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Insights

Hold Your Filings:  Preliminary Injunction Placed on Government Enforcement of CTA and Beneficial Ownership Information Reporting Requirements

As of December 3, 2024, all U.S. companies that were subject to the reporting obligations under the Corporate Transparency Act (“CTA”) have been temporarily relieved of their obligation to submit beneficial ownership information (“BOI”) reports to…

The FTC’s Non-Compete Ban: What’s Next?

This summer, employers in all sectors planned for a seismic shift in the use of non-compete agreements to limit employees’ competitive post-employment conduct. In January 2023, the Federal Trade Commission (“FTC”) issued a proposed rule banning…

CFPB Issues Final Rule on Open Banking

On October 22, 2024, the Consumer Financial Protection Bureau (the “CFPB”) released its final rule (the “Rule”) on Personal Financial Data Rights under Section 1033 of the Consumer Financial Protection Act. The Rule requires data providers to make…

IRS Announces Retirement Plan Limitations for 2025

On November 1, 2024, the Internal Revenue Service issued Notice 2024-80 announcing the cost-of-living adjustment (“COLA”) applicable to pension and retirement plan dollar limitations for the 2025 calendar year.  

New for 2025 and courtesy of SECURE…