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The Justice Department has determined that the Treasury Department has the authority to limit debt issuance by the mortgage banks Fannie Mae and Freddie Mac, but any attempts to do so may be challenged in courts.

Government compensation 'czar' Kenneth Feinberg is determining compensation at about 300 companies that are receiving government financing from the Troubled Asset Relief Program. The guidelines determine the ratio of stock to cash in compensation, rather than limit the amount an employee can earn. The highest-paid employees of Citigroup Inc., GMAC, American International Group Inc. and General Motors Co. are subject to the cash-and-stock rule.

In order to comply with regulations intended to eliminate Internet gambling, American financial institutions will be allowed an additional six months by the Federal Reserve and the Treasury Department. The rules prohibit financial institutions from accepting from accepting credit cards payments, check payments or electronic fund transfers in settlement of online wagers. The rules will now be effective as of June 1 of 2010.

Airports in Tampa, Key West and Houston have been urging the government to put them on its ports of entry list to Cuba. Family members of Cuban citizens, academics, government officials and those with special permits are allowed to travel to Cuba under Treasury rules. It's estimated that up to one million Americans per year would travel to Cuba if the regulations were eased.

A letter signed by 16 banking industry and trade associations has been sent to Secretary Timothy Geithner, evaluating the new off-balance-sheet accounting rule change, and urging caution in its implementation. The groups have been lobbying against the bill to the tune of millions of dollars.

The United States Committee on Foreign Investment in the United States will look at rules regarding sovereign investments investing in U.S. businesses that are less than 10%.