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    Judge Blocks New U.S. Rule Limiting Credit Card Late Fees

    Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.In March, the Consumer Financial Protection Bureau announced that a new federal rule would cap fees on late credit card payments at $8 a month, estimating that the change would save American households $10 billion a year.On Friday, a federal judge in Fort Worth temporarily blocked the rule, siding with bank and credit card company lobbyists who contend in a lawsuit that it is unconstitutional.The rule was scheduled to take effect on Tuesday. Now, the lobbyists can continue their legal fight in U.S. District Court before Judge Mark T. Pittman, who granted the preliminary injunction.The consumer bureau’s new rule would limit issuers to an $8 fee unless they could show that more money was needed to cover their collection costs. The bureau estimated that the rule would apply to more than 95 percent of all outstanding credit card balances.The Federal Reserve previously aimed to significantly limit credit card late fees in 2010. But a loophole in its rule, which permitted adjustments for inflation, allowed banks and credit card companies to charge an average of $32 a month in late fees, according to the consumer bureau.In announcing the new rule, Rohit Chopra, the bureau’s director, said it would end “the era of big credit card companies hiding behind the excuse of inflation when they hike fees on borrowers and boost their own bottom lines.” President Biden backed the rule, saying, “The American people are tired of being played for suckers.”Two days later, the U.S. Chamber of Commerce joined the American Bankers Association and the Consumer Bankers Association — whose boards of directors include executives from Bank of America, Capital One, Citibank and JPMorgan Chase — in suing Mr. Chopra and his bureau. Three Texas business associations are also plaintiffs. More

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    Transcript of Trump Manhattan Trial, April 30, 2024

    G. Farro

    Cross/Blanche
    Page 1631
    1
    there helping you make things happen?
    2
    A
    I have several team members, yes.
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    4
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    And, again, if we can put up Exhibit, already in
    evidence, 371, if we can go to the second page first, and then
    the next page.
    6
    This is, again, the various documentation associated
    7
    with the LLC that ultimately was founded, correct?
    8
    A
    That’s correct.
    9
    And on page two, there are some questions about
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    A
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    A
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    whether, I believe, standard questions about whether he is
    acting as an agent for anybody.
    And Mr. Cohen answered, no, to that, right?
    That’s correct.
    And if he had answered, yes, that would have
    potentially raised more questions?
    A Well, not only would it raise more questions, it would
    require more paperwork.
    What type of paperwork?
    We would have to know. We would have to determine
    exactly who he was acting as agent for.
    And by, know, just have him tell you, or would there
    have to be
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    A
    No.
    24

    25
    A
    – proof, documentation?
    Documentation.
    Susan Pearce-Bates, RPR, CCR, RSA
    Principal Court Reporter More

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    Can Weinstein’s Overturned New York Conviction Help Him Appeal California Case?

    Harvey Weinstein faced similar sex crimes charges in New York and California, but the arguments used to overturn one case may not help in the other.The decision by New York’s top court on Thursday to overturn the conviction of Harvey Weinstein on sex crime charges raised many thorny legal questions. Perhaps chief among them: Will it bolster his chances of a successful appeal in a similar case in California?Mr. Weinstein’s lawyer in California, Jennifer Bonjean, plans to file that appeal next month, and has said she believes the New York decision helps her chances of winning. In both cases, prosecutors offered witnesses who said they had been assaulted by Mr. Weinstein, the disgraced Hollywood producer, even though their accounts were not tied to criminal charges.Prosecutors in sexual assault cases sometimes use such witnesses to establish a pattern of behavior, but it can be a risky move because defendants are typically supposed to be judged only on the crimes with which they have been charged. The tactic was at the heart of the 4-to-3 decision on Thursday by New York’s Court of Appeals, which concluded that the judge who presided over Mr. Weinstein’s case in 2020 had deprived him of a fair trial by allowing those witnesses to testify.Mr. Weinstein is expected to appear in State Supreme Court in Manhattan on Wednesday for a procedural hearing that is the first step for prosecutors to restart the criminal case to try him again.New York and California law differ on the crucial issue of witnesses. The office of the Los Angeles district attorney, George Gascón, said that California’s law, unlike New York’s, allows evidence, at a judge’s discretion, that shows a defendant’s “propensity” to commit sexual assault.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump’s Trial Challenge: Being Stripped of Control

    The mundanity of the courtroom has all but swallowed Donald Trump, who for decades has sought to project an image of bigness and a sense of power.“Sir, can you please have a seat.”Donald J. Trump had stood up to leave the Manhattan criminal courtroom as Justice Juan M. Merchan was wrapping up a scheduling discussion on Tuesday.But the judge had not yet adjourned the court or left the bench. Mr. Trump, the 45th president of the United States and the owner of his own company, is used to setting his own pace. Still, when Justice Merchan admonished him to sit back down, the former president did so without saying a word.The moment underscored a central reality for the presumptive Republican presidential nominee. For the next six weeks, a man who values control and tries to shape environments and outcomes to his will is in control of very little.Everything about the circumstances in which the former president comes to court every day to sit as the defendant in the People v. Donald J. Trump at 100 Centre Street is repellent to him. The trapped-in-amber surroundings that evoke New York City’s more crime-ridden past. The lack of control. The details of a case in which he is accused of falsifying business records to conceal a payoff to a porn star to keep her claims of an affair with him from emerging in the 2016 election.Mr. Trump in court on Friday.Maansi Srivastava/The New York TimesOf the four criminal cases Mr. Trump is facing, this is the one that is the most acutely personal. And people close to him are blunt when privately discussing his reaction: He looks around each day and cannot believe he has to be there.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Judge in Trump Trial Asks Media Not to Report Some Juror Information

    The judge in former President Donald J. Trump’s criminal trial ordered reporters to not disclose employment information about potential jurors after he excused a woman who said she was worried about her identity becoming known.The woman, who had been seated on the jury on Tuesday, told the judge that her friends and colleagues had warned her that she had been identified as a juror in the high-profile case. Although the judge has kept prospective jurors’ names private, some have disclosed their employers and other identifying information in court.She also said that she did not believe she could be impartial.The judge, Juan M. Merchan, promptly dismissed her.Moments later, Justice Merchan ordered the press to not report the answer to two queries on a lengthy questionnaire for prospective jurors: “Who is your current employer?” and “Who was your prior employer?”The judge conceded that the information about employers was necessary for lawyers to know. But he directed that those two answers be redacted from the transcript.Justice Merchan also said that he was concerned about news outlets publishing physical descriptions of prospective or seated jurors, asking reporters to “simply apply common sense.”“It serves no purpose,” Justice Merchan said about publishing physical descriptions, adding that he was directing the press to “refrain from writing about anything you observe with your eyes.”With the loss of the female juror on Thursday morning, six seated jurors remain.In early March, Justice Merchan issued an order prohibiting publicly disclosing the names of jurors, while allowing legal teams and the defendant to know their identities.But before the trial, Mr. Trump’s lawyers requested that potential jurors not be told that the jury would be anonymous unless he or she expressed concerns. Justice Merchan told the parties that he’d “make every effort to not unnecessarily alert the jurors” to this secrecy, merely telling jurors that they would be identified in court by a number.On Thursday, Justice Merchan seemed frustrated by news reports that included identifying characteristics of potential jurors that had been aired in open court. He said: “There’s a reason why this is an anonymous jury, and we’ve taken the measures we have taken.”“It kind of defeats the purpose of that when so much information is put out there,” he said.He added that “the press can write about anything the attorney and the courts discuss and anything you observe us do.”But he also said he had the legal authority to prevent reporters from relaying employer information on prospective jurors. He added that “if you can’t stick to that, we’re going to have to see if there is anything else we can do to keep the jurors safe.” More