Tag: Washington (state)

EconomyPolicy

Federal Regulators Reverse Climate Risk Mandate for Major Banks

Federal banking agencies have eliminated climate risk planning mandates for major financial institutions. The policy reversal reflects ongoing debates about regulatory scope and financial risk management approaches.

Federal Banking Regulators Rescind Climate Planning Mandate

Federal regulators have reportedly withdrawn requirements that the nation’s largest financial institutions incorporate climate risk considerations into their long-term planning frameworks. According to reports, the Federal Reserve and Federal Deposit Insurance Corporation announced the policy reversal Thursday, eliminating guidance originally established during the Biden administration.

by Natalie Brooks
BusinessPolicy

Major Employment Law Shifts Reshape Hiring Practices in Late 2025

The third quarter of 2025 has brought significant legal developments affecting how employers hire, compensate, and manage workers. From expanded salary disclosure requirements to new restrictions on criminal background checks, businesses must adapt to a rapidly changing compliance landscape. These changes reflect a broader shift toward greater transparency and fairness in employment practices.

Expanding Fair Chance Hiring Protections

Employers across multiple jurisdictions are facing tightened restrictions on how they evaluate candidates with criminal histories, according to employment law analysts. Sources indicate that Philadelphia will implement new lookback periods beginning January 6, 2026, limiting misdemeanor convictions to a four-year window and excluding summary offenses entirely. The amended ordinance reportedly requires employers to provide written notice before taking adverse action based on criminal records and establishes a rebuttable presumption of retaliation if action follows within 90 days of a candidate asserting their rights.

by Natalie Brooks