United States: Larger Rewards For Wall Street Whistleblowers May Be On The Horizon

As reported by the Wall Street Journal, the Obama administration will seek to remove the $1.6 million cap on rewards to whistleblowers who provide evidence of criminal conduct by financial executives under the 1989 Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).

In a speech at the New York University Law School, Attorney General Eric Holder explained that increasing the size of whistleblower awards under FIRREA “could significantly improve the Justice Department’s ability to gather […]

By | September 29th, 2014 ||

United States: Raising The Bar On Diversity And Inclusion: Dodd-Frank's Proposed Diversity Standards

The mortgage industry knows the compliance bar has been raised.  Few, however, have focused on the new bar being set on the diversity and inclusion front. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank or Act) mandated the creation of the Office of Minority and Women Inclusion (OMWI) in all agencies covered by the Act and further mandated that each OMWI shall be responsible for all matters of the agency relating to […]

By | September 28th, 2014 ||

United States: Third Circuit Decision Will Make It More Difficult For Employers To Defeat FMLA Interference And Retaliation Claims

Earlier this month, the U.S. Court of Appeals for the Third Circuit issued a decision which raises the bar for employers seeking to obtain summary judgment on claims raised under the Family and Medical Leave Act (“FMLA”) for interference with protected rights and retaliation for taking FMLA leave.

In Lupyan v. Corinthian Colleges, Inc., the Court concluded that: (1) an employer’s failure to provide notice to an employee that her leave would be characterized as leave […]

By | September 27th, 2014 ||