Consumers Habits Shift as they Maintain a Positive Outlook on Grocery Shopping
FMI’s newest edition of our annual survey, U.S. Grocery Shopper Trends 2024: Finding Value, provides a crucial snapshot of consumer behavior and sentiment amid ongoing concerns about the impact of inflation on the cost of groceries.
SCOTUS Extends Relief to Merchants and Consumers, At Least For Now
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
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).
