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].

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

December 10, 2024 | National Law Journal

Manufacturing Group Urges Sweeping Environmental Deregulation in Letter to Trump

“The regulatory onslaught reached a fever pitch during the Biden administration,” the letter stated. “You have the opportunity to tackle this challenge by addressing burdensome regulations that are stifling investment, making us less competitive in the world, limiting innovation and threatening the very jobs we are all working to create right here in America.”

By Dan Novak

3 minute read

December 09, 2024 | National Law Journal

Atkins Likely to Bring Pro-Business, Light Regulatory Touch to SEC, Say Agency Observers

In 2015 testimony to Congress, Atkins criticized Dodd-Frank for ceding too much authority to regulators, adding that the law will mean that “government, and not the markets, will choose the winners and losers.”

By Dan Novak

4 minute read

December 06, 2024 | National Law Journal

Peirce, Crypto Lawyers Eye Potential Regulatory Changes Under SEC Chair-Nominee Atkins

“I do look forward to providing more clarity where we can provide more clarity ... remembering that we're a regulatory agency with an enforcement arm, not an enforcement agency that doesn't have a regulatory arm,” said Republican Securities and Exchange Commissioner Hester Peirce.

By Dan Novak

4 minute read