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.
The CDFI Fund revised its FAQs for CDFI certification applications, revised guidance for its pre-approved target market assessment methodology and announced new early reapplication dates.
The U.S. Department of Transportation launched an inquiry into the four largest U.S. airlines’ rewards programs, with the goal of “protecting rewards customers from potential unfair, deceptive or anticompetitive practices."
ABA joined NFIB and 48 associations in urging the House lawmakers to support legislation to strengthen a federal law requiring agencies to consider the economic effects of proposed regulation on businesses.
Despite record harvests, farmers face mounting financial challenges as commodity prices remain under sustained pressure.
The U.S. economy added 142,000 nonfarm jobs in August, the Labor Department said. Job gains occurred in construction and health care.
While financial services customers are largely optimistic about the ability of artificial intelligence to improve their lives, they are concerned the technology isn’t trustworthy, according to a new survey by J.D. Power.
