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Avoiding Lending Limit Violations in Loan Purchase Programs
Many South Dakota banks seek to diversify their loan portfolios to include commercial or real estate loans originated in other markets. Because South Dakota banks may lack the ability to originate loans themselves in areas outside of their normal geographic market,...
BSA Takeaways from Kingdom Trust Consent Order
Earlier this year, FinCEN assessed a $1.5 million civil money penalty against South Dakota-chartered Kingdom Trust Company for willful violations of the Bank Secrecy Act. This was FinCEN’s first enforcement action against a trust company, and the South Dakota...
SiouxFalls.Business: From Brazil to Sioux Falls, Science to Law
Davenport Evans associate attorney Pedro N. Assis was featured as this week’s Up-and-Comer on Jodi Schwan's website SiouxFalls.Business. Read on for the article, written in a Q&A format. This article shared courtesy of SiouxFalls.Business. Name: Pedro Assis, full...
Davenport Evans Welcomes Elliot J. Knuths
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Elliot J. Knuths, to the firm. Elliot Knuths is a member of the Davenport Evans Trusts and Estates Practice group. Elliot is a native of Madison, South Dakota and joined...
Department of Labor Intends to Raise Overtime Salary Requirements
On September 8, 2023, the United States Department of Labor (DOL) published a Notice of Proposed Rulemaking Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees (the “Proposed Rule”). The Proposed...
CFPB Clarifies Adverse Action Notices: How well do you know your algorithm?
The CFPB issued a Circular on September 19, 2023 warning creditors using “artificial intelligence or complex credit models” that they may not rely on the checklist of reasons for adverse action in Regulation B. Rather, creditors must specifically and accurately...
Religious Accommodations — What Employers Need to Know After Groff v. DeJoy
A recent United States Supreme Court case, Groff v. DeJoy, “clarified” the standard governing religious accommodation requests by altering the “undue hardship” framework. This landmark decision has broad implications for employers and employees alike. It is important...
Davenport Evans Welcomes Pedro N. Assis
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Pedro N. Assis, to the firm. Pedro Assis is a member of the Davenport Evans Trust & Trust Companies practice group. He is a native of Guaxupé, Minas Gerais, Brazil....
Davenport Evans Welcomes Alex J. Hoffman
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Alex J. Hoffman, to the firm. Alex Hoffman is a member of the Davenport Evans Trusts and Estates Practice group. He is a native of Elk Point, South Dakota and joined the...
Best Lawyers® 2024 Recognizes 18 Davenport Evans Lawyers
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 18 Davenport Evans lawyers were listed in Best Lawyers® 2024 for South Dakota, in 22 different practice areas. In addition, two Davenport Evans lawyers were named 2024 Best...