All Department of Labor articles – Page 2

  • 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.

  • Blog post

    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.

  • Blog post

    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.

  • RainingCash
    Blog post

    Wells 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.

  • 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.

  • 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.

  • GavelOnCash_0
    Blog post

    Lawsuit 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 ...

  • 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 ...

  • 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 ...

  • 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 ...

  • Blog post

    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 ...

  • 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 ...

  • Blog post

    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 ...

  • Blog post

    Employee or Independent Contractor? Labor Department Weighs In


    Image: The Labor Department issued new guidance on how companies should distinguish between employees and independent contractors. “The main difference between the new interpretation and the Labor Department’s prior enforcement policy is a greater emphasis on the ‘economic dependence’ of the workers on the business that has engaged their services,” ...

  • Blog post

    Supreme Court Empowers Use of Interpretive Rules


    Regulators now have greater freedom to interpret established rules without undergoing a public comment process thanks to a decision handed down by the Supreme Court on Monday. With a 9-0 vote, justices agreed that regulatory clarifications and alterations, made through the use of interpretive rules, are not subject to the ...

  • Article

    Seasonal Employees Can Bring Not-So-Merry Risks


    Image: For any company that depends on seasonal workers, don’t overlook the need to give that group compliance training. Even temporary workers need to review the Code of Conduct and have access to the reporting hotline. “There are no exemptions in what constitutes an effective compliance program ... for short-term ...

  • Article

    Regulators Are Once Again in Hot Pursuit of Worker Misclassification


    Image: Title: HanrahanState and federal agencies are issuing a renewed warning to companies that regularly use independent contractors: classify them correctly, or face big penalties. They are also putting more funds into detection and enforcement, meaning companies are likely to see an increase in audits. “I would expect to see ...