by dehs | Jun 18, 2021 | Financial Institutions, General, Recent News
The Maryland Commission of Financial Regulation recently filed a “Charge Letter” (a form of an administrative complaint) to commence an administrative action against the Bank of Missouri, Fortiva, and Atlanticus. The Charge Letter asserts that the bank and its... 
by dehs | Jun 7, 2021 | Financial Institutions, Recent News
Banks today face many risks – credit risk, operational risk, liquidity risk – many of which are managed by well-trained individuals specializing in a given area of concern. The same is true of compliance risk, which is generally the responsibility of the bank’s... 
by dehs | Apr 29, 2021 | Financial Institutions, General, Recent News
On April 5, 2021, the Financial Crimes Enforcement Network (FinCEN) published an advanced notice of proposed rulemaking (ANPR) seeking feedback through May 5 from financial institutions (and others) regarding the beneficial ownership reporting requirements to be... 
by dehs | Apr 12, 2021 | Financial Institutions, Recent News
Despite COVID, some interesting discussions on use of federal funds to fight COVID, and some splits in the majority party over certain issues, the 2021 Legislature was generally positive for banks and trust companies. For trust companies and bank trust departments,... 
by dehs | Mar 1, 2021 | Financial Institutions, Recent News
Near the end of 2020, the “Consolidated Appropriations Act” became law. As suggested by the title to the Act, it included a potpourri of legislative actions, many of which were designed to provide COVID-19 relief. One of the measures adopted as part of the Act amended... 
by dehs | Jan 28, 2021 | Financial Institutions, Recent News
The Independent Community Bankers of South Dakota (ICBSD) is teaming up with Preferred Partner Davenport Evans Law Firm to bring you a complimentary, conference call on Cannabis and Banking, powered by Davenport Evans Law Firm. The presentation, entitled, Cannabis:...