Will BEAR apply to workplace sexual harassment?
Guarantees update: video
APRA guide for changes in control of super licensees
The Australian Prudential Regulation Authority (APRA) has released for consultation a draft form and guide for applications to acquire a controlling stake in a registrable superannuation entity (RSE) licensee.
The new process follows the amendment of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019.
From 5 July 2019, APRA must approve a person seeking to acquire a stake…
Therium Funds Class Action Against Domino’s Pizza
Argentina Loses Appeal to US Supreme Court; Burford Sells Further 10% Stake
House and Senate to hold hearings focused on fintech, artificial intelligence
This week, Congress will be holding a hearing focused on fintech and two hearings at which artificial intelligence (AI) will be the focus.
Fintech:
Tomorrow, June 25, the House Financial Services Committee’s Task Force on Financial Technology will hold a hearing titled, “Overseeing the Fintech Revolution: Domestic and International Perspectives on Fintech Regulation.”
AI:
Tomorrow, June 25, the Senate Commerce Committee’s Subcommittee on Communications, Technology, Innovation, and the Internet, will hold a hearing…
Texas amends debt collection law to add new requirements for debt buyers
On June 14, 2019, Texas Governor Greg Abbott signed HB 996, which amends Chapter 392 of the Texas Finance Code dealing with debt collection. The amendments are effective September 1, 2019.
The bill defines a “debt buyer” as “a person who purchases or otherwise acquires a consumer debt from a creditor or other subsequent owner of the consumer debt, regardless of whether the person collects the consumer debt, hires a third party to collect…
FDIC Releases First Edition of Consumer Compliance Supervisory Highlights
On June 13, 2019, the FDIC released its first edition of Consumer Compliance Supervisory Highlights, the purpose of which is to increase transparency regarding the FDIC’s consumer compliance supervisory activities. The publication provides a high-level overview of the consumer compliance issues identified through approximately 1,200 consumer compliance examinations conducted in 2018 for non-member state-chartered banks and thrifts.
In describing these supervisory highlights, the FDIC noted that 98% of all FDIC-supervised institutions were rated satisfactory…
Innsworth Looks to Take Advantage of UKs New Collective Action Regime
Murray Goulburn Settles IMF Bentham-Funded Class Action for $42MM
