rules, or would create a <span class=\"match\">risk</span> of foreign retaliation.\n \n G. Cost-Benefit Analysis \n We seek comment on the overall costs and benefits of our proposals above and whether the benefits will outweigh the costs. \n Consumers continue to be victims of significant <span class=\"match\">fraud</span>, and a substantial amount of the <span class=\"match\">fraud</span> is perpetrated through illegal calls. According to the most recent Federal Trade Commission Consumer Sentinel Network Data Book, 19% of reported <span class=\"match\">fraud</span> was due to phone calls and the median <span class=\"match\">loss</span> to individuals of such <span class=\"match\">fraud</span> was $1500 in 2024 for a total"}]}