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The re-election of former president Donald Trump as the 47th President of the United States will have major implications for the key policy issues described below. Empowered by a Republican majority in both chambers, Americans should expect emphasis on sweeping policy and regulatory changes to come during this next term.

Yesterday, the news broke that Gaetz withdrew his name, reportedly because the Trump administration concluded he would not have the votes to be confirmed. Little time passed before the new nominee was named. Enter former Florida Attorney General Pam Bondi.

Pundits and pontificators have been looking for any sign or indication as to how (and when) the new Trump administration will come into shape with respect to the consumer financial services sector.

On November 15, 2024, the U.S. District Court for the Eastern District of Texas granted summary judgement to the Plaintiffs in a case involving a challenge to the Department of Labor Rule (“DOL Rule”) which increased the “minimum weekly” salary level for exempt status under the Fair Labor Standards Act (FLSA).