While at your place of business, you receive an email from a trusted source with an established vendor, notifying you that the vendor’s bank account information has changed. Do you note the change in ...
BROOKLYN, N.Y. (CN) - The unprecedented civil trial of Arab Bank ended Monday with a federal jury holding it liable for 24 Hamas-sponsored suicide attacks in Israel. Never before has a financial ...
We discuss two recent federal court opinions addressing two issues of increasing frequency and importance: (i) the potential civil liability of financial institutions to non-customers and other ...
Ramp reports that separating business and personal bank accounts is crucial to avoid legal, tax, and credibility risks for ...
Sometimes in banking, you are your brother's keeper. But in the case of ICB Financial, it seems more like the keeper of a distant relative. ICB said late last month that it paid the Federal Deposit ...
Michael Barr is the Roy F. and Jean Humphrey Proffitt Professor of Law at the University of Michigan Law School. He filed an amicus brief for financial regulation scholars and former government ...
If a bank employee allows money to be fraudulently taken from a customer, who is responsible – the bank or the employee? That’s the question asked by Cyrus Hekmat, an L.A. entrepreneur, who claims ...
WASHINGTON - Bank of America cannot be held liable for environmental damage caused by a Georgia chemical company though it was a trustee for one of its owners, a federal judge ruled Monday. Duross ...
A federal appeals court in California ruled Wednesday that Credit One Bank, N.A. can't dodge liability under the Telephone Consumer Protection Act for making automated calls to an 11-year-old's ...
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