News

Preparing for 2021: What New York Employers Can Expect in the New Year

By EsqSocial Corporation 31/12/20

2021 is here, and with the new year comes changes for New York employers seeking to ensure full compliance with newly effective laws, or changes to the law, throughout the State. Employers are well-advised to review the changes for the new year......

COVID-19: A Review of the Second Wave of Securities Fraud Enforcement Actions

By EsqSocial Corporation 31/12/20

As COVID-19 has continued to spread across the United States, the Securities and Exchange Commission (SEC) has remained keenly focused on monitoring the market “for frauds, illicit schemes and other misconduct affecting U.S.

Nonprofits Now Eligible for Paycheck Protection Program Under The Consolidated Appropriations Act, 2021

By EsqSocial Corporation 31/12/20

The Consolidated Appropriations Act, 2021 (the “Act”), which was recently signed into law by President Donald Trump, provides, that for the first time, Section 501(c)(6) not-for-profit organizations will be eligible to receive PPP loans....

Employer Held Liable for Service Provider’s Error

By EsqSocial Corporation 31/12/20

Usually court cases involving proper remedies under ERISA are largely of interest only to ERISA attorneys and litigators. However, a recent Second Circuit Court of Appeals case is one that should be of interest to employers who sponsor plans....

Congress Extends CDC Eviction Order and Provides Additional Rental Assistance

By EsqSocial Corporation 31/12/20

Signed into law by President Trump on December 27, Congress’s Coronavirus Response and Relief Supplemental Appropriations Act 2021 has several provisions affecting Iowa landlords.

CFPB Enters Into $4.75 Million Consent Order With Subprime Auto Lender and Servicer for FCRA Violations

By EsqSocial Corporation 31/12/20

On December 22, 2020, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a national lender and originator of subprime auto loans over the company’s alleged violations of Section 623(a)(1)(A) of the Fair Credit Reporting Act (FCRA) (15 U.S.C.

CCA Benefits Low-Income Housing Projects

By EsqSocial Corporation 31/12/20

The Consolidated Appropriations Act, 2021 (the CCA) became law this past Sunday. The CCA has several features of interest to the low-income housing community. 4% Deal Floor: The 4% low-income housing tax credit is worthy of its title.

New Drain Code Amendments Signed into Law

By EsqSocial Corporation 31/12/20

On Dec. 29, Governor Whitmer signed two Drain Code amendments into law—House Bills 5126 and 5504, now Public Acts 281 and 291, respectively. Public Act 281 does not go into effect until March 29, 2021, however Public Act 291 is effective immediately....

SEC Proposes Revisions to Rule 144 and Form 144

By EsqSocial Corporation 31/12/20

On 22 December 2020, the Securities and Exchange Commission (the SEC) proposed various amendments to Rule 144, including changes related to the filing of Form 144. The proposed amendments also include a minor change to Forms 4 and 5.

New COVID-19 Bill Yields Relief for Benefits in 2020 and Beyond

By EsqSocial Corporation 31/12/20

On December 27, 2020, President Trump signed into law an additional COVID-19 relief bill, attached to the Consolidated Appropriations Act of 2021, and intended to provide economic assistance to Americans impacted by COVID-19, as well as continued funding for the federal government.

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