News & Analysis as of

New York Regulatory Agenda Regulatory Requirements

A&O Shearman

Bit by bit: improving consumer complaint processes in crypto

A&O Shearman on

On May 30, 2024, the New York State Department of Financial Services ("NYSDFS" or the "Department") issued guidance to all virtual currency businesses licensed or chartered with the Department ("VCEs"), including those...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Corporate Transparency Act Is Here and the New York LLC Transparency Act Is Coming

The Corporate Transparency Act and its implementing regulations (together CTA) came into effect on January 1, 2024, requiring entities within its scope to disclose information, including about their beneficial owners, to the...more

Sheppard Mullin Richter & Hampton LLP

Illinois Proposes Heightened Oversight for Healthcare Transactions

Starting January 1, 2024, healthcare facilities and provider organizations engaging in certain transactions in Illinois, such as mergers and acquisitions, will have new reporting requirements. Illinois recently joined a...more

Sheppard Mullin Richter & Hampton LLP

New York’s Rent Stabilization Laws Are Here to Stay, For Now At Least…

New York’s rent stabilization laws, amended in 2019, are arguably the most stringent in the country. Challenges to New York’s rent regulations are not new, and come from both sides of the aisle, tenants and landlords alike....more

Foley Hoag LLP - Energy & Climate Counsel

New York State Begins Phase-Out of Inefficient Appliances in Effort to Decarbonize Buildings

One year after the adoption of New York’s Advanced Building Codes, Appliance and Equipment Efficiency Standards Act, New York has new minimum energy efficiency standards for products and appliances. The standards, which apply...more

Littler

New York Delays and Limits Regulation of “Quotas” for Warehouse Workers

Littler on

In June of 2022, the New York legislature passed the Warehouse Worker Protection Act (WWPA) (A10020/S8922), which Governor Hochul signed into law on December 21, 2022. This legislation followed similar legislation in...more

Orrick, Herrington & Sutcliffe LLP

NYDFS revises proposed amendments to third-party debt collection rules

In December, NYDFS released revised proposed amendments to 23 NYCRR 1, which regulates third-party debt collectors and debt buyers. NYDFS first issued a proposed amendment to 23 NYCRR 1 in December 2021 ...more

Littler

New York State Legislature Seeks to Regulate Work-Related “Quotas” for Warehouse Workers

Littler on

On June 3, 2022, the New York Legislature passed Senate Bill 8922, the Warehouse Worker Protection Act (WWPA), which if signed into law, would significantly further regulate the working conditions of warehouse workers in New...more

Proskauer - Law and the Workplace

New York State Department of Labor Issues Proposed Rule for HERO Act Workplace Safety Committees

On December 22, 2021, the New York State Department of Labor (“NYDOL”) issued a proposed rule regarding workplace safety committees under the HERO Act. As we have previously reported, the HERO Act requires all employers in...more

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