De-Risking at Risk? Lawmakers Urge Changes

By | Pensions & Benefits Law | October 29, 2014
De-Risking at Risk? Lawmakers Urge Changes

Plan sponsors such as Ford, General Motors and more recently, Motorola, have made headlines for implementing strategies to remove liabilities from their balance sheets by cashing out participants and transferring their pension liabilities to third party insurers in accordance with existing law….

FinCEN Releases Two Rulings Classifying a Bitcoin Payment System and Virtual Currency Trading Platform As MSBs

FinCEN Releases Two Rulings Classifying a Bitcoin Payment System and Virtual Currency Trading Platform As MSBs

In its opening salvo bringing bitcoin under the watchful eye of the federal government, the Financial Crimes Enforcement Network (FinCEN) issued a Guidance (FIN-2013-G001) in March 2013 clarifying that anti-money laundering regulations concerning record keeping and recording apply to digital currency exchanges. 

This Time’s the Charm? Supreme Court Takes Up Third Disparate Impact Case

By | MoFo Reenforcement | October 27, 2014
This Time’s the Charm? Supreme Court Takes Up Third Disparate Impact Case

On October 2, 2014, the Supreme Court granted certiorari in Inclusive Communities Project, Inc. v. Texas Department of Housing and Community Affairs, No. 13-1371, to decide whether disparate impact claims are cognizable under the Fair Housing Act (FHA). Of interest, the Court declined to grant cert. on the question of the appropriate standard for evaluating disparate impact claims.