The Bottom Line Online cash advance provider FloatMe Corp. will pay $3 million as part of a settlement with the Federal Trade Commission (FTC) for allegations of unfair and deceptive tactics against customers. The settlement, announced January 22 by the FTC, came after the Continue Reading
The IRS Releases Grab Bag Guidance on the SECURE 2.0 Act
The Bottom Line Almost a year after the SECURE 2.0 Act of 2022 was enacted as part of the Consolidated Appropriations Act, 2023, the IRS released guidance (Notice 2024-2) in the form of a grab bag Q&A aptly named “Miscellaneous Changes Under the SECURE 2.0 Act of 2022.” The Notice covers Continue Reading
2024 Top 10 Advertising + Marketing Trends: Balancing Risks & Rewards
The marketing and advertising landscape in 2024 presents a complex tapestry of evolving regulations, groundbreaking technological advancements and shifting consumer behaviors. These changes are not just trends: they are signals of a fundamental transformation in the way brands connect with their Continue Reading
U.S. Department of Labor Publishes Final Rule on Independent Contractor Status
The Bottom Line The U.S. Department of Labor (DOL) released a final rule that changes how potential employers assess whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA). The final rule, issued January 9, 2024, was published in the Federal Continue Reading
The Garden State Has a New Privacy Law (You Got a Problem With That?)
The Bottom Line On January 16, 2024 Governor Phil Murphy signed into law New Jersey Senate Bill 332 (SB332). The new law will go into effect on January 15, 2025. New Jersey joins 12 other states that have passed comprehensive privacy laws. Threshold Requirements SB332 applies to Continue Reading
2024 Privacy Issues: New Laws & Requirements Reshape Compliance
The Bottom Line As we step into 2024, the privacy regulation landscape continues to evolve rapidly, presenting significant challenges for businesses. We're seeing more privacy laws from individual states, which creates a complex web of compliance requirements across different regions. Continue Reading
FCC Votes to Enact Proposed Rule to Close the Lead Generator Loophole
The Bottom Line The Federal Communications Commission (FCC) adopted a rule that is designed to close the lead generator loophole related to robocalls and robotexts. The FCC’s 4-1 vote on December 13, 2023, resulted in a change that could dramatically increase the potential for lawsuits Continue Reading
Unwrapping the FTC’s Proposed Updates to the COPPA Rule
The Bottom Line On December 20th, the FTC announced proposed changes to the Children’s Online Privacy Protection Rule (COPPA), which was last updated in 2013. The updates are intended to respond to technological changes, provide greater protections for kids’ personal information and ensure Continue Reading
FTC Finalizes CARS Rule
Update The FTC is postponing the effective date of the CARS Rule while a legal challenge brought by the National Automobile Dealers Association and the Texas Automobile Dealers Association is pending. The trade groups have stated that the rule is “arbitrary, capricious, an abuse of discretion, Continue Reading
The Corporate Transparency Act: Beneficial Owner Reporting Requirements for Private Companies
Update Following a nationwide preliminary injunction on the enforcement of the CTA by a federal judge in Texas on December 3, 2024, reporting companies facing upcoming beneficial ownership reporting deadlines under the CTA are not required to submit their reports pending further developments in Continue Reading