- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-07-02T19:43:00
The Supreme Court of the United States (SCOTUS) extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
In a 6-3 decision, issued Monday, SCOTUS opened the door to legal challenges to regulations long after those regulations take effect.
The case, Corner Post v. the Federal Reserve Board, centered on a challenge by a North Dakota truck stop that sued over a Fed regulation related to fees that merchants must pay banks for handling debit card transactions. The fee took effect in 2011; Corner Post did not open until 2018.
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2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
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The United Kingdom’s latest effort to encourage regulators to pare down rules to attract companies and investment as a way to stimulate the economy has received mixed reviews from lawyers.
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The U.K. has pressed pause on artificial intelligence regulation as its government comes under twin pressures from those who fear the growing power of unregulated AI and the overriding need to generate growth. The postponement of long-expected legislation means that the U.K. is left sitting on the fence between federal ...
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