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Davis Polk Discusses Rulings on Fed’s Denial of Master Accounts to Custodia and PayServices

Reynolds Holding

District Court for the District of Wyoming (Wyoming District Court) upheld the FRBKC’s denial of Custodia’s application, reasoning that the FRBKC had the discretion to deny Custodia a master account even though Custodia was legally eligible to have one. The court provided seven reasons for its decision. No express requirement.

Banking 45
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New California Legislation Would Be a Major Step Forward for Climate Disclosure

Reynolds Holding

5] For the reasons discussed below, more firms – and their legal and other advisers– should follow them. 10] The SEC and possibly California are not the only authorities that are expanding their securities disclosure requirements to encompass more information about climate change. 9] See Sarah E. 46] The U.S. 8] Zachary M.

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Bipartisan Group of Former SEC Officials and Securities Experts Confirms Longstanding SEC Authority on Climate Disclosure

Reynolds Holding

The Working Group on Securities Disclosure Authority respectfully submits these comments on the Commission’s recent proposal related to mandated, standardized climate-related disclosures for investors. Fourth, we explain why claims that the SEC lacks authority to mandate public-company climate-change disclosures are unwarranted.

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Calling Republicans’ Bluff on the Debt Ceiling – and Creating Contingency Plans

Reynolds Holding

1] She also pointed out that Congress has raised the statutory ceiling to pay the debts that it has authorized almost 80 times since 1960. [2] A great many authorizations of spending by Congress under many different statutes may soon conflict with a single statute setting a budgetary debt ceiling. Buchanan & Michael C.

Treasury 104