By: Jeremy McLaughlin, Greg Blase, Andrew Glass, and Josh Durham
The Supreme Court issued two decisions at the end of its term that will significantly alter how federal courts review challenges to federal regulations. The decisions could have a significant impact on the highly regulated payments industry.
Read MoreBy Judie Rinearson, Jennifer Crowder, and Jeremy McLaughlin
On February 28, 2023, the US Supreme Court issued its decision in the abandoned property lawsuit, Delaware v. Pennsylvania (see https://www.supremecourt.gov/opinions/22pdf/145orig_kjfl.pdf)
The question addressed by the Court focused on which state was entitled to collect unclaimed property, which arose from two financial products sold by banks on behalf of Moneygram: Agent Checks and Teller’s Checks (collectively, the “Checks”).
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