News & Analysis as of

Fair Labor Standards Act (FLSA) Employer Liability Issues Banks

Dinsmore & Shohl LLP

Navigating the New Federal Workplace Rules

Dinsmore & Shohl LLP on

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....more

CDF Labor Law LLP

Complying with Wage and Hour Obligations in the Face of Crisis

CDF Labor Law LLP on

The recent seizure and shutdown of two prominent regional banks – Silicon Valley Bank and Signature Bank – highlights for employers the issues that an unexpected liquidity crisis may bring. And, it’s not just banking...more

Ballard Spahr LLP

SVB Fallout – Beware of Employment Law Risks

Ballard Spahr LLP on

Companies impacted by the Silicon Valley Bank (SVB) failure may be concerned about their ability to meet immediate payroll obligations as they await funds from government regulators. Despite regulatory assurances that funds...more

Maynard Nexsen

Wage Payment Reminders in Wake of Uncertain Economic Conditions

Maynard Nexsen on

In light of the recent failure of Silicon Valley Bank, employers are well-advised to revisit their wage payment obligations to employees. As you may be aware, the SVB failure caused concern amongst some employers that they...more

McGuireWoods LLP

Silvergate, Silicon Valley Bank, Bank Receiverships in General, and Payroll Regulatory Challenges

McGuireWoods LLP on

In the wake of Silvergate’s collapse, Silicon Valley Bank entering receivership and another bank following in SVB’s footsteps, startups and other companies affected by these events are struggling to manage their payroll and...more

Parker Poe Adams & Bernstein LLP

Supreme Court to Review Cases Involving Overtime Exemption for Mortgage Loan Officers

On Monday, the U.S. Supreme Court accepted review of two lower court decisions of significant importance to the banking and financial services industries. The cases involve the question of whether mortgage loan officers are...more

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