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New York Law Journal

The CFPB Seeks Power Through Proposed Registry

The CFPB closed out 2022 with a deceptively innocuous-sounding proposal to require nonbank financial companies to report certain public orders and judgments relating to consumer protection violations. However, it is clear that this proposal is a powerful one-way ratchet the CFPB can use to expand regulatory control over fintechs and other nonbank financial companies.
7 minute read

Daily Business Review

Spain Unveils €10 Billion Package of Anti-Inflation Measures

Spain's annual increase in consumer prices climbed to nearly 11% after Russia's invasion of Ukraine triggered an energy crisis across Europe.
2 minute read

Daily Business Review

Korea, Japan Reopening Stocks Gain on End of China's Quarantine

People arriving in China as of Jan. 8 will no longer be quarantined, though they will still need to submit negative COVID-19 test results, health officials said.
3 minute read

Daily Business Review

Southwest Air Faces Gridlock With Flights Scrapped or Late

Dallas-based Southwest canceled almost 3,000 flights on Monday and had hundreds of others run late, disrupting more than 80% of its schedule as operational woes mushroomed in the wake of a massive storm.
4 minute read

Daily Business Review

Tech Stocks Fall as Yields Rise on China Reopening

Investors are hoping for a year-end rally to help mitigate what has otherwise been a brutal run for risk assets.
2 minute read

Daily Business Review

Recession, Rate Hikes, Diversity: What's Ahead for Banks in 2023

Odds are high for a recession next year as the Federal Reserve continues to boost borrowing costs in an effort to bring price pressures under control.
7 minute read

Daily Business Review

Goods-Trade Deficit Narrows to Smallest in Nearly 2 Years

While imports of consumer merchandise have fallen from a record earlier this year, they remain well higher than the pre-pandemic average.
2 minute read

Daily Business Review

Chicago's Shaky Pension Funds Face New Hit From Looming Downturn

Looking ahead, Chicago's pensions could take an even deeper hit in 2023 if the market rout continues to erode returns and the looming recession economists are warning of hurts the third most populous U.S. city's revenue.
7 minute read

The American Lawyer

Talcum Powder and Triple Doubles: Inside the Rebrand of Miami Lawyer John Ruiz's $33B SPAC

Set to become LifeWallet at the start of 2023, the company doesn't intend to change its core business of Medicare Secondary Payer Act claims recovery, which has so far generated 99% less revenue through Q3 than Ruiz predicted pre-IPO.
3 minute read

Daily Business Review

New York's MTA Approves Budget With Anticipated 5.5% Fare Hike

Metropolitan Transportation Authority officials have warned that without additional funding from New York state, the agency will have to consider larger fare increases, service reductions and layoffs.
5 minute read

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