by dehs | Nov 22, 2022 | FAQ, Financial Institutions, Recent News
The Federal Bank Secrecy Act is aimed at preventing money laundering and the financing of terrorism or other criminal activity, and suspicious activity reporting is a key component of the BSA framework. A bank’s failure to file suspicious activity reports or its... 
by dehs | Oct 31, 2022 | Financial Institutions, Recent News
Banks are creatures of limited powers under both state and federal law and are tightly constrained when it comes to the types of investments they may hold. Those constraints apply to both debt securities a bank may hold for investment, and also equity securities,... 
by dehs | Oct 2, 2022 | Community Involvement, Financial Institutions, Recent News
The following is shared courtesy of the South Dakota Bankers Association. Kristina Schaefer is an Alumna of Davenport, Evans, Hurwitz & Smith, LLP. Schaefer Honored by American Bankers Association with Inaugural Emerging Leader Award PIERRE, SD –... 
by dehs | Aug 29, 2022 | Financial Institutions, Litigation, Recent News
In 2004, the United States Supreme Court was faced with the question of whether a debtor could “cram down” the interest rate applicable to a secured creditor’s claim by using a “prime-plus” formula approach. In Till v. SCS Credit Corp., a Chapter 13 case, the debtors... 
by dehs | Aug 18, 2022 | Business Law, Employment Law, Financial Institutions, Recent News
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 17 Davenport Evans lawyers were listed in Best Lawyers® 2023 for South Dakota, in 22 different practice areas. In addition, three Davenport Evans lawyers were named 2023 Best... 
by dehs | Jul 11, 2022 | FAQ, Financial Institutions, Recent News
Fans of the Harry Potter books will recall the first book when young Harry was living with his muggle (non-wizard) family and he started receiving letters from Hogwarts, the wizard school, inviting him to attend during the next school session. At first his muggle...