Search Results for keywords:"statutory obligations"

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Search Results: keywords:"statutory obligations"

  • Type:Rule
    Citation:86 FR 2974
    Reading Time:about 63 minutes

    The Equal Employment Opportunity Commission (EEOC) has revised its rules to improve the conciliation process, which aims to encourage employers to settle discrimination charges before going to court. The new rules require the EEOC to provide clear information to employers about the claims, the legal basis, and the relief sought, with the goal of making the process fairer and more transparent. This change is expected to lead to more successful resolutions, helping employees receive quicker relief and reducing the need for lengthy and expensive litigation. The rule will take effect on February 16, 2021.

    Simple Explanation

    The EEOC has changed its rules to make the process of solving work problems about unfair treatment clearer and easier to understand, so people can get help faster without going to court. This change starts on February 16, 2021, aiming to help everyone play fair and save money by avoiding long court fights.

  • Type:Rule
    Citation:90 FR 1355
    Reading Time:about 8 minutes

    The Consumer Financial Protection Bureau (CFPB) has issued a final rule to adjust civil penalty amounts for inflation, fulfilling the requirements under the Federal Civil Penalties Inflation Adjustment Act. These adjustments ensure that penalties continue to serve as a deterrent and encourage compliance with the law. The new penalty amounts will take effect on January 15, 2025, and apply to violations occurring after November 2, 2015. This rulemaking process does not require public notice or comment due to its technical nature and statutory obligations.

    Simple Explanation

    The CFPB is changing fines to keep up with rising prices so that people follow the rules, starting January 15, 2025, for mistakes made after November 2, 2015.