Browsing: Coronavirus

Compliance and Risk

The White House today announced details of an emergency temporary standard that will require all employers with 100 or more employees to be fully vaccinated or test weekly for COVID-19. Under the standard—which was developed by the Occupational Safety and Health Administration at the direction of President Biden—employees of covered firms will have until Jan. 4 to receive the vaccine or be required to produce a negative test on “at least a weekly basis.”

Economy

The Federal Open Market Committee said today that it will begin reducing the monthly pace of its asset purchases since the economy has made substantial progress toward the committee’s goals.

Newsbytes

With government and private-sector vaccine mandates taking effect soon, the Equal Employment Opportunity Commission yesterday updated its technical assistance question-and-answer document to provide guidance on how employers may respond to an employee’s request for an accommodation to a vaccine requirement based on a conflict between that requirement and the employee’s sincerely held religious beliefs, practices, or observances.

Economy

Economic activity grew at a modest to moderate rate from August to early October, but in some parts of the country growth slowed due to supply chain disruptions, labor shortages and uncertainty around the Delta variant of COVID-19, according to the Federal Reserve’s seventh Beige Book release of the year. The report was based on information collected through Oct. 8.

Newsbytes

With the COVID-19 pandemic driving more consumers to online and mobile banking, banks have to meet rising customer expectations and bridge online and in-person options, the American Bankers Association and Accenture said today in a new report on the state of digital lending.

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