Dan Novak

Dan Novak

Dan Novak is the regulatory reporter for the National Law Journal, focusing on the environment, securities, and antitrust. He is based in Washington, DC. You can reach him at [email protected].

January 03, 2025 | National Law Journal

JetBlue Airways Will Pay $2M to Settle DOT Charges of Chronically Delayed Flights

From June 2022 to November 2023, JetBlue operated four flights that were delayed at least 145 times, DOT stated in its consent order.

By Dan Novak

3 minute read

January 02, 2025 | National Law Journal

Crypto Groups Sue IRS Over Decentralized Finance Reporting Rule

“Complying with those requirements is impossible if DeFi is to remain what it is, because complying with those requirements would require DeFi entities to become brokers when their defining characteristic is that they are not intermediaries,” the complaint stated.

By Dan Novak

3 minute read

December 31, 2024 | National Law Journal

Will GOP-Led Senate, House Move to Repeal Biden's Late Regulations as Law Provides?

“There was an unprecedented increase in regulatory activity in the first few months of this year, especially March-April,” said Susan Dudley, founder and senior scholar at the GW Regulatory Studies Center. “It was because I believe they were very aware of the Congressional Review Act.”

By Dan Novak

4 minute read

December 27, 2024 | National Law Journal

Foreign-Company Lobbyists Would Need to Register Under Proposed DOJ Regulation

The proposed regulatory change to the Foreign Agents Registration Act's commercial exemption “doesn't really take into account a lot of the practical realities associated with foreign companies doing business in the United States,” Covington & Burling's Alexandra Langton said. “And I think that this is going to be a pretty impactful change for those multinational corporations.”

By Dan Novak

4 minute read

December 23, 2024 | National Law Journal

Financial Watchdog Alleges Walmart Forced Army of Gig-Worker Drivers to Receive Pay Through High-Fee Accounts

The Consumer Financial Protection Bureau sued Walmart and the payments platform Branch Messenger in federal court in Minnesota.

By Dan Novak

2 minute read

December 20, 2024 | National Law Journal

SEC Penalizes Wells Fargo, LPL Financial $900,000 Each for Inaccurate Trading Data

Both companies have made efforts to improving their blue sheet data reporting by hiring more personnel, implementing new governance frameworks and strengthening reporting technology, the U.S. Securities and Exchange Commission stated.

By Dan Novak

3 minute read

December 19, 2024 | National Law Journal

US Reviewer of Foreign Transactions Sees More Political, Policy Influence, Say Observers

“One of the challenges to this whole process is how does one define national security,” said attorney Justin Huff of Dorsey & Whitney, who served on the Committee on Foreign Investment in the United States at the Treasury Department under the Obama and Trump administrations.

By Dan Novak

4 minute read

December 17, 2024 | National Law Journal

FTC Bans 'Junk Fees' in Live-Event Tickets and Short-Term Lodging

Live-event ticket providers, hotels and short-term vacation rentals such as Airbnb must clearly advertise to customers the total price, including any fees, under the rule the Federal Trade Commission adopted on a 4-1 vote.

By Dan Novak

3 minute read

December 17, 2024 | National Law Journal

CFPB Reports Widespread Misconduct Across Student Loan Market

The report “points to what a lot of us in the field think is a forthcoming default crisis and seeing a lot more federal student loan borrowers default into 2025,” said Stephanie Hall, a higher education policy expert at the Center for American Progress.

By Dan Novak

3 minute read

December 12, 2024 | National Law Journal

Senate Panel Postpones Vote on Reconfirmation of Democrat Crenshaw to SEC

Absent Crenshaw's reconfirmation, Trump would be able to nominate her successor. That selection would have to be a Democrat as the five-member SEC may have no more than three Republican commissioners during a GOP presidential administration.

By Dan Novak

3 minute read