News

Daily Financial Regulation Update -- Thursday May 2, 2024

By EsqSocial Corporation 02/05/24

May 1, 2024 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “Merger Policies of the Federal Banking Agencies.” The Committee heard testimony from: James L.

Pregnant Workers Glowing Over New Pregnancy Related Rights and Benefits

By EsqSocial Corporation 02/05/24

Pregnant workers will soon have the right to an expanded range of accommodations under the final regulations interpreting the federal Pregnant Workers Fairness Act (PWFA). Those regulations, issued by the Equal Employment Opportunity Commission (EEOC), take effect June 18, 2024....

U.S. Drug Enforcement Administration Recommends Rescheduling Marijuana To Schedule III, Similar to Tylenol With Codeine

By EsqSocial Corporation 02/05/24

The U.S. Drug Enforcement Administration will recommend that marijuana should be rescheduled from a Schedule I drug to a Schedule III drug, according to an announcement made April 30, 2024 by the U.S. Department of Justice.

Proposed State and Federal PBM Legislation: Is There Reason for Action Now?

By EsqSocial Corporation 02/05/24

Legislation aiming to reform the regulation of pharmacy benefit managers (PBMs) remains on the horizon on both the federal and state levels. In particular, 2023 was a fertile year for PBM legislative initiatives....

Potential Exceptions Under FTC’s Non-Compete Ban

By EsqSocial Corporation 02/05/24

On April 24, 2024, the U.S. Federal Trade Commission (FTC) promulgated its final rule prohibiting non-competes for most workers in the United States (the “Final Rule”).

Battle Over PFAS: Michigan Supreme Court Takes on Regulatory Challenge

By EsqSocial Corporation 02/05/24

On Friday, April 26, 2024, Michigan Supreme Court Justices accepted a briefing from the Homebuilders Association of Michigan in support of a manufacturer’s challenge to the State’s maximum containment levels for certain per- and polyfluoroalkyl substances (PFAS).

Utah Expands Employee Religious Protections

By EsqSocial Corporation 02/05/24

The Utah Antidiscrimination Act has been amended to expand religious accommodation requirements for employers under Utah law. The Utah Legislature passed House Bill 396 (H.B. 396), and Governor Spencer Cox signed the bill on March 19, 2024. The new law went into effect on May 1, 2024.

CFPB Crusade Continues: Mortgage Servicers and "Junk Fees"

By EsqSocial Corporation 02/05/24

Continuing its vigorous effort to eliminate so-called “junk fees,” and detailing other problematic mortgage servicer activities, the Consumer Financial Protection Bureau (CFPB) recently released its Spring 2024 Supervisory Highlights, Mortgage Servicing Edition (Supervisory Highlights).

The EEOC’s Enforcement Guidance on Harassment in the Workplace: What Employers Need to Know

By EsqSocial Corporation 02/05/24

The EEOC recently released its final Enforcement Guidance on Harassment in the Workplace, replacing earlier guidance issued between 1987 and 1999.

United States Department of Labor Issues Final Overtime Rule Raising Salary Basis Threshold

By EsqSocial Corporation 02/05/24

On April 23, 2024, the United States Department of Labor (“DOL”) issued its long awaited final overtime rule (the “Rule”), which updates and revises the regulations addressing the salary threshold applicable to the “white collar” exemptions under the Fair Labor Standards Act (“FLSA”)....

Pages