The Eleventh Circuit last week issued a common-sense ruling vacating class certification in a TCPA case—an area of the law where common sense does not always prevail. In Cordoba v. DIRECTV, LLC, No. 19-12077 (11th Cir. Nov. 15, 2019), the named...
If you work at a credit union or financial institution, you’re no stranger to the Bank Secrecy Act (BSA). But, do you understand the importance of adhering to the legislation and the consequences of failing to do so? Congress passed the Bank Secrecy...
In September, the Treasury Department issued final regulations governing hardship withdrawals from 401(k) plans. The final regulations update the existing 2004 regulations to reflect recent statutory changes made to the hardship withdrawal rules...
For the first time in American history, a congressional committee approved a marijuana legalization bill. On November 20, 2019, after more than two hours of debate, the House Judiciary Committee approved the Marijuana Opportunity Reinvestment and...
As you probably know, we have been following very closely developments relating to Section 889 of the 2019 National Defense Authorization Act (NDAA), which prohibits executive agencies from purchasing restricted products and services from certain...
On December 28, 2019, the limitation of liability for cargo lost or damaged during international air transportation between countries that are signatories to the Montreal Convention (the “Convention”) will increase from 19 Special Drawing Rights...
Most people are familiar with “pleading the Fifth.” Most people understand it to mean that they have “the right to remain silent” and that the government cannot force them to disclose incriminating information that could lead to their own indictment...
On November 7, 2019, the FCC issued a Public Notice seeking comment on a petition for declaratory ruling. Specifically, the Petition requests the FCC to rule that a sender may contact customers who opt-out of informational text messages to clarify...
US regulators are calling attention to financial firms’ obligations to protect against evolving cybersecurity threats. On October 2, 2019, the Financial Industry Regulatory Authority (FINRA) issued an information notice to members warning of a...
The First Circuit, however, disagreed with the lower court. Analyzing the multi-factor test for establishing partnership status under federal tax court precedent and noting the lack of other formal guidance from regulators or clear congressional...
