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Polsinelli

Federal Reserve Board Enforcement Action Raises Concerns as to Reach of Regulators’ Jurisdiction

Polsinelli on

Key Takeaways - The Federal Reserve Board issued a removal and prohibition order against a former bank employee based on alleged misconduct unrelated to her role at the bank, raising concerns about the scope of regulatory...more

Orrick, Herrington & Sutcliffe LLP

Musk and Powell trade points on Fed staffing

On March 3, Elon Musk, who has been leading the efforts at DOGE, posted on a social media platform that the Fed was “absurdly overstaffed.” Musk has reportedly sought to reduce federal government spending under President...more

Ballard Spahr LLP

Federal Judge Issues Order Prohibiting Massive Layoffs, Budget Cuts at CFPB Pending Ruling on Motion for Preliminary Injunction

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A federal judge has issued an order temporarily prohibiting the Trump Administration from imposing mass layoffs and budget cuts at the CFPB....more

Verrill

What You Need to Know About the FTC’s Proposed Non-Compete Ban

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Today, January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would ban companies from requiring non-compete agreements to be signed by employees and contractors (“Proposed Rule”). The FTC estimates...more

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