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Federal Judge Dismisses EFTA Claim Against Bank of America in Stolen COVID-19 Unemployment Benefits Case

Finding PUA payments were qualified disaster relief payments, they satisfy the CFPB's interpretation of Regulation E § 1005.2(b)(3)(ii)(B). The payments are excluded from the definition of "prepaid account," and, thus, are outside of the EFTA's definition of covered "accounts," the federal judge concluded.
5 minute read

New Jersey Law Journal

Bond Market Slows in New Jersey Amid Interest Rate Changes

The market change comes as New Jersey's bond counsel community lost two important figures earlier this year: Jack Kraft and Lisa Gorab.
7 minute read

Daily Business Review

Hot Dogs vs. Deli Meat; Rising Costs Shape Choices at Walmart

Retailers this year have had to stay on top of shopping habits vastly changed by both rising costs and consumers that would rather spend money outside of the home rather than on it as the pandemic eases.
4 minute read

Daily Business Review

Cryptocurrency Hacks Soar as North Korea Targets DeFi

Decentralized-finance protocols, especially cross-chain bridges used to transfer tokens across blockchains, have emerged as one of crypto's weakest links after several large hacks this year.
2 minute read

Daily Business Review

Investors No Longer 'Apocalyptically' Bearish, BofA Survey Shows

U.S. stocks have rallied since mid-June after a better-than-expected corporate earnings season and there is optimism that a slight cooling in U.S. inflation will prompt the Federal Reserve to reduce the pace of its interest-rate hikes in time to avoid a recession.
3 minute read

Daily Business Review

US Factory Output Increases for First Time in 3 Months

Despite firming last month, manufacturing has moderated and risks losing more momentum as businesses contend with an inventory overhang and an easing in domestic demand for goods.
2 minute read

Daily Business Review

The Rise of the One-Day Workweek for Office Commuters

Recession fears have many wondering whether a return-to-office crackdown might be around the corner.
2 minute read

Corporate Counsel

Sprout Mortgage's Ex-Legal Chief Joins The Money Store Following Layoffs

Laura LaRaia, a mortgage industry legal and compliance veteran, found a new role as chief legal and enterprise risk officer for The Money Store in the wake of Sprout's abrupt closure last month.
2 minute read

Daily Report Online

State Appeals Court: Trial Court's Denial of Motion to Suppress Evidence Not a Final Order

"Under the collateral order doctrine, an interlocutory order may be appealed directly if it: '(1) resolves an issue that is substantially separate from the basic issues to be decided at trial, (2) would result in the loss of an important right if review had to await final judgment, and (3) completely and conclusively decides the issue on appeal."
3 minute read

Daily Business Review

Crypto Says Institutions Are Back, Though Retail Has Cold Feet

BlackRock partnered with Coinbase Global to make it easier for institutional investors to manage and trade Bitcoin and is offering its first-ever investment product directly in the cryptocurrency.
4 minute read

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