Segments From This Episode

• Judges rules against the Corporate Transparency Act

  by Nova Safo

  A federal judge in Alabama has struck down an anti-money-laundering law, which made it harder for individuals to hide behind shell companies.

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• What does it mean for a bank to find “material weaknesses”?

  by Stephanie Hughes

  

  Regional lender New York Community Bancorp swapped out its CEO last week following the revelation of what it called “material weaknesses in the company’s internal controls.

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• The cost of money doesn't factor into the cost of living

  by David Brancaccio

  You pay more for breakfast cereal. You pay more for credit cards, with interest rates elevated in recent years. So how come the cereal increase is listed as “inflation” but not the higher interest rates? There’s a recent paper published by the National Bureau of Economic Research causing some buzz about this. To help us understand this better, let’s consult Christopher Low, chief economist at FHN Financial in New York.

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