Category Archives: Banking Law

Treasury Report Affects Banking Law

On June 12 2017, days after the House of Representatives passed the Financial CHOICE Act, there was a bill to rescind and supplant a large portion of the saving money changes actualized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Treasury Department discharged its hotly anticipated answer to change the US monetary framework. The report is entitled “A Financial System That Creates Economic Opportunities: Banks and Credit Unions.” Continue reading

Options Before Defaulting on a Government Loan

An SBA loan default is not a small matter. Having an SBA loan default can be financial dread for many small business owners. People who are left in such a slump may be forced to close their business offices. Better yet, they may be forced to sell off all of their business assets. This is only “the tip of the iceberg.” One foolhardy mistake SBA borrowers seem to make is that they will pay back the loan without any plan of action. As silly as it may sound, it is a fairly common occurrence. Continue reading

Procedures for Letters of Credit

In the past decade, the credit card industry has seen its fair share of reform. In particular, notable changes have occurred regarding credit card transactions. Credit card transactions, both domestic and abroad, require payment. What few people know are the procedures behind them. Letters of credit transactions are made directly by the bank. In return, the seller offers their goods and services. Continue reading

Thinking of Restructuring?

With all personal and business growth comes a change in financial situations. The stress often caused by money worries causes many people and business ventures to lean toward going bankrupt. Often people think this is there only option. Many people wait until last minute before seeking the advice of an attorney. Continue reading

Prejudgment Attachment Order in Banking Law

Oftentimes, lawsuits can take many months, if not years, to resolve. In that time span between when suit is brought and judgment is entered, a defendant may try to put his or her assets beyond the reach of the plaintiff and the court. It becomes impossible to satisfy the claim and the judgment becomes worthless. Continue reading

Understanding Endorsement in Banking Law

There are different meanings derived from endorsement. However, it is the act of the payee or owner signing his/her name on the back of the bill of exchange, check or other negotiable instruments to make it cashable/payable to another by anyone in the law of negotiable instruments such as securities and checks. Continue reading

How Banks Can Minimize Litigation Exposure

Because of the nature of the banking industry, there is always the potential for banks to face litigation. Lawsuits can bring a host of repercussions that harm a bank’s viability and growth. Therefore, banks need to implement an array of strategies to minimize and mitigate the risks of a lawsuit. Likewise, financial institutions should develop systems to eliminate potential liability before it becomes an issue. Continue reading

Secured or Unsecured – Which loan is right for you?

A secured loan is made secure by the borrower pledging a specified item of value, to ensure repayment of the debt to the lender. In the event the borrower does not honor the loan agreement, the lender can take possession or force the sale of property used as collateral to repay the debt. If the collateral does not equal the amount of the loan, he has the right to pursue a judgment for the balance owed. Continue reading

What Services Do We Offer in Banking Law

These days, many businesses find themselves in need of a Palm Springs banking practice law firm. If this is the case for your organization, our professionals can help you. With extensive industry experience and a passion for operating in excellence and expedience, our representatives are effective in helping clients attain the results they want.

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An Overview of Modern Banking Law

Financial institutions are under constant scrutiny. Not only do banks and other finance-related businesses have to deal with customer complaints, but also matters related to government regulation often arise and complicate the bank’s daily operations. Continue reading

How to Navigate the Complicated Area of Banking and Business Law

Banking and business law and regulation can be a complicated area to navigate that requires a qualified and experienced Palm Springs banking practice law firm to ensure success in contentious, insolvency and regulatory matters. The international nature of business in the 21st century means our experience working with the US Securities Exchange Commission are an important factor in ensuring our clients comply with all regulations and laws. Continue reading

What to Look for in an Experienced Banking Practice Law Firm for Success in Your Case

Banking and business law and regulation can be a complicated area to navigate that requires a qualified and experienced Palm Springs banking practice law firm to ensure success in contentious, insolvency and regulatory matters. The international nature of business in the 21st century means our experience working with the UK Financial Services Authority and the US Securities Exchange Commission are an important factor in ensuring our clients comply with all regulations and laws at an international level. Continue reading

Coachella Valley Mediation Attorneys Share: How to Prevent Lender Liability Claims

Lender Liability is a term used to describe the obligation a lender has to treat a borrower fairly. Borrowers often initiate a lender liability claim if they believe they have been damaged by a lender’s actions, or as a negotiating tactic to improve the chances of the lender accepting a reduced payoff. In almost all cases, a lender liability claim is used to weaken the negotiating position of the lender with the borrower. Borrowers that have financial trouble also use lender liability claims to counteract anticipated foreclosures or collections. Usually a borrower will base their lender liability claim on some perceived negligent action taken by the lender that harmed them or their business in some way. A breach of contract, not dealing in good faith, and a failure in fiduciary duties are also used. Continue reading

Palm Springs Banking Practice Law Firm Shares the Guide to Understanding Construction Loans

How Construction Loans are Made

Construction loans are subsided in increments to supplement the progress made on the development’s construction. Since construction loans are short-term loans, they must be paid in full in accordance to the loan period that is soon after the construction is completed. Construction loans can consist of a period of time ranging from 12 months to 24 months. Continue reading