Search for: "First Nat. Bank v. Federal Reserve Bank"
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4 May 2023, 9:05 pm
It is a common refrain, mostly on the political right, that considering environmental, social, and governance (“ESG”) factors when investing is probably illegal.[1] The basis for this argument derives from the fiduciary duty of loyalty and its corollary, the “sole interest” or “exclusive benefit” rule, enshrined in both federal and state law, which prohibits fiduciaries from investing for any purpose other than the financial well-being of the beneficiary.… [read post]
19 Mar 2022, 2:09 pm
Remarkably, there are state and federal court judges who continue to misunderstand and misinterpret regulatory risk assessments, notwithstanding efforts to educate the judiciary. [read post]
7 Dec 2011, 1:20 pm
Bats and breezes take on federal policy: the windy effects of ... [read post]
29 Dec 2020, 4:00 pm
The CARES Act allows employees to exclude from income employer payments up to $5,250 applied to pay the employee’s federal student loan debt. [read post]