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Supreme Court Ponders Religion's Place
Conference Call: The Supreme Court is back in action on Sept. 27 and will decide whether to take up controversial cases on the Ten Commandments, the religious rights of prisoners, and property rights.Prepaid debit card market adds Justin Bieber to the mix
Myriad players are stepping up with their own prepaid debit products on the theory that some consumers may pay a slight premium for a card with novel functions — or Justin Bieber's picture.Bill A Bad Deal for Internet Gaming
While an Internet gambling ban making its way through the House Judiciary and Commerce committees has been in the headlines, a lesser known piece of legislation takes a very pragmatic approach to the problem: It prohibits online casinos from getting paid. And lobbyists for banks and credit card associations are keeping a nervous watch.Surging U.S. savings may restrain growth
Saks Fifth Avenue is cutting orders 20 percent after posting losses in the last four quarters. Kia Harris says some customers at the Washington shoe store where she works are buying one pair rather than three. In the recession following a borrowing binge that sent consumer debt to the highest level ever, Americans are shutting their wallets and building their nest eggs at the fastest pace in 15 years.Company That Was Cyber-Heist Victim Is Spared Liability to Its Stockholders
A Princeton, N.J.-based company that failed to protect itself against an off-the-scale computer data breach has succeeded in fending off a securities fraud action over the resulting losses to investors. In 2008, hackers stole information on 130 million credit card and debit card accounts from Heartland Payment Systems, which processes payroll and credit card payments for more than 250,000 businesses and handles about 100 million transactions per month.Tax Case Before High Court Could Mean Big Bucks for Business
In its private conference this week, the Supreme Court will consider whether to grant review in a case that addresses the constitutionality of a West Virginia law that imposes income and franchise taxes on out-of-state companies that have customers -- but not a physical presence -- in the state. Banking giant MBNA America describes its petition for certiorari as presenting "the single most important constitutional issue in state taxation of the last four decades."From banking to investing, overhaul will affect you
The financial overhaul is about more than exotic derivatives and complex risk assessments. It will change how you interact with the financial system every day, from swiping your debit card at the store to applying for a mortgage.That includes new rules governing how we bank, borrow and invest, plus the creation of a new regulator to make sure financial transactions like signing up for a credit card are safer and easier to understand.State AI Legislation Is on the Move in 2024
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