RESULTS FOR POST TAG: banking regulatory compliance
Trial court rejects guarantor’s attempt to utilize a claim of negligent loan administration as an affirmative defense
Apr. 13, 2015 – William B. Serangeli, Iowa Banking Law Blog
The Court concluded that in the absence of expert testimony or published banking standards, a claim for negligent loan administration, if permitted, could not rest on the Bank’s internal policies alone.
Jan. 27, 2015 – John E. Lande, Iowa Banking Law Blog
…Target may have violated Minnesota’s Plastic Card Security Act. The law governs company retention of customer information. The court concluded that since Target is based in Minnesota the law applies to Target transactions regardless of whether they occur in Minnesota or not.
Jan. 23, 2015 – John E. Lande, Iowa Banking Law Blog
The Truth in Lending Act allows consumers to rescind certain loans within three days of consummation of the loan if they receive TILA disclosures, and up to three years after the date of the transaction if no disclosures are provided.
Banks beware: If your borrower receives Medicaid reimbursement payments from the state, your first priority interest may be in jeopardy
Jan. 14, 2015 – Joseph M. Borg, Iowa Banking Law Blog
A relatively new statute signed into law in July of 2013 poses a significant threat to lenders’ secured collateral when dealing with borrowers who receive Medicaid reimbursement payments from the State.
Jul. 7, 2014 – Jeffrey J. Andersen, Iowa Banking Law Blog
With the increasing scrutiny on unfair, deceptive, and abusive practices, banks must navigate carefully when enticing consumers with attractive mortgage promotions.