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 10, 2025 | National Law Journal

DOJ Files Antitrust Suit to Block Amex GBT's Acquisition of Competitor

The deal would mark Amex GBT’s fifth acquisition of a travel management company since 2018 and would substantially harm competition in the industry, DOJ stated.

By Dan Novak

3 minute read

January 08, 2025 | National Law Journal

Khan Defends FTC Tenure, Does Not Address Post-Inauguration Plans

"It's humbling to realize what we've achieved in such a short time, and this extraordinarily level of impact from this small a team is virtually unheard of in government," Khan said. "This work, though, is far from over, and the FTC must remain vigilant, agile, and deeply committed to enforcing the law without fear or favor."

By Dan Novak

3 minute read

January 07, 2025 | National Law Journal

CFPB Finalizes Rule Removing Medical Debt From Credit Reports

The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.

By Dan Novak

3 minute read

January 06, 2025 | National Law Journal

CFPB Alleges Berkshire Hathaway Subsidiary Originated Unaffordable Housing Loans

Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.

By Dan Novak

3 minute read

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