Month: May 2013

Reminder: Ban on arbitration clauses in consumer loans secured by a dewlling effective June 1, 2013

The February 2013 Reg Z amendment prohibiting limitations on certain consumer litigation rights for loans secured by a dwelling goes into effect tomorrow, June 1, 2013. The amendment includes a ban on mandatory binding arbitration clauses [Reg Z § 226.36(h)].

Posted in Banking

Texas resident charged with selling counterfiel “Yellow Tag” items on eBay

The DOT inspector General announced that a Texas resident has been criminally charged for attaching false “yellow tags” and selling the items of eBay. It appears, at this point, that these are state charges. •Inspector General announcement •Tarrrant County, TX

Posted in Aviation

FDIC and OCC announcements regarding Oklahoma storms

In separate announcements today, the FDIC and OCC provided guidance to financial institutions to facilitate recovery efforts in Oklahoma. As the OCC put it, “The OCC recognizes the effects of natural disasters on individuals and businesses are often temporary, and

Posted in Banking

New Proposed FAA Pilot Certification Standards

An FAA/industry working group drafted proposed new knowledge and flight proficiency requirements for the private pilot certificate and instrument rating. The stated goal is to reduce the the GA fatality rate by combining task-specific risk management considerations with the flying

Posted in Aviation

Tennessee resident indicted for flying without a license

According to the office of the Inspector General for the Department of Transportation, a Tennessee resident was indicted last week for piloting an aircraft without a pilot certificate. As reported by the IG’s office: On April 1, 2013, air traffic

Posted in Aviation

Yes, Virginia, you do have to obey ATC instructions

One of the repeated hot topics among pilots is whether a pilot who is not on an IFR flight plan must obey an ATC instruction in Class E airspace. On April 25, 2013, the FAA’s Office of the Chief Counsel

Posted in Aviation