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  The CCAP is comprised of three bills: S.B. 252 (applicable only to two California state pension funds, and not discussed further herein), S.B. 253 (the “Climate Corporate Data Accountability Act” of “CCDA”) and S.B. 261 (the “Climate-Related Financial Risk Act” or “CFRA”). [read post]
29 Sep 2023, 2:55 pm by Kalvis Golde
Internal Revenue Service 23-146Issue: Whether the proceeds of a life-insurance policy taken out by a closely held corporation on a shareholder in order to facilitate the redemption of the shareholder’s stock should be considered a corporate asset when calculating the value of the shareholder’s shares for purposes of the federal estate tax. [read post]
28 Sep 2023, 9:22 am by Amy Howe
And the CFPB’s funding statute is “not materially distinct from” those of other financial regulators such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board itself, the CFPB asserts. [read post]
28 Sep 2023, 6:56 am by Kevin LaCroix
In the following guest post, Persia Navidi, Partner in Insurance, Cyber and Climate Risk at Hicksons Lawyers, provides an overview of the state of play with regard to ESG in Australia, and also discusses the related insurance issues. [read post]
27 Sep 2023, 3:00 am by Sami Azhari
This money should have gone toward paying employee taxes under the Federal Insurance Contribution Act, also known as FICA. [read post]
26 Sep 2023, 9:01 pm by renholding
Several banks assigned portions of the term loan made to Millennium Laboratories LLC (“Millennium”) to institutional investor groups, including mutual funds, hedge funds and other institutions. [read post]
21 Sep 2023, 7:20 am by Robin E. Kobayashi
” She examines a study published by the California Workers’ Compensation Insurance Rating Bureau (WCIRB) supplementing its earlier assessments as to medical treatments and costs of COVID-19 claims. [read post]
21 Sep 2023, 7:07 am by Robin E. Kobayashi
Another obstacle is the very nature of California’s system, which has a competitive insurance market rather than an exclusive state fund. [read post]
21 Sep 2023, 6:50 am by Lindsay Griffiths
We grew through the COVID lockdowns, notwithstanding that we were almost subject to a police state set of conditions imposed by our government here, but we managed to go through that. [read post]
20 Sep 2023, 9:01 pm by renholding
The major auditors are preparing teams for sustainability reporting; otherwise, member states may authorise other independent certified assurance providers to perform the role. [read post]
15 Sep 2023, 2:02 pm by Cynthia Marcotte Stamer
“We will hold accountable those who misuse taxpayer funds for their own self-enrichment. [read post]
7 Sep 2023, 9:01 pm by renholding
The LTD Proposal would encompass approximately 18 larger and midsized depository institution holding companies and their subsidiary insured depository institutions (ranging from traditional regional banking organizations to credit card and other niche organizations), one US intermediate holding company (“IHC”) of a foreign banking organization, and seven or eight other US banking organizations. [read post]
7 Sep 2023, 1:17 pm by Tobin Admin
Here, it also wasn’t entirely clear how the Housing Authority was insured or whether any insurance was linked to the State, and there was no evidence that its employees were connected to the State via the merit system, their retirement plans, or any other rules affecting State workers. [read post]
4 Sep 2023, 5:44 am by Kevin LaCroix
(Please note that these figures do not include state court securities class action lawsuit filings.) [read post]
1 Sep 2023, 4:00 am by Jim Sedor
The ruling means jury selection would begin a day before Super Tuesday, when California, Texas, and a dozen other states hold their presidential primaries. [read post]
31 Aug 2023, 9:05 pm by Sri Medicherla
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency jointly issued a proposed rule establishing a minimum long-term debt requirement for certain insured depository institutions. [read post]
31 Aug 2023, 8:25 pm by Sri Medicherla
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency jointly issued a proposed rule establishing a minimum long-term debt requirement for certain insured depository institutions. [read post]
29 Aug 2023, 8:10 am
  Most telling in this respect a key point that might be lost in the verbiage of the "Call for Input": "The report does not cover multilateral or national development finance institutions, insurance companies or fintech. [read post]
28 Aug 2023, 9:58 am
This offense will often involve employee theft, and it may happen within corporate settings where employees have access to company funds. [read post]