Legal | Alabama Bank News

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal

by Charles W. Prueter The Supreme Court of the United States is open to the public from 9 a.m. to 4:30 p.m., Monday through Friday. (That includes the gift shop, where you can buy any number of gavel-shaped trinkets, including a gavel-headed pencil with ...Read More

Lender Liability: Can Enforcing the Terms of a Loan Agreement Be a Breach of Contract?

Board Briefs, Breaking, Industry Reports, Legal, Publications

by Michael Odom Can a bank be held liable for breach of contract for calling a loan after the maturity date, or where the note says it is payable on demand? Can a lender be held liable for refusing to make an advance under ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Politics, Publications

by Charles W. Prueter In 2007, a bankruptcy and securities law professor at Harvard Law School proposed the creation of a new independent federal agency to enforce consumer financial protection statutes and regulations and generally to regulate the financial services sector. The professor’s proposal ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller The new Term kicks off at One First Street in Washington, D.C., next Monday morning. Last month, the Update previewed several of the cases on the Supreme Court’s docket, including a collection of three cases presenting the question of ...Read More

An Ounce of Prevention: How to Avoid Lien Extinguishment under Alabama’s Common Interest Community Super-Priority Lien Statute

Board Briefs, Breaking, Industry Reports, Legal, Publications

by R. Aaron Chastain and Christopher K. Friedman In 2014, the Nevada Supreme Court sent shockwaves through the mortgage lending industry when it held that a portion of a homeowners’ association (“HOA”) or condominium owners association’s (“COA”) statutory assessment lien had priority over a ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller For Alabama fans, there’s the third Saturday in October (unfortunately for Tennessee fans, the day is better known as One Especially Depressing Saturday in a Long Line of Depressing Saturdays), and for Supreme Court fans, there’s the first Monday ...Read More

Capital One’s Data Breach and the Legal Fallout

Board Briefs, Breaking, Legal, Publications

by Brian Malcom, Waller Unfortunately, big data breaches are not new. So there is the temptation to shrug one’s shoulders and think, “It’s just another day in modern life.” A data breach at a financial institution, however, demands our attention. In March 2019, Capital ...Read More

Association Health Plan FAQs

HR News, Industry Reports, Legal

Question: Why did the ABA decide to form its own healthcare plan? Answer: For several years, member banks have asked whether the ABA can find a way for banks to come together in a large, viable healthcare plan to help reduce the costs banks are ...Read More

Capital One’s Data Breach and the Legal Fallout

Board Briefs, Breaking, Industry Reports, Legal, Publications

by Brian Malcom, Waller Unfortunately, big data breaches are not new. So there is the temptation to shrug one’s shoulders and think, “It’s just another day in modern life.” A data breach at a financial institution, however, demands our attention. In March 2019, Capital ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Industry Reports, Legal, Publications

by Charles W. Prueter Author’s note: The Court is not currently in session and will not return until October. The Update will begin previewing cases for the October 2019 Term next month. A young man from Chicago by the name of John Paul Stevens ...Read More

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