Banking and Finance Law Blogs

Banking and finance legal blog posts, publishing by banking lawyers and law firms with expertise in banking law.

2014 IRS Tax Law Changes To Know About

by Bert Seither January 14, 2014 Banking and Finance Law

By Bert Seither, Director of Operations at Corporate Tax Network About the author: Bert Seither is the Director of Operations at Corporate Tax Network, a national accounting and business development firm. For nearly 10 years, Seither has assisted small business owners to help put their companies on a path to prosperity. A new year is […]

Read the full blawg post →

Credit Training Could Minimise Banks Legal Issues

by timaldiss December 12, 2013 Banking and Finance Law

There are a variety of successful ways to manage credit and reduce problems with loans. Many institutions have concerns, as a result of the current economic problems and uncertainties, regarding the commercial credit associated with loans and credit management. The over emphasis of the potential growth of loan portfolios along with incidences of corporate misconduct […]

Read the full blawg post →

Credit Card Mistakes that can Cause You Problems

by edralyn December 8, 2013 Banking and Finance Law

Whether you’re getting one for the first time or already learning how to manage debt, credit cards can be extremely complicated. If the recession has taught Americans anything, it’s that credit companies, banks, and even department stores are not their friends, and most cards are designed to gouge you for annual fees, interest, late fees, […]

Read the full blawg post →

Debt Collectors Cannot Engage in Conduct that Harasses a Consumer When Attempting to Collect a Debt

by Adam J Krohn November 28, 2013 Banking

The purpose of the Fair Debt Collection Practices Act (FDCPA) is to stop debt collection practices that are abusive and to protect the consumer.  Under the FDCPA, 15 USC Section 1692d, debt collectors cannot engage in conduct that is meant to harass, oppress, or abuse a person when attempting to collect a debt.  More specifically, […]

Read the full blawg post →

Bank condemned in Spain for failing to avoid a fraudulent transfer

by David Lorenzo October 24, 2013 Banking

Bank condemned for failing to avoid a fraudulent transfer given without the permission of their client. The Provincial Court of Palma has sentenced a bank for failing to prevent a transfer that was fraudulently from a customer’s account, from which they were transferred 9,000 euros without the consent of the owner, disapproving they  had not […]

Read the full blawg post →

Defendants Will Pay $1 Million to Settle the First Case Brought by the FTC that Alleges Text Messages Were Used in an Illegal Debt Collection Scheme

by Adam J Krohn October 16, 2013 Banking and Finance Law

In the first Federal Trade Commission (FTC) action against a debt collector who used text messaging in their efforts to collect debts in an unlawful manner, the California based collector will pay $1 million to settle the charges that they violated federal law. It was alleged by the FTC that Archie Donovan and two companies […]

Read the full blawg post →

7 Schemes that Scam the Mortgage Distressed

by terryduschinski September 18, 2013 Banking and Finance Law

On its road to recovery from the tailspin of the Great Recession, the United States housing market has become a playground for schemers and scammers. It is fertile soil for fraud. Mortgage shenanigans proliferate due to whealings and dealings of “industry insiders” — loan officers, mortgage brokers and appraisers — according to the FBI in […]

Read the full blawg post →

Making the Removal of Negative Credit Information from Your Credit Report Part of Your Negotiation with Debt Collectors

by Adam J Krohn August 16, 2013 Banking and Finance Law

Negative information on your credit report can seriously affect you financially.  For example, it can make it difficult to obtain loans.  During negotiations with a collection agency over the payment of a debt, you should consider making the removal of negative credit information on your report part of the negotiations.  If you and the debt […]

Read the full blawg post →

Debt and Money: The Bailiffs are coming

by EdwardHandsandLewis July 24, 2013 Banking

By Frances Jacobs If you owe money, your creditor can  recover their money  from you using different options. Bailiffs are one of those options. Bailiffs can be used to make you pay  a range of debts , including  council tax arrears, business rates arrears, county court orders, high court orders, child support arrears, parking or road traffic offence penalties, criminal case fines, […]

Read the full blawg post →

What Consumers Should Know About Credit Cards

by Adam J Krohn June 13, 2013 Banking

(US law and generally) Credit cards can be very useful if used correctly.  However, if they are not, they can get you into a world of trouble.  On average, an US household holds about $16,000 in credit card debt.  Due to the economy, more and more debt collectors have been retained by these credit card […]

Read the full blawg post →

Can Chapter 13 Bankruptcy Help You Keep Your Home?

by contactus May 9, 2013 Banking and Finance Law

(US Law) If you are considering bankruptcy, you may be worried about losing your home. The good news is that bankruptcy may offer a path to not only paying down your debt, but also keeping your home. The bad news is that if you have missed mortgage payments or have otherwise fallen behind on debts, […]

Read the full blawg post →

Well I declare! Why use a Declaration of Trust.

by EdwardHandsandLewis May 9, 2013 Banking and Finance Law

A Declaration of Trust is an arrangement setting out who shall have the ownership of an asset and be able to benefit from it.  This is important if your assets include land or business interests. A declaration of trust is a binding statement by the legal owner of an asset declaring that he holds the […]

Read the full blawg post →

Thinking about Term Insurance

by Andrew Miller April 12, 2013 Banking and Finance Law

A very reasonable option when seeking the best life insurance policy is 10 year term life insurance. Having a policy that secures your family’s well-being when you are no longer around is a necessary part of any long term financial plan. Regardless of your age, it is crucial to start looking for the best option […]

Read the full blawg post →

Tips to Console an Identity Theft Victim and Help them Avoid it

by Brianna Jones April 1, 2013 Banking and Finance Law

Identity theft is a serious ongoing problem that you should take steps to avoid. Identity thieves can cause problems with your credit history, finances, and personal reputation. You should take all precautions to protect your personal information and avoid identity theft. Specific Types of Identity Theft The Federal Trade Commission (FTC) specifies several unique types […]

Read the full blawg post →

The 15-Year vs. 30-Year Mortgage Debate

by edralyn March 28, 2013 Banking

The 15-Year vs. 30-Year Mortgage Debate Its so hard to have a long term perspective when working with a checkbook balance that is burdened by more goings than comings. In fact, for many home owners maintaining a budget is one of the biggest challenges one can face in the fight for financial freedom. Did you […]

Read the full blawg post →

The Credit Bureaus and Your Rights: Do You Know Them?

by edralyn March 16, 2013 Banking

The Credit Bureaus and Your Rights: Do You Know Them? In today’s economy, everyone is looking for ways to save money. From shopping in bulk to cutting out the extra little expenses, every little bit counts. However, if you are looking for major ways to save money each month, your credit will play a large […]

Read the full blawg post →

Chapter 7 Bankruptcy for Debt Reconstruct

by lawfirm January 18, 2013 Banking and Finance Law

The chapter 7 is popularly known as liquidation bankruptcy. This is a legal process. It can provide you a brand new start by dismissing your debts. This type of insolvency erases almost all the debts. In exchange of erasing debts the trustee sells the nonexempt property. In chapter 7 bankruptcy the trustee dismisses most of […]

Read the full blawg post →

Prevent Bankruptcy From Accumulating Medical Bills

by James Mateta January 6, 2013 Banking and Finance Law

The rising cost of healthcare is making it expensive for regular people to seek out medical services. Even if health insurance has been purchased, many companies will pay for specific services to a certain dollar amount, or about 60 percent of bills, and leave the rest to the patient. Many people may get sick and […]

Read the full blawg post →

Cloud Computing In Financial Sector and Legal System

by Lilly December 15, 2012 Banking and Finance Law

Banks, financial organizations and law firms deal with a highly sensitive data that needs to be secured. Their customers provide them with important information that should never be leaked to anyone. This is one of the fundamental characteristics of the modern banking system. Secured data exchange is vital for the financial sector as money trading […]

Read the full blawg post →

Filing for Chapter 11 Bankruptcy

by JasonAdams December 4, 2012 Banking and Finance Law

(US bankruptcy law) Chapter 11 Bankruptcy is a option for those with debts that exceed the limit of Chapter 13 Bankruptcy, on unsecured debt and secured debt respectively. The common notion is that Chapter 11 Bankruptcy is only available for companies; but it is not the whole truth. In fact, Chapter 11 Bankruptcy is available […]

Read the full blawg post →

Filing for Bankruptcy? You Have Legal Rights!

by RyanD December 3, 2012 Banking and Finance Law

The U.S. Bankruptcy Code provides federal courts with the authority to oversee all bankruptcy cases. To facilitate the process and provide bankruptcy petitioners and creditors with clear guidelines for filing, the Federal Rules of Bankruptcy dictate all the legal rules and contain all official forms. Cases are filed in district courts and overseen by a […]

Read the full blawg post →

Choosing to File for Personal Bankruptcy

by josephperkins November 5, 2012 Banking

(US bankruptcy law) If you are tired of the stress that comes along with being nose-deep in debt, then you may very well be considering the option of filing for personal bankruptcy. Of course, this option is not right for everybody who is experiencing financial problems, but it is a viable solution for many who […]

Read the full blawg post →

Bad debtors have the right to be quiet?

by Lilly November 4, 2012 Banking and Finance Law

In this economy, times are tough for everyone. Job losses, wage cut-backs, work hour reductions, all combined with rising expenses make paying back debt harder than ever. If you find yourself unable to pay your loan, there are some steps you can take to avoid legal action. If you find yourself in a debt bind, […]

Read the full blawg post →

How to check that your credit score is correct

by RyanD November 1, 2012 Banking and Finance Law

Consumers who apply for a new credit card or a loan may discover that they have low credit scores, but this is too late. They must know what their scores are before they apply for new credit because low scores can prevent them from receiving the credit they need. The fact is that their credit […]

Read the full blawg post →

Bankruptcy Counseling

by Ingrid Kinsella September 21, 2012 Banking and Finance Law

Over the last several decades, incurring debt and spending more money than you have has become an unfortunate American tradition. People start off putting items on their credit cards and suddenly, a few years down the line they have spent tens or hundreds of thousands of dollars that they cannot pay back. Add car loans, […]

Read the full blawg post →