Category: Finance

June 22, 2022

Illinois has enacted amendments to the Child Bereavement Leave Act, expanding the law’s scope and renaming it the “Family Bereavement Leave Act” (FBLA). The amendments are effective Jan. 1, 2023, and the two major purposes are to: (1) expand the […]

June 20, 2022

The Big Picture of Islamic Banking Although Islamic finance began in the seventh century, it has been formalized gradually since the late 1960s. This process was driven by the tremendous oil wealth that fueled renewed interest in and demand for […]

June 17, 2022

On June 7, 2022, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) introduced the Responsible Financial Innovation Act (RFIA), which seeks to create a complete regulatory framework for digital assets. This is the second in a series of blogs […]

June 13, 2022

The Roth IRA has many benefits compared to the traditional IRA. Distributions from traditional IRAs, for example, are generally treated as ordinary income and may be subject to income tax. Distributions from traditional IRAs may also be subject to an early distribution penalty […]

June 8, 2022

A contractual dispute had arisen between M/s Karam Chand Thapar & Co (“Petitioner”) and MMTC (“Respondent”), which was referred to arbitration. The arbitral tribunal had passed an award in favour of the Petitioner, which was being enforced by the Petitioner […]

June 3, 2022

What Is a Credit Facility? A credit facility is a type of loan made in a business or corporate finance context. It allows the borrowing business to take out money over an extended period of time rather than reapplying for […]

June 1, 2022

Understanding Quasi Contracts Quasi contracts outline the obligation of one party to another when the latter is in possession of the original party’s property. These parties may not necessarily have had a prior agreement with one another. The agreement is […]

May 31, 2022

Launched in 1999 as part of the EU’s integration as the European Economic and Monetary Union (EMU), the euro was strictly an electronic currency until the introduction of paper notes and coins denominated in euros in 2002. The euro is […]

May 23, 2022

FIRST LOOK: Dozens of House Republicans are making it clear that they oppose any efforts to impose a windfall tax on U.S. energy companies. About 50 GOP lawmakers in all — including every Republican on the House Ways and Means […]

May 16, 2022

James Tobin was a Neo-Keynesian economist who received the 1981 Nobel Prize in economics for his research on the financial system and its impact on inflation and employment. He is known for pioneering the Tobin Tax, a levy on foreign […]

April 28, 2022

Just a little more than a month after issuing a report taking aim at medical debt collections, the CFPB has issued a new report on “Medical billing and collection issues described in consumer complaints.” The report analyzes debt collection and […]

April 26, 2022

Headline inflation is the raw inflation figure reported through the Consumer Price Index (CPI) that is released monthly by the Bureau of Labor Statistics. The CPI calculates the cost to purchase a fixed basket of goods, as a way of […]

April 21, 2022

Automated and algorithmic decision-making tools have become run-of-the-mill in everything from loan and apartment applications to employment searches and university acceptances. Such tools provide increased efficiency, accuracy, and customer satisfaction for, among many others, banks and financial institutions. These innovations […]

April 19, 2022

Ohio’s Surprise Billing Law, R.C. § 3902.51, became effective January 12, 2022, but its impact on health plans is still evolving. The law strives to prevent patients from receiving and paying surprise medical bills, specifically those stemming from unanticipated out-of-network […]

April 13, 2022

What Is a Mortgage Rate Lock Float Down? The term mortgage rate lock float down refers to a financing option that locks in the interest rate on a mortgage with the option to reduce it if market rates fall during […]

April 12, 2022

LeanLaw is cloud-based legal timekeeping and billing software with real-time two-way integration with QuickBooks Online. Its features include time and expense tracking, fixed-fee billing, reporting, and more. Its QuickBooks Online integration allows you to create and send invoices, manage Interest […]

April 12, 2022

Making the decision to start the estate planning process is an important one. The first thing you must decide is if you can use an online estate planning tool or if you should work directly with an attorney. There are […]

April 11, 2022

Propy has announced that the second U.S. NFT-backed property (see our blog about the first NFT sale here in which we discussed blockchain technology, and specifically how the sale works) is set to be auctioned, with a starting price of […]

April 8, 2022

If you already have an estate plan in place, you might think you’re all set and don’t need to think about estate planning ever again. Most people actually need to update their estate plan every few years because life, finances, […]

April 6, 2022

We recommend CosmoLex for lawyers and law firms wanting a single solution to manage their legal practice and accounting instead of having to work with QuickBooks or any other bookkeeping program. CosmoLex claims to be the only legal practice management […]