A final rule from the Department of Labor raising the exemption threshold for overtime pay could come as early as July 2016, according to the DOL’s semiannual regulatory agenda released last week. The proposed rule would update the Fair Labor Standards Act to more than double the overtime pay exemption threshold from $23,660 to $50,440.
Banking agencies release FAQ on capital treatment of tokenized securities
Financial institutions should treat an eligible tokenized security in the same manner as the non-tokenized form of the security under the capital rule, the Federal Reserve, FDIC and OCC said in a new FAQ.









