The Data Protection Commission (DPC) in Ireland sent a preliminary order to Facebook ordering a suspension of data transfers from the EU to the US. This suspension order comes off the heels of the landmark ruling from the highest court in the EU, Data Protection Commission v. Facebook Ireland (Schrems II), which restricted the methods companies can use to transfer EU data to the US. Notably, this decision ceased the use of the widely popular “Privacy Shield”…

There is no question COVID-19 refocused attention and resources at the beginning of this year. While disruption on this scale makes planning difficult, it can also present opportunities for strategic decision making. COVID-19 may not be going away any time soon, so banks will need to adjust to operating in this new environment. That means considering the role of M&A in your financial institution’s strategic agenda. Before the crisis, there was emerging a pattern of banks revisiting their future…

STARTS TODAY: Don’t Miss Our Banking Webinar Series The year 2020 will forever be known as the year a pandemic swept the globe and caused widespread unemployment, unprecedented market volatility, and financial strain for business owners. Despite the crisis, the economy is starting to emerge in the wake of COVID-19 and community banks are bouncing back stronger than ever by adapting to today’s “new business normal”.   Don’t Miss the Dickinson Law Banking Client Webinar…

On August 28, 2020, the IRS, in Notice 2020-65, issued guidance on the deferral of employee payroll tax obligations as originally described in the Trump Administration’s Memoranda dated August 8, 2020.  The Notice, two-and-one-quarter pages in length, answers the following questions.  What Taxes are Deferred?  Employers may, but are not required to, defer the employee portion of tax imposed on employees’ wages imposed by section 3101(a) (6.2 percent) and an equivalent amount under…

As COVID-19 continues to impact all aspects of our daily lives, schools are having to make decisions about implementing online learning resources and applications. These online learning resources not only allow teachers to hold classes through video conferencing but they also assist schools in maintaining social distancing guidelines. While implementing apps and new technologies could make schools more efficient, schools—especially those funded by Federal Funds—have to pay close attention to the Family Educational Rights and…

Labor Day weekend, sometimes referred to as the “unofficial end to summer,” is just around the corner, and with it comes another familiar sign that the transition to fall has begun: the start of a new school year. While the beginning of this particular school year is different for most, there is no doubt that children and parents across the state of Iowa are eager to get back to the school-day routine. With schools in…