Legal | Alabama Bank News

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Legal, Publications

by Charles W. Prueter Unanimous opinions in cases concerning relatively mundane matters generally are not the stuff of the nightly news. These are not the hot-button cases that capture the nation — one obvious and important exception is Brown v. Board of Education, in ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller “Gentleman, this is a football.” The legendary coach Vince Lombardi kicked off training camp the same way each year, holding up the pigskin in front of his team of professional football players as a reminder that they must master ...Read More

Supreme Court Update for Banking and Financial Services Professionals:

Breaking, Industry Reports, Legal

by Charles W. Prueter The Supreme Court soon may take up an important case focusing on the balance of power in the NBA. No, it is not a challenge to the monopoly that the Golden State Warriors currently have on talent and championships in ...Read More

Court Ruling Threatens Real Estate Lending

Breaking, Industry Reports, Legal

A recent state Supreme Court ruling could potentially spell disaster for real estate lending in Alabama. In late September, the Court ruled that a future-advance mortgage does not create a mortgage lien until some indebtedness is incurred under the mortgage, rather than when the ...Read More

Door Hangers and Red Flags

Board Briefs, Breaking, Legal, Publications

by Elena A. Lovoy, McGlinchey Stafford As the leaves begin to change colors and football games fill our calendars, it remains business as usual (or unusual) in residential mortgage lending. Two interesting developments shed light on how far a court may be willing to ...Read More

Compliance Question of the Week

Breaking, Industry Reports, Legal

Question: For the Reg. DD – “indoor signs” exception in Section 1030.8(e)(2), I see that indoor signs are exempt from: permissible rates, when additional disclosures are required, bonuses, and certain media exemptions. My question is whether “when additional disclosures are required” includes, for example, an ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Politics, Publications

by Charles W. Prueter In the last installment of the Update, I wrote about then-Judge Brett Kavanaugh’s commitment to textualism and the separation of powers. Suffice to say, nobody has thought much about any legal doctrines or methods over the month since. Nevertheless, here ...Read More

Equity Incentive Plans – is Your House in Order?

Board Briefs, Breaking, Legal, Publications

by Andrew S. Nix, Maynard Cooper & Gale Equity incentives can be a very effective component of a bank’s compensation program. When used properly, equity incentives can help advance a bank’s business strategy, link pay and performance and provide a competitive advantage in recruitment ...Read More

Branch Employee Sales Compensation Practices: The Sequel

Board Briefs, Breaking, Industry Reports, Legal, Politics, Publications

by Elena A. Lovoy The summer movie line-up always includes sequels or reboots of prior box office hits and this summer has been no exception. “Mamma Mia! Here We Go Again” was released on July 20. The Bureau of Consumer Financial Protection (BCFP) also ...Read More

Supreme Court Update for Banking and Financial Services Professionals: A Look at (Soon-To-Be) Justice Brett Kavanaugh

Industry Reports, Legal, Politics, Publications

by Charles W. Prueter Since the departure of Justice Sandra Day O’Connor in 2005, Justice Anthony Kennedy has been considered the “swing” vote in cases of great moment, and focusing on—at times, obsessing over—how he would see the law became an oft-repeated ritual each ...Read More

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