Swipe fee victory
Last week, the Court of Appeals for the Second Circuit rejected the multi-billion-dollar settlement that was reached between retailers and Visa and MasterCard. The court ruled that the settlement was “unreasonable and inadequate” and sent the case back for further litigation. As a reminder, this is the case that many PRLA members have been contacted about in terms of signing a contract with some companies to receive this settlement. There is still NO settlement and any group that contacts you saying that there is, is misleading you.
Department of Justice says no to BMI/ASCAP
The U.S. Department of Justice recently rejected petitions from two music licensing groups, BMI and ASCAP, that would have allowed them to partially withdraw from “consent decrees” that govern how they charge businesses for playing music. The National Restaurant Association continues to pursue a legislative fix to ensure businesses are protected from some of the practices used by these licensing companies.
You should start now in revamping your current payroll process and look at employee compensation to make sure you are compliant with the new overtime regulations that are scheduled to begin on December 1.
Congress pushing to phase-in federal overtime rule
Rep. Kurt Schrader (D—Oregon) has introduced H.R. 5813, the “Overtime Reform and Enhancement Act,” to phase in the new overtime threshold over the course of three years. The bill would increase the threshold to $35,984 on December 1, 2016; $39,780 on December 1, 2017; $43,628 on December 1, 2018; and $47,476 on December 1, 2019. The plan would also eliminate DOL’s three-year automatic increases in the salary threshold.