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New Jersey Law Journal

Swipe Right: New Jersey Acts To Limit Credit Card Surcharges

On Aug. 18, 2023, New Jersey Gov. Phil Murphy signed into law a bill (A4284) that limits the surcharges merchants may charge their customers who choose to pay for goods or services using a credit card and requires disclosure of the surcharge.
8 minute read

Corporate Counsel

Ex-FTX GC Launches Law Firm, Says His 'Hugely Disappointing Experience' Will Be Asset for Clients

"The difference between something that's illegal and something that needs your advice and counsel to get corrected is usually pretty stark," said Ryne Miller, who left FTX after CEO Sam Bankman-Fried was charged with carrying out a massive fraud.
4 minute read

The Recorder

FDIC Names Pulte Mortgage and Subsidiary as Defendants in Lawsuit Over $3B in Losses

This suit was first surfaced by Law.com Radar.
3 minute read

Law.com

Massachusetts' Novel 'Fiduciary Duty Rule' for Broker-Dealers Could Lead to 'Patchwork of Regulation' in Other States

"With respect to the industry as a whole, if we end up with a patchwork of state regulation around broker-dealer standards of care, it's going to be very difficult for the broker-dealer community, particularly those that operate on a national level to understand what the requirements are where they operate," said K&L Gates partner Rich Kerr of the recent decision dismissing Robinhood Financial's challenge to Massachusetts' "fiduciary duty rule."
4 minute read

Law.com

'Significant Guidepost in Bank Litigation': Va. Appeals Court Rules Credit Union Not Liable for Scam Wire Transfers

"We decline to extend a duty to mandate the reporting of elder abuse or to mandate an action by a financial institution when elder abuse is suspected where the plain language of a statute clearly says otherwise," the appeals court said.
7 minute read

New York Law Journal

When Is an Attachment Levy Effective?

"Racing to find and attach and garnish a judgment debtor's assets before they literally disappear is an old sport played, most recently, at a higher level due to the stressful economic real estate times." This article discusses some of the authors' "war wounds and successes" with the issue, highlighting the most relevant case law and statutes.
19 minute read

Legaltech News

Western Alliance Bank Launches 'NewLaw Banking' Catering to Legal Industry's Tech Needs

The new service offering will take a tech-forward approach to cater to law firms, legal tech companies and ALSPs as the industry's banking, financing and business needs continue to evolve.
3 minute read

Corporate Counsel

Tactics of Booming Auto-Lending Industry Raising Ire of Consumer Financial Protection Bureau

A powerful U.S. regulator alleges the industry is rife with shenanigans, conduct it's trying to rein in by filing lawsuits.
3 minute read

New York Law Journal

The UCC Emerging Technologies Amendments: Part III (The Issue of Money)

The proposed changes to the UCC effected by the 2022 amendments are numerous, affecting every article in the statute. Among those changes are amendments to the definition of "money" and how a security interest in that type of asset can be perfected. In her Secured Transactions column, Barbara Goodstein discusses the treatment of money under the 2022 UCC amendments and how it's affecting the progress of adoption of the amendments throughout the states, and the "loosely titled hip-pocket amendment" that will try to resolve the issue impeding adoption.
8 minute read

Daily Business Review

Bankruptcy Filings Rise 10% and Local Courts Are Feeling the Pinch

Attorney Glenn Moses attributes the uptick to "...a more conservative approach by banks in their lending practices – causing liquidity issues for business which often results in a bankruptcy filing."
3 minute read

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