Larry Lorber quoted by CQ Roll Call

Larry Lorber was quoted in an October 18 story “Big reputational risk ahead for banks seeking federal contracts” in CQ Roll Call on how banks, credit unions and other financial firms seeking new or renewed contracts to provide credit card or benefit plan services to federal agencies will face high reputational risk from required disclosure of violations of numerous employment laws as the “blacklisting rule” begins to take effect next week. Lorber said that while reports of employment law offenses - even relatively minor and still-disputed ones - will be made available to the public, it is unlikely many financial firms will be found nonresponsible and therefore ineligible for federal contracts