NY Fed Beats Puerto Rico Bank's Suit Over Master Account <https://www.law360.com/newyork/articles/2281394?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-09&read_main=1&nlsidx=0&nlaidx=15> By Katryna Perera A New York federal judge on Wednesday tossed without prejudice a Puerto Rico bank's suit that sought to block the closure of its Federal Reserve master account, finding the New York Fed's interpretation of the Federal Reserve Act was correct and that the bank does not have a statutory right to a master account. Order attached | Read full article » <https://www.law360.com/newyork/articles/2281394?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-09&read_more=1&nlsidx=0&nlaidx=15> | Save to favorites » <https://www.law360.com/newyork/articles/2281394?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-09&read_later=1&nlsidx=0&nlaidx=15>