by dehs | Dec 10, 2020 | Business Law, Financial Institutions, Recent News
Hemp production has been legalized under both Federal and South Dakota law, and to the surprise of many, South Dakota voters recently approved a constitutional amendment legalizing marijuana. Bankers are already experiencing deposit-opening and loan requests from...
by dehs | Oct 29, 2020 | Financial Institutions, General, Recent News
Like other employers, financial institutions have worked to be flexible during the global COVID-19 pandemic by allowing employees to work remotely. With a growing remote workforce, many are enlisting the help of employee monitoring systems to oversee the devices used...
by dehs | Oct 2, 2020 | Community Involvement, Employment Law, Financial Institutions, General, Recent News
Davenport Evans lawyers Sarah Richardson Larson and Tiffany Miller have been selected as 2020-2021 committee chairs for the Greater Sioux Falls Chamber of Commerce. The Chamber offers 14 committees, each with a different purpose supporting the Chamber’s mission,...
by dehs | Sep 29, 2020 | Financial Institutions, Litigation, Recent News
“Setoff” is the right of a depository bank to appropriate funds in a deposit account it controls to satisfy debt owed by a customer to that depository bank. The right of setoff is derived from common law principals of law and equity, and has long been recognized in...
by dehs | Sep 17, 2020 | Financial Institutions, Recent News
On September 16, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to its Community Bank Advisory Council (CBAC). CBAC members serve a two-year term and provide advice on how the CFPB’s policies and rulemakings affect community...
by dehs | Sep 1, 2020 | Financial Institutions, Recent News
It is a truism in banking that federal regulations are a burden for the industry, and bankers often cite compliance with federal regulations as a significant burden. In a rare exception to that truism, the Office of the Comptroller of the Currency and the Federal...
