Debt on your credit cards is higher to pay, but we're not allowed to call that inflation.

I'm David Brancaccio. First, a federal judge in Alabama has struck down an anti-money laundering law, which made it harder for crooks to hide behind

shell companies. These are entities that exist on paper only without employees or offices.

The Corporate Transparency Act had gone into effect in January,

bought the National Small Business Association, brought a challenge.

Marketplace's Novasafo has details.

Congress applied the Corporate Transparency Act to small companies with less than 20 employees,

under $5 million in gross revenue,

and no physical offices in the U.S.

The idea was to require any so-called beneficial owners in shell companies to disclose themselves.

But Alabama-based U.S. District Judge Liles Burke, a Trump appointee, said that Congress assumed

powers the Constitution did not grant and that corporate formation was a function regulated by states.

In a statement, the National Small Business Association, the group that sued, said Congress

should go back to the drawing board because the law at issue would not stem money laundering but does violate

Americans privacy. The Treasury Department has not said whether it will appeal.

I'm Nova Sopho for Marketplace.

We continue to follow the ordeal at a regional bank that had a lot of commercial real estate loans on its books, New York Community Bank Corp.

Its stock has lost two-thirds of its value in just over a month.

New York Community had acquired about

40 billion dollars in assets a year ago from failing signature bank. Late last

week New York community got a new CEO amid news of quote material weaknesses in the company's

internal controls. Marketplace is Stephanie Hughes now on the definition of

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