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Oct 18, 2024 | 
jdsupra.com | Michael Dailey |Christian Gonzalez |Christian González
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. each periodically publish a report that describes their views on the current risk areas threatening the banking industry. The OCC calls its report the “Semiannual Risk Perspective,” while the FDIC’s report is called the “Risk Review.” These reports telegraph the risks regulators will be particularly interested in during the next examination cycle.
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Oct 17, 2024 | 
bankdirector.com | Michael Dailey |Christian Gonzalez |Christian González
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. each periodically publish a report that describes their views on the current risk areas threatening the banking industry. The OCC calls its report the “Semiannual Risk Perspective,” while the FDIC’s report is called the “Risk Review.” These reports telegraph the risks regulators will be particularly interested in during the next examination cycle.
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Aug 15, 2024 | 
jdsupra.com | Michael Dailey |Brian Moore |Jared A. Phalen
Banks of all sizes should take note of these changes and update policies and procedures to avoid running afoul of new rules and regulations. Here is an overview of some notable changes that have taken place in recent months. The Expansion of Federal Overtime EligibilityA U.S. Department of Labor’s final rule that went into effect on July 1 raised the salary threshold for certain employees to be classified as exempt from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements.
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Aug 13, 2024 | 
bankdirector.com | Brian Moore |Michael Dailey |Jared A. Phalen
Banks of all sizes should take note of these changes and update policies and procedures to avoid running afoul of new rules and regulations. Here is an overview of some notable changes that have taken place in recent months. The Expansion of Federal Overtime EligibilityA U.S. Department of Labor’s final rule that went into effect on July 1 raised the salary threshold for certain employees to be classified as exempt from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements.
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Jun 25, 2024 | 
jdsupra.com | Michael Dailey |Christian Gonzalez |Christian González |Craig Horbus
Bill Gates said in a blog post: “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.”[1]TrendsThe evolution of AI within the banking sector is progressing from exploration to comprehensive integration.
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Mar 24, 2024 | 
timesunion.com | Michael Dailey |Kathleen A. Hallinan |Joshua Lynch
Using medication to treat opioid use disorder saves lives. It allows people who were suffering from addiction to feel normal, to have fewer cravings, and to be safe from having to obtain drugs on the street that may be laced with deadly doses of fentanyl or other drugs. This legislative session offers a chance to make this care option more accessible, boosting equity in health care and connecting more people with long-term addiction treatment.
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Nov 8, 2023 | 
bankdirector.com | Michael Dailey |David J. Lavan
The Department of Justice (DOJ) hopes to incentivize timely disclosure of misconduct uncovered during the mergers and acquisitions process with the October 2023 announcement of a department-wide safe harbor policy. The policy, which applies across the entire department, shields companies from criminal prosecution for misconduct they discover in companies they are acquiring or have recently acquired.
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Aug 3, 2023 | 
bankdirector.com | Michael Dailey |Brian Moore |Jared A. Phalen
Banks have traditionally used non-compete agreements to protect themselves when executives and key managers quit and go to work for a competitor with the benefit of specialized training, proprietary methods and/or trade secrets taken from the prior employer. Non-compete agreements are valid in most states as long as the employer has a protectable business interest, and the competitive restriction is reasonable in terms of geographic and temporal scope.
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Jun 27, 2023 | 
valdostadailytimes.com | Michael Dailey
As Georgians struggle to feed their families and afford housing, many are now having to balance affording basic necessities with paying high costs at the pharmacy counter. While Georgia lawmakers are rightly looking for solutions to ease the burden of high health care costs, industry middlemen, known as pharmacy benefit managers (PBMs), have flown under the radar and are getting away with intentionally increasing costs for patients.
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Jun 20, 2023 | 
georgiarecorder.com | Michael Dailey
As Georgians struggle to feed their families and afford housing, many are now having to balance affording basic necessities with paying high costs at the pharmacy counter. While Georgia lawmakers are rightly looking for solutions to ease the burden of high health care costs, industry middlemen, known as pharmacy benefit managers (PBMs), have flown under the radar and are getting away with intentionally increasing costs for patients.
