New London is a city in Rusk County, Texas, United States. The population was 987 at the 2000 census. On March 18, 1937, the London School Explosion killed in excess of three hundred people (most were children). This event led to the legal requirement in the United States that natural gas, which is normally odorless, be given an identifying smell. New London was originally known as just "London". However, as the US Post Office had already established a station at London, Texas in Kimble County, the town changed its name to "New London" in 1931.

What is banking and finance law?

Banking & Finance Law involves individuals and businesses in transactions with federal and state-chartered financial institutions -- including issues related to bank accounts, negotiable instruments, loans, interest rates, regulatory compliance, taxes, and more. Banking and finance law applies to those individuals and institutions that lend or borrow money. Lenders typically include banks, leasing companies, finance companies and other financial institutions. Borrowers are individuals, corporations, institutions or the government.