Topic
Fees
154 published works
Ogletree Deakins Insights
Eleventh Circuit: Service Charges Are Wages, Not Tips, Under FLSA
By By: Christopher P. Hammon, Victoria L. Vish
On March 18, 2022, the Eleventh Circuit Court of Appeals ruled in Compere v. Nusret Miami, LLC, a collective action under the Fair Labor Standards Act (FLSA), that Nusr-et Steakhouse…
Cruise Law News
Back to “Nickel and Diming” Again: Norwegian Cruise Line Jacks Up Gratuities
By Jim Walker
The cost of daily service charges on cruise ships operated by Norwegian Cruise Line (NCL) has increased again, to as much as $20 per person, per day according to several…
Regulatory Oversight
CFPB Requests Public Input on Fees for Financial Products
By Keith J. Barnett, James Stevens, Carlin McCrory
On January 26, the Consumer Financial Protection Bureau (CFPB or Bureau) announced its request for the public to share its input on "exploitative junk fees charged by banks and financial…
Compliance Building
SEC Chairman Gensler Talks About Private Funds
Last week, Securities and Exchange Commission Chair Gary Gensler, made a speech at the Institutional Limited Partners Association Summit. The topic? (You can guess by the title.) Private Funds. In…
Global Regulation Tomorrow
BoE Policy Statement: Fees regime for FMI supervision 2021/22
On 18 October 2021, the Bank of England (BoE) published a Policy Statement providing feedback to the responses to its earlier consultation paper setting out proposed supervisory fees for financial…
The Capital Commitment
SEC Is Exploring Reforms Regarding Private Fund Disclosure Of Conflicts Of Interest And Fees and Expenses
By Joshua M. Newville, Samuel J. Waldon
On September 14, 2021, U.S. Securities and Exchange Commission Chair Gary Gensler testified before the Senate Committee on Banking, Housing, and Urban Affairs. During his testimony, he stated that the…
Wage & Hour Law Update
Service Charge or Administrative Fee? A Distinction With a Difference, the Supreme Judicial Court of Massachusetts Holds
By Douglas J. Hoffman, Brian E. Lewis
Although it may have intended for a customer charge to be treated as an administrative overhead fee separate from gratuities paid to its employees, a country club’s reference to the…
Bright Law Blog
ASIC sues CBA for misleading conduct over monthly access fees
ASIC has announced that it has commenced civil penalty proceedings in the Federal Court against the Commonwealth Bank of Australia (CBA), alleging that CBA engaged in misleading or deceptive conduct…
Bright Law Blog
Case note: aligning fees and charges with terms and conditions
In Australian Securities and Investments Commission v Australia and New Zealand Banking Group Limited (No 3) [2020] FCA 1421 the Federal Court of Australia ordered that ANZ pay to the…
Securities Compliance Sentinel
SEC Prepping for a New Round of Attacks on Fund Advisers
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) conducted a series of examinations into private fund advisers. See the SEC risk alert here. To say the least, OCIE was…