General

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On January 16, the CFPB and the New York Attorney General announced a settlement of claims against Sterling Jewelers, Inc., including brands Kay Jewelers, Goodman, and Jared the Galleria of Jewelry. According to the Complaint, Sterling engaged in unfair and deceptive business practices and violated TILA and Regulation Z in connection with the marketing and sale of credit products at their retail jewelry locations. Davenport Evans lawyer Keith Gauer examines the settlement and provides practical suggestions for banks to consider when originating credit products through third parties at points of sale.

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Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce that Kalen K. Biord has become a partner in the firm. A South Dakota native, Kalen joined Davenport Evans in 2017 after practicing in Wyoming for a number of years.

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What does it mean if an animal is branded in South Dakota? What does branding mean for bankers who lend to livestock producers? Litigation attorney Vince Roche explains.

The lifetime estate exclusion amount (also sometimes called the estate tax exemption amount, the applicable exclusion amount, or the unified credit amount) has been increased for inflation beginning January 1, 2019. See tables here from Davenport Evans lawyers.

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Sometimes a bank wants to get a portion of a possibly troubled credit off its books. Management of the bank is willing to step in, motivated by good intentions, and provide financing to the borrower to help pay down the debt. But when both the bank and its affiliate have a lending relationship with the same borrower and the bank continues to advance funds to the borrower, the bank needs to tread carefully to avoid regulatory traps. Read more from financial services lawyer Charles D. Gullickson.

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Davenport, Evans, Hurwitz & Smith Law Firm, in Sioux Falls, South Dakota, welcomes pheasant hunters to the pheasant hunting capitol of the world! We have compiled South Dakota pheasant hunting resources and news from across the state, in one convenient place.

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Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Olivia R. Karns, to the firm.

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Davenport, Evans, Hurwitz & Smith, LLP is pleased to welcome attorney Mary Ellen Dirksen to the firm. Dirksen is a member of the Labor and Employment practice group and the Estate Planning and Probate and Trust Administration practice group.

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When the National Geographic Channel embarked on the series, The ’80s Greatest, they viewed the credit card as the catalyst for shopping malls, designer jeans, and the unofficial American motto, “I Want It All.” So they contacted Davenport Evans lawyer Doug Hajek, known for his presentation on how Citibank came to South Dakota. The Citibank move was the first step in making credit cards available to everyday Americans. That’s how a mild-mannered South Dakota lawyer ended up surrounded by celebrities. Check out this fun and fascinating special from the National Geographic Channel, The ‘80s Greatest, Season 1 Episode 6, “I Want It All.”

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As estate planning attorneys, we are often asked, “Should I have a Revocable Living Trust?” This leads to a discussion of a trust’s advantages and disadvantages. The most notable advantages of a Revocable Living Trust are probate avoidance and ease of administration during settlor’s incapacity. Davenport Evans Lawyer Mark R. Krogstad explains.