Archives
Month: August 2024
SCOTUS Extends Relief to Merchants and Consumers, At Least For Now
![Tom Clement](https://www.retailers.com/wp-content/uploads/2016/05/Clement_Tom-scaled.jpg)
On July 1, the United States Supreme Court (SCOTUS) properly ruled against the Federal Reserve Board (Federal Reserve), which was seeking dismissal of a retail merchant lawsuit. The underlying claim is that payment networks have been permitted to charge excessive interchange fees in violation of the Durbin Amendment to the Dodd-Frank Wall Street reform and Consumer Protection Act of 2010.
Regulatory Rundown: August/September 2024
![Capitol dome image](https://www.retailers.com/wp-content/uploads/2022/12/Capitol-Building-sky-circle-e1675264467283.png)
Federal Department of Labor Overtime Rule threshold increased July 1
On July 1, 2024, the salary threshold required to exempt a salaried professional from overtime pay increased from $35,568 to $43,888 ($844/week).
Organized Retail Crime Up Close
![](https://www.retailers.com/wp-content/uploads/2024/05/eCommerce-1.jpg)
I’ve talked a lot about organized retail crime over the years, but a couple of weeks ago it hit close to home. My younger sister, currently 31 weeks pregnant, was finishing up a return at the Eastwood Towne Center Lululemon in Lansing,