Category Archives: Blog

The FDIC issued FIL-3-2012 on January 31, 2012 (“FIL-Payment Processing”), which offered additional guidance to those financial institutions with payment processor relationships.  The payment processor is a deposit customer of the financial institution and uses its relationship to process payments … Continue reading →

Recently we have seen an increase of the purchase of a tenant-in-common interest in real estate in certain parts of the country.  These purchases are made by individuals who intend to live on the premises and appear like the purchase … Continue reading →

In an important decision relating to asset protection for single-member limited liability companies, the Florida Supreme Court reviewed a statute that permitted debtors to use a wholly owned limited liability company (LLC) to put their assets beyond the reach of judgment creditors. Continue reading →

In the case In re Zais Investment Grade Ltd., a senior noteholder of a collateralized debt obligation placed the CDO issuer in an involuntary chapter 11 bankruptcy in order to advance an asset management plan that would otherwise require supermajority approval of all noteholders under the related indenture. Continue reading →

Dodd-Frank Wall Street Reform and Consumer Protection Act will change the liability exposure of intermediaries in the sale of securities. Continue reading →

To my clients and colleagues:  We wanted to give you the link to my upcoming presentation in case you and a member of your firm or company would like to register.   Here is a link to the seminar webpage: … Continue reading →

We have started to circulate a newsletter and I will be giving a National Business Institutes Seminar on “Buy-Sell Agreements”, on November 19, 2011.  Let us know if you would like a copy of our newsletter or the handout materials … Continue reading →

Federal agencies are beginning to review banks’ relationships with third-party payment processors. Regulators have scrutinized certain payment processors because the processor/merchant relationships make it difficult for consumers to identify the merchant because the bank statement shows the payment processor’s name and not the merchant’s name. Continue reading →

The Credit Card Accountability Responsibility and Disclosure Act of 2009 (“CARD Act”) prohibits unfair credit card rate increases, bans certain fees, requires plain language disclosures, and creates additional protections for students. The law also addresses concerns about fees and expiration dates related to gift cards. Continue reading →

California Supreme Court ruled that a customer’s ZIP code constitutes “personal identification information” and that requesting and recording the customer’s ZIP code during the course of certain credit card transactions is a violation of California Civil Code §1747.08. Continue reading →