Saturday - February 24, 2024
Federal Regulatory Agencies

News releases, reports, statements and associated documents from federal regulatory agencies ranging from the Securities Exchange Commission to the Commodities Futures Trading Commission

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NRC Names New Resident Inspector Beaver Valley Nuclear Power Plant
WASHINGTON, Feb. 23 -- The Nuclear Regulatory Commission issued the following news release on Feb. 22, 2024:

The Nuclear Regulatory Commission has selected Alex Nugent as the resident inspector at the Beaver Valley nuclear power plant in Shippingport, Pennsylvania. He joins Senior Resident Inspector Neil Day at the two-unit site, which is operated by Energy Harbor.

"Alex has the technical knowledge and experience to immediately contribute to the NRC's oversight at Beaver Valley," said NRC Region I Administrator Ray Lorson. "We welcome him as part of the NRC inspection team at the site."

Nugent ... Show Full Article

NRC Issues Event Notification for Wolf Creek Nuclear Plant, Kansas
WASHINGTON, Feb. 23 -- The Nuclear Regulatory Commission issued the following event notification (No. 56983) involving Wolf Creek Nuclear Plant, Kansas:

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Facility: Wolf Creek

Region: 4

State: KS

Unit: [1] [] []

RX Type: [1] W-4-LP

NRC Notified By: Travis Tillman

HQ OPS Officer: Ernest West

Notification Date: 02/21/2024

Notification Time: 10:33 [ET]

Event Date: 02/21/2024

Event Time: 07:08 [CST]

Last Update Date: 02/21/2024

Emergency Class: Non Emergency

10 CFR Section:

26.719 - Fitness For Duty

Person (Organization): Drake, James (R4DO)

Power Reactor Unit Info

Unit ...SCRAM ... Show Full Article

NRC Issues Event Notification for Watts Bar Nuclear Plant, Tenn.
WASHINGTON, Feb. 23 -- The Nuclear Regulatory Commission issued the following event notification (No. 56970) involving Watts Bar Nuclear Plant, Tennessee:

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Facility: Watts Bar

Region: 2

State: TN

Unit: [1] [2] []

RX Type: [1] W-4-LP,[2] W-4-LP

NRC Notified By: Tyson Jones

HQ OPS Officer: Kerby Scales

Notification Date: 02/16/2024

Notification Time: 02:05 [ET]

Event Date: 02/15/2024

Event Time: 22:24 [EST]

Last Update Date: 02/21/2024

Emergency Class: Non Emergency

10 CFR Section:

50.72(b)(3)(iv)(A) - Valid Specif Sys Actuation

Person (Organization): Miller, Mark (R2DO)

Power ... Show Full Article

FCC Commissioner Starks Issues Statement on Review of Commission's Broadcast & Cable Equal Employment Opportunity Rules, Policies
WASHINGTON, Feb. 23 -- The Federal Communications Commission issued the following statement on Feb. 22, 2024, by Commissioner Geoffrey Starks on an action entitled "In the Matter of Review of the Commission's Broadcast and Cable Equal Employment Opportunity Rules and Policies, Fourth Report and Order, Order on Reconsideration, and Second Further Notice of Proposed Rulemaking" (MB Docket No. 98-204):

* * *

A '98 docket number. A fourth report and order. Today's item has a long history. Let me summarize briefly: in 1970, the FCC, under its public interest authority, began requiring broadcasters ... Show Full Article

EEOC Sues Gracious Bakery for Pregnancy Discrimination
NEW ORLEANS, Louisiana, Feb. 23 -- The Equal Employment Opportunity Commission issued the following news release on Feb. 22, 2024:

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New Orleans-based Bakery Fired Employee Because of Medical Condition Related to Her Pregnancy, Federal Agency Charges

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Gracious, LLC, a company based in New Orleans and doing business as Gracious Bakery + Cafe, violated federal law when it fired an employee because of a medical condition related to her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed February 16, 2024.

According to the EEOC, the bakery operator ... Show Full Article

CFTC Staff Issues No-Action Letter Regarding Pre-Trade Mid-Market Mark for Certain Interest Rate Swaps
WASHINGTON, Feb. 23 -- The Commodity Futures Trading Commission issued the following news release on Feb. 22, 2024:

The Commodity Futures Trading Commission's Market Participants Division (MPD) today issued a no-action letter in relation to the requirement in Regulation 23.431 that swap dealers and major swap participants (swap entities) disclose to certain counterparties the Pre-Trade Mid-Market Mark (PTMMM) of a swap.

The no-action position issued today states that MPD will not recommend the Commission take an enforcement action against a registered swap entity for its failure to disclose ... Show Full Article

CFPB: Credit Card Interest Rate Margins at All-Time High
WASHINGTON, Feb. 23 -- The Consumer Financial Protection Bureau issued the following commentary on Feb. 22, 2024:

By Dan Martinez and Margaret Seikel

By some measures, credit cards have never been this expensive. For cardholders who carry a balance without paying it off in full each month, issuers generally charge interest based on annual percentage rates (APRs). In 2022 alone, major credit card companies charged over $105 billion in interest, the primary cost of credit cards to consumers. While the effects of increases to the target federal funds rate have received considerable attention, the ... Show Full Article