New regs for Tuesday: Student loans, blood donations, swap dealers

Tuesday’s edition of the Federal Register contains new rules for receiving student loan tax credits, guidelines for blood donations, and exemptions for swap dealers.

Here’s what is happening:

Student loans: The Internal Revenue Service (IRS) is proposing new rules for educational tax credits.

{mosads}The changes would affect students and graduates who report “qualified tuition and related expenses.”

The public has 90 days to comment on the proposed rules.

Finance: The Obama administration is loosening the rules for swap dealers.

The Treasury Department, Federal Reserve, Federal Deposit Insurance Corp. (FDIC), Farm Credit Administration and Federal Housing Finance Agency on Monday issued new exemptions to the margin requirements for certain swap dealers.

The finance regulators issued the rules last November as part of the Dodd-Frank financial reform law, but is now moving forward with exemptions for certain swaps.

The changes go into effect on Oct. 1.

Blood: The Food and Drug Administration (FDA) is moving forward with new guidelines for blood donations.

The FDA will not enforce certain donor eligibility rules for autologous use. This means a person undergoing surgery donates blood for their own use after the procedure.

The public may comment at any time.