In testimony before a House Financial Services subcommittee today, American Bankers Association SVP Naomi Mercer highlighted the strides banks have made toward building a more diverse, equitable and inclusive workforce and discussed some of the challenges they face in this area.
The FDIC today proposed to codify as regulation its statement of policy regarding the implementation of Section 19 of the Federal Deposit Insurance Act.
Outgoing ABA Chairman Jeff Szyperski issued a rallying call to bankers to “get [their]whole organization involved” in grassroots advocacy.
The U.S. Department of Labor today released its final overtime rule—a rewrite of the 2016 rule issued under the Obama administration that never took effect due to a federal judge’s ruling later that year
The Equal Employment Opportunity Commission announced this week that it does not intend to renew its authority to collect data on employees’ pay and hours worked (known as Component 2 Data) after that authority expires
As the U.S. Department of Labor continues to examine potential revisions to the Obama administration’s “overtime rule” – which was adopted in 2016 but never took effect due to a federal judge’s ruling later that year — the department has scheduled an additional public “listening session” on Oct. 17 in Washington, D.C.
The Equal Employment Opportunity Commission on Tuesday announced that it would postpone the effective date of changes to the EEO-1 report that were finalized last September while the Office of Management and Budget conducts a review to determine whether the revised form meets the standards of the Paperwork Reduction Act.
In a letter to ranking members of the Senate Committee on Small Business and Entrepreneurship yesterday, ABA urged lawmakers to support the Protecting Workplace Advancement and Opportunity Act, a bill that would nullify a proposed rule by the Department of Labor to dramatically increase the salary threshold for employees to be exempt from overtime.
ABA senior staff, together with incoming Texas Bankers Association President and CEO Jim Purcell, met with staff from the Office of Management and Budget and Department of Labor on Wednesday to reiterate strong concerns about the DoL’s proposed overtime rule, which raises the overtime pay exemption threshold from $23,660 to $50,440.