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Credit unions obtain preliminary injunction blocking enforcement of NY law reducing debt judgment interest rate

A federal district court judge in the Southern District of New York ruled late last week that three credit unions had successfully established a likelihood of success on their claims that the retroactive application of New...more

Credit unions seek injunction blocking enforcement of NY law reducing debt judgment interest rate

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and...more

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