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The Latest Breaking News from FPC

The 5th Circuit Considers Whether the Trump Administration Was Legally Authorized To Ban Bump Stocks

Regulators imposed the ban based on a highly implausible and counterintuitive reading of federal law.

Reason

This Lawsuit Says a Recent SCOTUS Decision Makes It Clear That 'Assault Weapon' Bans Are Unconstitutional

The Supreme Court unambiguously rejected the sort of reasoning that a federal appeals court used to uphold New York's ban.

Reason

Mortgage affordabilty tests: Bank of England abandons ‘stress test’ recommendation for mortgage approvals

The change could help some borrowers get loans but strict loan-to-income limits remain in place

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Lawsuit seeks to overturn Washington ban on sale, manufacture of large-capacity gun magazines

SEATTLE — A lawsuit backed by a California-based pro-gun group seeks to prevent Washington's impending ban on the sale and manufacture of large-capacity firearm magazines from taking effect this summer.

Tribune News Service

Native logging ban leaves 'bitter taste' in mouth of forestry families, amid timber supply concerns

Forestry families fear "the end is near" for their businesses as WA's native logging ban looms, and they question where Australia's future timber supplies will come from.

ABC News

Calling Police Officer "Pig," "Terrorist," "Punk Ass," and "Bitch" in Facebook Comments Not Obscene After All

So a federal district court held, reversing an earlier magistrate judge ruling on this point; the court also rejected the view that the Free Press Clause only protects "members of the press."

Reason

Sanctions highlight need for regulation of crypto market, Bank officials say

The value of crypto assets around the world increased tenfold between early 2020 and November last year, hitting as high as 2.9 trillion dollars.

The Independent UK

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Ukraine war clouds economic outlook and puts borrowers under strain, warns Bank

The Bank’s Financial Policy Committee said UK lenders remain strong enough to ‘withstand severe market and economic disruption’.

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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