News

Daily Financial Regulation Update -- Monday December 23

By EsqSocial Corporation 23/12/24

December 20, 2024- The Bank of England, the Financial Conduct Authority, the Prudential Regulation Authority and the Payment Systems Regulator have a Memorandum of Understanding (MoU) which sets out the high-level framework that we use to cooperate with one another in relation to payment system

FTC and Illinois AG Secure $20M Settlement with Leader Automotive Group Over Allegedly Deceptive Practices

By EsqSocial Corporation 23/12/24

In a significant enforcement action, the Federal Trade Commission (FTC) and the Illinois Attorney General have reached a $20 million settlement with Leader Automotive Group and its Canadian parent company, AutoCanada, over allegations of widespread consumer fraud.

Emerging Threat: Task-Based Employment Scams Target Businesses and Their Employees

By EsqSocial Corporation 23/12/24

A new wave of sophisticated gamified job scams, often called task scams, is targeting both companies and job seekers, according to recent Federal Trade Commission (FTC) data. These scams trick people into performing simple, fake tasks with promises of payments that never materialize.

Minnesota Seeks Comment on Rules Implementing Reporting Requirement for Products Containing Intentionally Added PFAS and Associated Fees

By EsqSocial Corporation 23/12/24

Following up on the rulemaking process presaged by Minnesota’s comprehensive statute (Amara’s Law) requiring phase outs of PFAS intentionally added to products, which we’ve previously discussed here and here, the Minnesota Pollution Control Agency (MPCA) has issued a new request for comments tha

Mitigating the Impact of a Government Shutdown

By EsqSocial Corporation 23/12/24

Most eyes and ears are on Capitol Hill Friday as we waited for a spending bill to be approved ahead of midnight, to prevent a government shutdown. If the government shuts down, it will impact government contractors.

The State AG Report – 12.19.2024

By EsqSocial Corporation 23/12/24

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Illinois AG’s and FTC’s Settlement Takes a $25 Million Bite Out of Grubhub- •Texas Brings Latest Lawsuit Against PFAS Manufacturer

Healthcare & Life Sciences Private Equity Deal Tracker: Heritage Group Invests in Nationwide Medical

By EsqSocial Corporation 23/12/24

Heritage Group has invested in Nationwide Medical, according to a news release. Nationwide, founded in 2002 and based in Calabasas, California, is a provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions....

Meet the In-Laws: the UK’s Digital Legislative Agenda for 2025

By EsqSocial Corporation 23/12/24

After its election to power in July 2024, the newly formed Labour government wasted little time in announcing its legislative priorities for the coming year.

Employment and Data Privacy Law Updates for 2025 in New Jersey

By EsqSocial Corporation 23/12/24

As we approach the end of 2024, employers in New Jersey should be preparing for the implementation of new employment and business laws and regulations in the upcoming year.

CFPB Issues Final Rule Limiting Overdraft Fees at Large Banks, Treats Overdraft as Credit

By EsqSocial Corporation 23/12/24

On December 12, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule that treats covered overdraft services offered by banks with more than $10 billion in assets (large banks) as credit, bringing them for the first time under the Truth in Lending Act (TILA) and Regulation Z.

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