U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted by more than expected.

The Corporate Transparency Act, a law aimed at combating financial crime, is back in play with a new filing deadline after federal district judge lifted a stay he imposed last

A recent court ruling has lifted the injunction on the enforcement of the Corporate Transparency Act, which means that most businesses are now expected to file their information with the Financial Crimes and Enforcement Network (FinCEN.)

Part two of Anthony Sabino’s two-part series analyzing Texas Top Cop Shop, Inc. v. Garland holding the Corporate Transparency Act unconstitutional and prohibiting its enforcement nationwide.

A U.S. District Court Judge in Texas has reinstated enforcement of the Corporate Transparency Act after previously pausing it in January. The law, is designed to expose shell companies involved in money laundering, and requires small businesses and farms structured as corporations or LLCs to report their beneficial owners.