News

Under New Lease Standard: Interpreting ‘Class of Underlying Asset’

By EsqSocial Corporation 11/12/18

The Financial Accounting Standards Board (FASB) has issued several new Accounting Standards Codifications (ASC) and Accounting Standards Updates (ASU) over the past two years. This has resulted in management teams furiously working to understand and...

The Cato Corporation Pays $3.5 Million to Settle EEOC Systemic Investigation

By EsqSocial Corporation 11/12/18

Pregnant Employees and Those With Disabilities Were Denied Reasonable Accommodations And Discharged, Federal Agency Found - CHICAGO / PHILADELPHIA - The Cato Corporation, a leading retailer of women's fashion and accessories, has agreed to pay $3.5...

Pennsylvania Supreme Court Permits Negligence Claim To Proceed In Data Breach Class Action - Will Other States Follow?

By EsqSocial Corporation 11/12/18

In finding a common law duty to protect employees’ personal data, the Pennsylvania Supreme Court has unexpectedly, and dramatically, altered the contours of the data breach litigation landscape....
By: Poyner Spruill LLP

Screening the Use of Screening Software for OFAC Sanctions Compliance

By EsqSocial Corporation 11/12/18

On November 27, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with a Virginia-based global technology and services company operating in the aviation, electronics, communications and defense...

BCFP enters into consent order with State Farm regarding alleged FCRA violations

By EsqSocial Corporation 11/12/18

Last Thursday, the Bureau of Consumer Financial Protection (the “Bureau”) announced a settlement with State Farm Bank, FSB (“State Farm”) regarding alleged violations of the FCRA as well as the Consumer Financial Protection Act of 2010. In the...

The Expanding Scope of the Committee on Foreign Investment in the United States

By EsqSocial Corporation 11/12/18

In 1975, President Gerald Ford, by Executive Order, created an interagency committee, the Committee on Foreign Investments in the United States (“CFIUS”), to review national security implications of investments by foreigners in U.S. businesses. CFIUS...

Highly Erodible Land Conservation and Wetland Conservation Compliance Provisions: U.S. Department of Agriculture Interim Rule/Revisions

By EsqSocial Corporation 11/12/18

On Friday December 7, 2018, the United States Department of Agriculture (USDA) published in the Federal Register an interim rule for the Highly Erodible Land Conservation and Wetland Conservation Compliance regulations of the Food Security Act of...

The SEC Expands Its Enforcement Efforts to Include Cryptocurrency Exchanges

By EsqSocial Corporation 11/12/18

In an enforcement action filed on November 8, 2018, the Securities and Exchange Commission (SEC) ordered that 31-year-old Zachary Coburn, founder of the EtherDelta cryptocurrency exchange, cease and desist from operating the trading platform. The...

Financial Regulatory Observer - December 2018: Europe's expanding AML remit

By EsqSocial Corporation 11/12/18

Anti-money laundering policy and regulation continue to evolve in the European Union, but the reality of central federal authority remains some way off. The European Commission has proposed new initiatives to further harmonise anti-money laundering...

Washington State Issues Trust Account Guidance for Mortgage Brokers Under the MBPA

By EsqSocial Corporation 11/12/18

The Washington Department of Financial Institutions Division of Consumer Services (DFI) has issued interim regulatory guidance on the use of trust accounts by mortgage brokers....
By: Weiner Brodsky Kider PC

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