Fed Won’t Join Bank Supreme Court Appeal on Loan Disclosures
NEW YORK–(BUSINESS WIRE)–The Federal Reserve won’t join a banking industry trade group in asking the U.S. Supreme Court to let the government continue to withhold details of emergency loans made to financial firms in 2008. The Clearing House Association LLC, a group of the biggest commercial banks filed the appeal today. The Federal Reserve won’t file its own appeal, according to Kit Wheatley, an attorney for the central bank. The banks are appealing a lower court order requiring the Federal R
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