Business Highlights – Yahoo News

Leading Health Groups Urge FDA to Finalize Rule Regulating All Tobacco Products by… — WASHINGTON, Aug. 8, 2014 /PRNewswire-USNewswire/ —

PR Newswire

___ Report: Homeowners paid $3.1B cash in settlement WASHINGTON (AP) — A new report says homeowners have received about $3.1 billion in cash under a federal settlement with 13 big banks over alleged misconduct in processing mortgages that may have resulted in wrongful foreclosures. The report by the Federal Reserve released Monday says 83 percent of the 4.2 million borrowers covered by the January 2013 settlement, or about 3.4 million, had cashed checks as of April 25. The amounts paid range from several hundred dollars to $125,000.
citation: http://news.yahoo.com/business-highlights-220254366.html

Today is the close of the period for public comments to the FDA on its proposed rule to assert authority over all web link tobacco products, including cigars and e-cigarettes. The FDA issued the proposed rule in April, three years after first announcing plans to do so. The agency currently regulates cigarettes, smokeless tobacco and roll-your-own tobacco under a landmark 2009 law, the Family Smoking Prevention and Tobacco Control Act. “The deeming of all tobacco products as subject to FDA’s regulatory authority is critical to protecting the public health against the risks posed by an increasingly dynamic and diverse marketplace in tobacco products and ensuring continued, and accelerated, progress toward eliminating tobacco-related disease and death,” the health groups wrote. “However, the proposed rule must be strengthened, and made comprehensive in scope, to prevent the manufacturers of tobacco products from designing and marketing their products in ways that undercut the full potential of the Tobacco Control Act to achieve its lifesaving objectives.” The health groups specifically called for the following actions: The FDA should issue a final rule asserting jurisdiction over all tobacco products by April 25, 2015. The FDA should also immediately begin to close regulatory gaps in its proposal and finalize any additional rules needed to close those gaps by that same date.
citation: http://www.prnewswire.com/news-releases/leading-health-groups-urge-fda-to-finalize-rule-regulating-all-tobacco-products-by-april-2015-and-reject-exemption-for-some-cigars-270502681.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s