It’s been a long year for the cruise lines. Cruise ship fires, engine failures and other mishaps have dominated the travel news in 2013. We have several written hundreds of articles this year under our motto: “everything the cruise lines don’t want you to know.”
Editor’s note: One of our Food Safety News Christmas traditions is to annually recognize those who have been “naughty” and those who have been “nice” – from a strictly food safety perspective, of course.
On December 10, 2013, the SEC, FDIC, OCC and Federal Reserve jointly approved the so-called Volcker Rule, prohibiting banking entities and certain nonbank financial institutions (collectively, “banks”) from engaging in proprietary trading or owning interests in or sponsoring certain hedge funds or private equity funds.
Never has the potential peril for misclassification of individuals as independent contractors or employees as exempt been greater.
When he signed the Dodd-Frank financial “reform” legislation into law, President Obama told a White House audience: “There will be no more tax-funded bailouts-period.”
Separating Fact from Fiction: Analyzing the Equal Employment for All Legislation and the Use of Credit Checks in Employment Decisions
On December 17, 2013, Elizabeth Warren (D-Mass.), along with six other senators, introduced a bill, otherwise known as the Equal Employment for All Act, that would amend the Fair Credit Reporting Act (the “FCRA”) to prohibit employers from using or obtaining consumer reports for prospective and current employees containing any information bearing on the employee’s or applicant’s creditworthiness, credit standing or credit capacity for employment purposes.
In November, the SEC Office of the Whistleblower (“OWB”) released its 2013 Annual Report on the Dodd-Frank Whistleblower Program (the “Report”). The Report details the number of whistleblower tips and complaints received and the amount of whistleblower awards made during fiscal year 2013.
As 2013 draws to a close, our Labor and Employment group put its collective head together to come up with our top predictions, from the cautious to the audacious, for what the new year will bring. Stay tuned in 2014 to see how we do! In the meantime, happy holidays!
Effective this past November 1, the CFPB ended its controversial practice of having enforcement attorneys regularly participate in examinations of supervised entities.
Just in time for the holidays, the Second Circuit’s recent decision in Bank v. Independence Energy Group LLC has dropped a lump of coal in the business community’s stocking. In this case, the “