Financial Institutions

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Banks routinely rely on third-party relationships to offer services to customers. Does the CFPB’s recent enforcement action signal that the potential risks of these relationships may be far greater than originally thought? Davenport Evans lawyer Ashlee A. Wendt explains.

The CFPB has been besieged by controversy since its inception. Legal and political woes suggest big changes are in store for the CFPB and its Director. Davenport Evans lawyer Charles D. Gullickson explains.

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Not all publicity is good publicity. Financial institutions can avoid being in the news for the wrong reasons by avoiding unfair, deceptive or abusive acts or practices (illegal under the Dodd-Frank Act of 2010) in their advertising. Read more from Davenport Evans lawyer Rita M. Edwards.

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Criminals continue to target financial institutions and their customers with email compromise fraud schemes. Although there is no guaranteed way to identify fraudulent transactions, this article from attorneys Keith Gauer and Ashlee Wendt offers some red flags banks and financial institutions should be prepared to spot.

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Davenport Evans lawyer Tiffany Miller and Click Rain Senior UX Content Strategist Justine Murtha discussed website accessibility and litigation risk on It’s Your Business with Bill Zortman on KELO Newstalk 1320 AM/107.9 FM on Friday, Nov 18. Podcast found here.

Davenport Evans lawyer Douglas J. Hajek discussed the impact of Initiated Measure 21 on a nearly 40-year-old South Dakota law that exempted financial institutions including banks, savings and loans, and credit unions from usury laws, or interest rate caps.

Davenport, Evans, Hurwitz & Smith LLP is pleased to announce the firm’s selection by U.S. News & World Report and Best Lawyers for inclusion in the 2017 edition of The Best Lawyers in America^©. Davenport Evans was named a Tier 1 firm in 16 practice areas.

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When inquiries about website accessibility compliance skyrocketed this year, Davenport Evans partnered with Click Rain, a Sioux Falls marketing technology agency, to investigate what was behind this trend—and whether their clients needed to worry. Together, the two companies created a tool that aims to help businesses control their risk.

Lenders are constantly reminded of the importance of taking appropriate steps to perfect a security interest in personal property which is collateral to assure a loan repayment. Nonetheless, there are numerous instances in which the lender has not perfected its security interest. In that event has the security interest lost all value? We would suggest it has not. Bob Hayes explains.

The D.C. Circuit Court of Appeals recently handed down a decision in PHH Corp. v. CFPB that raises questions about the constitutionality of certain aspects of the CFPB structure.  As Doug Hajek explains, the Court’s remedy, however, will not be very satisfying to the CFPB critics.