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.
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.