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When Signature Bank and Silicon Valley Bank were placed in receivership, the Federal Deposit Insurance Corporation (FDIC) transferred their respective assets to “bridge depository...
Where a judge enforced a child-custody order from a German court awarding custody of two children to their mother, that decision should be upheld because the Uniform Child-Custody Jurisdiction and Enforcement Act did not require the German court to apply the best-interest factors used in Michigan child custody cases.
Two resort companies in Florida have agreed to pay $325,000 to settle allegations related to false certifications they provided on a Paycheck Protection Program.
Lawmakers in Minnesota are working to ensure transgender youth have a safe space when seeking gender-affirming healthcare, moving a new "Trans Refuge" bill closer to law.
It has long been understood that deposit guarantees and too-big-to-fail (TBTF) policies create a moral-hazard problem—they incentivize banks to take on too much risk by shielding depositors and shareholders from losses in excess of equity (“left-tail” outcomes)—in American banking.1 Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) in 1991 to mitigate the moral-hazard problem by restricting forbearance and implicit subsidies for undercapitalized banks.