June 12, 2023 By: Michael Flynn On May 30, 2023, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) from the public focusing on “issues faced by tenants in multifamily properties, and on any opportunities and potential impacts associated with requiring or encouraging specific tenant protections at multifamily properties backed by Fannie Mae and Freddie Mac.” Written input and feedback from the public is due by July 31, 2023 ...
June 12, 2023 By: Michael Flynn On June 8, the CFPB announced that it has ordered a medical debt collector to pay a $1.7 million fine and provide refunds for alleged violations of debt collection rules ...
With greater emphasis being placed on employee wellbeing in recent times and in a bid to remain competitive in the market, some employers have sought to increase holiday entitlement and provide ‘unlimited’ annual leave each year. What does this mean? In theory, ‘unlimited’ holiday means employees can take as many paid days off work as they wish. In practice, however, it is not quite as straightforward as it sounds ...
Like many employers, Google LLC is considering how to increase employee office attendance. Over the pandemic, employees in a variety of roles showed that their jobs could be done effectively from home, and few companies have returned to a policy of asking their employees to work in the office on a full-time basis ...
All employment related securities (ERS) annual returns for the 2022/23 tax year must be filed by 6 July 2023. The returns are filed via HMRC’s online service (via the PAYE for Employers – Employment Related Securities section). There are separate returns for the tax-advantaged employee share schemes (i.e. EMI, CSOP, SAYE and SIP) and one for all other arrangements (e.g. non-tax advantaged options, or the direct issue of shares to employees or directors) ...
The British Standards Institution (BSI) has released a new workplace standard relating to menstruation and menopause. The BSI standard (BS 30416) aims to support the health and well-being of all employees who menstruate or experience peri/menopause. The standard suggests that there are many actions that employers can take to improve the accommodation of all its employees ...
The Ministry of Economy published the new proposal to update the Regulation on consumer information on mortgage loans (Decree No. 42 of 2012), which improves consumer understanding of financial information and promotes the comparison of products offered by financial institutions ...
This pilot is a first-of-its-kind use of distributed ledger (Web3) SLC technology and is expected to deliver reduced operational costs and improved risk management for lenders. Based on natural language contract terms developed by SVW and converted to SLCs using Hunit’s AI-powered tools, MMB’s clients will benefit from simplified processes, streamlined monitoring, and improved contract fulfilment ...
In early May, Krogerus' Employment and Benefits practice group organised an employment law seminar on the current and upcoming topics in employment law and working life in Finland ...
When the Supreme Court in 2020 issued its decision in Liu v. SEC, placing limits upon the Securities and Exchange Commission's ability to obtain disgorgement, many observers believed that the decision would significantly diminish the SEC's capability to seek and obtain significant disgorgement recoveries in civil enforcement actions alleging violations of the securities laws ...
What is changing with how prudential regulators view fintech partnerships? How is this affecting financial institutions TPRM programs? Prudential regulators appear to be acknowledging the role that fintech partnerships have in the marketplace, both to expand banking services to previous unbanked/underbanked populations, and to allow smaller, regional banks to develop new markets for their services ...
The top attorney for the National Labor Relations Board (NLRB) recently declared that most non-compete agreements violate labor laws by barring workers from opportunities to seek new jobs. The May 30, 2023 memo from NLRB General Counsel Jennifer Abruzzo is the latest to address the issue of non-competes. The Federal Trade Commission (FTC) issued a proposed ruling earlier this year to ban them completely. Urging the NLRB to adopt the standard she first argued in Stericycle, Inc ...
On June 23, 2023, major amendments to section 45 of the Competition Act1 (the ?Act?) are set to come into force. Adopted in 2022 by the Parliament of Canada, these amendments are primarily designed to harmonize Canadian non-competition law with legislation in various other countries, particularly the U.S., which restricts certain business practices regarded as harmful to workers ...
The 2023 Foreign Bank Tracker, now in its eighth year reveals capital flow trends into Australia via foreign banks, and market analysis of the results ...
Industrial action is happening on the largest scale we have seen for decades and across multiple sectors at the same time. Maintaining positive employee relations is more crucial than ever, given the cost of living crisis and geopolitical climate ...
Managing Partner Simon Malko talked to Bloomberg’s Vivia Chen about how his own experiences dealing with stress and anxiety inspired him to make mental healthcare more accessible to everyone at the firm. He shared, “When I became a managing partner [in 2019], I had a lot of anxiety. I was dealing with a lot at work and the stress of raising two kids at home. I had an awful lot on my plate, and I was struggling with managing it all ...
Less than a month to go! Our Tax Team wishes to remind you of the fast-approaching deadline for the submission of your annual corporate tax returns for the financial year ended 31 March 2023 (“FY 2022-2023”). All Myanmar taxpayers (corporate entities, non-profit organizations, and individuals) should file their annual tax returns on or before 30 June 2023 ...
On May 30, 2023, National Labor Relations Board (“NLRB”) General Counsel Jennifer Abruzzo took yet another step to ban restrictive covenants in the employment context. In a memo issued to all regional offices, she set forth her view that nearly all non-compete provisions, with very limited exceptions, violate the National Labor Relations Act (“NLRA”) ...
May 31, 2023 By: Stephanie Shea The California Unruh Act (specifically, California Civil Code § 51) prohibits “all business establishments of every kind whatsoever” from discriminating based on citizenship or immigration status, among other things. That protection applies to all persons within the jurisdiction of California. At the federal level, (simply put,) the federal civil rights statute (specifically, 42 U.S.C. § 1981), prohibits alienage discrimination ...
In November 2021, the New York City Council passed a bill requiring that artificial intelligence (“AI”) tools used by employers to make or assist in hiring decisions or internal promotions undergo bias audits to screen for discriminatory effects. Under the City Charter, the bill became law a month later after it was returned unsigned to the Council by then-mayor Bill DeBlasio ...
“The building has to earn the commute. There has to be a reason for people to come into an office building, and that’s why you’re seeing this bifurcation between the best and the rest,” said Steven Mew, customer experience and flex director at GPE, during Shoosmiths’ recent roundtable on the UK’s flexible office space sector ...
May 26, 2023 By: Stephanie Shea The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 amended TILA to require the CFPB to issue rulemaking addressing Property Assessed Clean Energy (PACE) loans. Specifically, the Act required the CFPB to apply TILA’s ability-to-repay (ATR) requirements to PACE loans and to apply TILA’s civil liability provisions to a PACE lender’s violation of those ATR requirements ...
