Regulation

New regs for Thursday: Airport security, housing, finance

Thursday’s edition of the Federal Register contains new rules for airport security, low-income housing credits and mortgage lending.

{mosads}Here’s what is happening:

Airports: The Transportation Security Administration (TSA) is moving forward with new airport security measures.

Airport security officials will employ advanced imaging technology — better known as full-body scanners — to screen passengers for explosive devices and other weapons.

TSA has been using full-body scanners since 2008, but a federal court ordered the security agency to go through the formal rulemaking process.

The rule goes into effect in 60 days.

Housing: The Internal Revenue Service (IRS) is moving forward with new regulations for low-income housing credits.

The rules apply to government utility allowances provided to people who live in low-income homes. The allowances will now cover renewable energy that tenants purchase directly from their landlord, as opposed to “delivered by a local utility company.”

The new rules go into effect immediately.

Finance: The Consumer Financial Protection Bureau (CFPB) is moving forward with new rules that could affect mortgage lending in rural areas.

The CFPB rule will define which rural areas are affected by the agency’s mortgage rule.

The agency will begin accepting applications at the end of the month for designating rural areas.

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