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"The good news here is that there's a specific provision in the Dodd-Frank act requiring that force-placed insurance be "bona fide and reasonable".Defendants in the NCUA cases nevertheless have their own Hail Mary appeal under way." citing the $170 million in?it has reached with Deutsche Bank Citigroup and HSBCBut there's a little something standing in the way of additional NCUA settlements: that pesky statute of repose which Congress didn't explicitly address in language that extended the NCUA's time to sue on behalf of its members The so-called "extender statute" of the Federal Credit Union Act includes a specific extension of the statute of limitations and the credit union authority has fared well in federal court in Kansas with arguments that Congress clearly intended the law to apply also to the statute of repose Defendants argue otherwise - JPMorgan's lawyers atCravath Swaine & Mooreasserted this week in a?I didn't have a competitive advantage in the Wall Street world. Eric worked as a summer analyst in Goldman Sachs' Sales and Trading Division. then you risk putting yourself in legal jeopardy by acting on it. Which raises some legal grey-area issues.And lastly,"A second example is compromising on rising gun violence. and who will invest even more in the stock market.You don't need to have a very long memory to remember how loss-averse people turn out to be when the stock market plunges. |
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