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... 
by dehs | Aug 20, 2020 | Business Law, Employment Law, Estate Planning, Financial Institutions, General, Litigation, 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® 2021 for South Dakota, in 24 different practice areas. In addition, Jean H. Bender was named “2021 Lawyer of the Year” for... 
by dehs | Aug 18, 2020 | Employment Law, Financial Institutions, General, Recent News
Federal law requires individuals who have been convicted of crimes of dishonesty and similar offenses to submit an application to the FDIC for approval before becoming employed by a financial institution. The FDIC has recently issued a new rule that eases restrictions... 
by dehs | Aug 18, 2020 | Business Law, Estate Planning, Financial Institutions, Litigation, Recent News
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce selection of the following Davenport Evans lawyers to the 2020 edition of Great Plains Super Lawyers. Attorneys selected were ranked in the top 5% of practicing attorneys in South Dakota. Selected to... 