All Department of Labor articles – Page 2
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Blog
Bill seeks to restore OSHA recordkeeping rules
Democrats in both chambers of Congress have sponsored legislation to reinstate OSHA recordkeeping rules that were nullified by President Trump in April using the Congressional Review Act.
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Article
Obama’s ‘fiduciary duty’ rule may be living on borrowed time
Free-market advocates are gaining traction to overturn the Obama administration’s rule that places additional responsibilities upon financial services representatives.
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Blog
Government signals H-1B visa crackdown
Tech companies that rely on a specialized visa program to fill highly skilled jobs can expect to face more intense scrutiny from government agencies.
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Blog
Labor Department extends fiduciary rule applicability date
To comply with a Presidential Memorandum, the Labor Department has announced a 60-day extension of the applicability dates of its fiduciary rule and related exemptions, including the Best Interest Contract Exemption.
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Blog
Labor Dept. seeks to delay fiduciary rule applicability
Following a presidential order to further review its controversial fiduciary duty rule, the Department of Labor is seeking to delay its effective date, allowing the time needed for additional analysis.
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Blog
Trump targets FSOC, reviews ‘fiduciary duty’ rule
President Donald Trump’s regulatory rollback will include an FSOC review of financial rules and a review of the Labor Department’s “fiduciary duty” rule that could ultimately lead to its demise. Joe Mont explores.
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Blog
Labor Department offers FAQ on fiduciary rule
The Department of Labor has released a second series of “frequently asked questions” on its controversial “fiduciary duty” rule for advisers who are paid to make recommendations about retirement accounts. Joe Mont has more.
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Article
Court pumps brakes on Labor Department’s overtime rule
New federal overtime requirements for white-collar workers are in doubt following a nationwide injunction imposed by a federal judge, writes Joe Mont.
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Blog
Federal judge halts Labor Department's 'persuader' rule
Calling the rule an impermissible intrusion upon attorney-client privilege, a federal judge in Texas has granted a permanent injunction against the Department of Labor's so called “persuader” rule. More from Joe Mont.
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Blog
New rule requires sick pay for government contractors
A new rule issued by the Department of Labor will require federal contractors to provide paid sick leave to employees who work on, or in connection, with government contracts. Joe Mont reports.
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BlogWells Fargo CEO forfeits $41M; DOL launches labor law investigations
The latest developments in the ongoing Wells Fargo scandal: clawbacks, including a $41M hit for CEO John Stumpf; a Department of Labor investigation; and a new class-action lawsuit. Joe Mont has more.
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Article
U.S. government contractors face sweeping new ‘blacklisting’ rules
Prospective federal contractors will soon have to disclose any labor law, civil rights, or wage violations, making the Labor Dept. a de facto gatekeeper for all contracts, reports Joe Mont.
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Article
Overtime pay could unite CCOs with HR, empower attack on regulatory discretion
New rules issued by the Department of Labor that double the threshold for overtime pay present new corporate dilemmas that may lead CCOs into the domain of Human Resources to defend against lawsuits and reputation risk. Joe Mont explores.
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BlogLawsuit challenges legality of Labor Dept. fiduciary rule
A coalition of business groups is suing to strike down the Department of Labor’s recent “fiduciary duty” rule, calling it “over-reaching” with an end result that “will restrict hardworking Americans’ access to retirement advice and planning services.” Joe Mont provides details on the suit being brought by the U.S. Chamber ...
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Article
Firms face after-shocks of Labor Department’s fiduciary rule
The Department of Labor’s fiduciary rule for investment advisors has already stirred a firestorm of controversy, but one way or another, says Joe Mont, the financial advisory world is looking at a transformational change in how it operates by next April, with such high stakes that no one may want ...
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Article
Even with concessions, Labor Department’s fiduciary rule is still controversial
The Department of Labor has finalized a new rule that requires retirement investment advisers to meet a fiduciary standard and eliminate conflicts of interest with their clients. Although several notable concessions worked their way into the final rule, CW’s Joe Mont says to expect continued controversy as advisers struggle with ...
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Article
New law adds to forced labor concerns
In recent weeks, companies have learned—some the hard way—that the government is getting even more serious about human trafficking and forced labor issues. While a new law targets international trade, potentially blocking forbidden products at the U.S. border, an expanding view of joint-employer arrangements is also causing concern for domestic ...
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Blog
Congressional report: SEC, DoL at odds on fiduciary duty rule
Among the most hotly contested rules currently in the regulatory pipeline are efforts to create a fiduciary duty for brokers who offer retirement advice. Rules to do so are currently being crafted by both the Department of Labor and SEC, with the former poised to enact its final rule, the ...
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Article
Fiduciary duty rules poised to redefine an industry
It sounds reasonable enough: hold broker-dealers and investment advisers to a fiduciary standard when they offer investment advice, specifically with retirement plans. Firms, however, fear that pending rules, split between the Securities and Exchange Commission and Department of Labor, are not in sync and unintended consequences will radically alter traditional ...
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Blog
Labor Dept. Rule Bans Pay Talk Discipline by Gov. Contractors
The Department of Labor has issued a final rule prohibiting federal contractors from disciplining, firing, or discriminating against employees and job applicants who inquire about, discuss, or disclose their compensation or the pay of their coworkers. The rule applies to all federal contractors, sub-contractors, and contracts that exceed $10,000 in ...
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