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12 Jun 2024, 7:02 am by Howard Mulligan
In many ways, these state statutes have been a step in the right direction, in addressing matters such as profit allocation and institutional transparency, as well as in the establishment of safety, insurance and health care safeguards. [read post]
12 Jun 2024, 6:53 am by Aaron Wudrick
There are also restrictions in banking and insurance. [read post]
5 Jun 2024, 9:01 pm by renholding
On May 6, 2024, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Housing Finance Agency re-proposed their joint rule to implement Section 956 of the Dodd-Frank Act, which requires federal financial regulators to prohibit, at any financial institution with consolidated assets of at least $1 billion, incentive-based compensation that encourages inappropriate risks. [read post]
5 Jun 2024, 2:36 pm by Michael Lowe
Stated Audit Focus on Wealthiest Taxpayers, Large Corporations, Partnerships This new IRS Strategic Operating Plan also explains there will be “[m]ore audit focus on wealthiest taxpayers, large corporations, partnerships. [read post]
3 Jun 2024, 10:00 pm by Sherica Celine
To strengthen regulatory oversight of large banking organizations, proposed guidance was issued by the Federal Reserve Board and the Federal Deposit Insurance Corporation in 2023 and the agencies continue to develop the final guidance. [read post]
3 Jun 2024, 10:00 pm by Sherica Celine
They tell more about the health of the plan to the governing agencies and, consequently, can expose the sponsor to agency and participant scrutiny—so careful review is required. [read post]
Because the FLSA’s text does not proscribe how to assess a worker’s proper classification, courts are apt to apply Chevron deference—which requires a court to abide by an agency’s reasonable interpretation of an ambiguous statute—to the DOL’s Final Rule. [read post]
28 May 2024, 9:05 pm by renholding
That in turn, can decrease agency costs and information asymmetries and improve directors’ understanding of their oversight role as well as their ability to do their jobs and fulfill their fiduciary roles. [read post]
27 May 2024, 7:22 am by Jonathan Rosenfeld
  Providing false information to an insurance company is grounds to deny the claim. [read post]
21 May 2024, 9:01 pm by renholding
A legal challenge to the Final Rule has already been filed by an insurance industry trade group in the U.S. [read post]
21 May 2024, 10:07 am by KJK
While serving as Senior Counsel at Nationwide Mutual Insurance Company, Scott managed the company’s trademark portfolio. [read post]
21 May 2024, 6:28 am by Associated Press
The White House said the chairman of the Federal Deposit Insurance Corporation will step down after a report about a toxic workplace culture. [read post]
20 May 2024, 4:12 pm by Yosi Yahoudai
NEW YORK — The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release earlier this month of a damning report about the agency’s toxic workplace culture. [read post]
20 May 2024, 3:43 pm by Xandra Kramer
The Directive marks an important step in human rights and environmental protection, aiming to foster sustainable and responsible corporate behaviour throughout global value chains. [read post]
16 May 2024, 1:24 pm by bklemm@foley.com
Certain penalties are administrative (i.e., they may be imposed or assessed by one of the governmental agencies delegated to administer the collection of the annual return/report data). [read post]
13 May 2024, 10:00 pm by Sherica Celine
Insured Depository Institution and Depository Institution Holding Company Mergers and Acquisitions Review the regulatory framework governing mergers and acquisitions for insured depository institutions and holding companies. [read post]
12 May 2024, 9:01 pm by renholding
In 2023, Florida enacted FL HB 3, a law entitled “Government and Corporate Activism” that became effective on July 1, 2023. [read post]
7 May 2024, 9:32 am by vforberger
§ 503(a)(11) states, “At the time the State agency determines an erroneous payment from its unemployment fund was made to an individual due to fraud committed by such individual, the assessment of a penalty on the individual in an amount of not less than 15 percent of the amount of the erroneous payment. [read post]
2 May 2024, 6:57 am by Lindsay Griffiths
Alishan: So, Lindsay, as I said, I am a practicing litigator in addition to having a fair amount of corporate practice. [read post]