Monthly News Summaries
Staying current about the ever-changing regulatory landscape - including recent court decisions and state findings - is a great challenge for everyone. We publish monthly newsletters - the Fundraising & Nonprofit Report and Telemarketing Connections® - which track both federal and state regulatory developments related to the fundraising and commercial telemarketing industries.
In this issue:
- The IRS released its fiscal 2012 exempt organization work plan this month.... One unusual note is the indication that organizations enjoying tax exempt status under § 501(c)(4) could receive a comprehensive questionnaire to ascertain whether their status is proper.
- In Florida, organizations which receive more than two-thirds of their funding from the state may soon see a salary cap in place. A senate committee has voted to proceed with such legislation.
- The New Hampshire state senate has produced a bill mandating that charitable organizations domiciled in the state send at least one board member to a training session, with a heavy focus on fiscal management and ethics.
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In this issue:
- The Bureau of Consumer Financial Protection has issued interim regulations implementing the Fair Credit Reporting Act restrictions on affiliate marketing.
- In Illinois, the owner of a company, Universal Marketing Solutions, has been sentenced to 15 years in prison for directing a fraudulent telemarketing program involving timeshare sales.
- A bill has been introduced in the Missouri Senate (SB 594) which would specify that the “do-not-call” list applies only to numbers used primarily for personal or family use.
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