by Girish Anand | Aug 31, 2017 | DOL
The Department of Labor (DOL) has wasted no time in promulgating a Notice of Proposed Rulemaking (NPRM) on its 18-month delay in enforcement of the Obama-era fiduciary rule that took effect June 9. The NPRM was published Aug. 31. The publication opened a 15-day public...
by Girish Anand | Aug 30, 2017 | DOL, OMB
The Office of Management and Budget (OMB) this week approved a request by the Department of Labor (DOL) to publish a rule delaying implementation of the enforcement phase of its fiduciary rule for 18 months, from Jan. 1, 2017, to July 1, 2018. Once the DOL publishes...
by Girish Anand | Aug 25, 2017 | DOL, Overtime Rules
The 5th U.S. Circuit Court of Appeals has set Tuesday morning, Oct. 3, as the time for oral arguments on the Obama-era overtime rule that was blocked by a federal judge days before it was to take effect this past December. That rule would’ve doubled the salary...
by Girish Anand | Aug 10, 2017 | DOL, Fiduciary Rule
Enforcement of its Conflict of Interest Fiduciary Rule was set to begin on Jan. 1, 2018, but the Department of Labor (DOL) yesterday submitted a proposal to the Office of Management and Budget (OMB) seeking amendments to three of the rule’s exemptions that would...
by Girish Anand | Aug 3, 2017 | DOL, Overtime Rules
The 5th U.S. Circuit Court of Appeals in New Orleans, arguably the most conservative of all appeals courts, announced it will hear the appeal to the injunction against the Obama-era overtime rule in early October. That rule, which raised the salary threshold for...
by Girish Anand | Jul 31, 2017 | DOL, WHD
The Wage and Hour Division (WHD) of the Department of Labor (DOL) and Sonic Industries Services Inc. – franchiser of the SONIC Drive-In restaurant chain – have signed a voluntary agreement to help SONIC’s independently owned and operated franchise locations comply...