Eighteen years after the passage of the USA PATRIOT Act, banks now face a new wave of compliance challenges obscured by a cloud of smoke. It started in Colorado, the first state to decriminalize marijuana at the state level. Of course, marijuana remains, as it has since 1970, on the Federal Schedule I list of controlled substances making it illegal under federal law. Banks were caught in the middle. There were new businesses that needed…
Register today!  Changes are coming to Iowa conservatorship law for financial institutions. To help community bankers understand what’s changing, Dickinson Law and Community Bankers of Iowa (CBI) will be hosting an educational webinar from 10:00 to 11:00 a.m. on Friday, September 27th. Attorney David Gonzales has been following the issue closely and will be discussing how it will affect Iowa financial institutions. Attendees will also have the opportunity to ask questions during the event. Register
Cybersecurity incidents can have a dramatic impact on the lives of individuals. This blog has covered numerous cases of individuals and businesses trying to pick up the pieces after fraudsters are gone with their money. That was true for the King family when they realized they sent $90,000 to fraudsters instead of the bank to pay off a mortgage. This blog has previously discussed the risks to homebuyers of fraudsters infiltrating the closing process and…
Dickinson Law is pleased to announce that Andrea Rastelli has joined the firm. Andrea is a recent Juris Doctor graduate of the University of Iowa College of Law and holds a B.A. in International Relations and Latin American Studies from Lafayette College in Easton, Pennsylvania. Her legal training includes serving as an intern at John Deere Financial and Comcast Corporate, and as an extern at ACT where collectively she gained experience on issues such as…
This blog has covered numerous cases of hackers impersonating parties to commercial transactions, and rerouting funds meant to pay for equipment or services. Fraudsters have impersonated high-level executives to induce accounting employees to transfer funds. Fraudsters impersonated a company’s vendor, and provided fraudulent wiring instructions for the company to send payments. That same kind of fraud led to litigation between a company and its insurance company over whether there was coverage for stolen payments.…
Dickinson Law is pleased to announce that 19 of the firms’ attorneys have been selected for inclusion in the 2020 Edition of The Best Lawyers in America®.  Attorney F. Richard Lyford was also recognized by Best Lawyers® as the Litigation – Real Estate  “Lawyer of the Year” in Des Moines. Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence and is the oldest and…
Many hockey fans, like myself, love the Paul Newman classic Slap Shot. The movie is typically known for either the brutal Hanson brothers or the unorthodox manner the Charlestown Chiefs use to win the championship of the fictional Federal League. One of the central plotlines in the movie, however, isn’t the game of hockey but the business of hockey. Paul Newman searches long and hard to answer the most important question in his world, “Who…
Cybersecurity incidents routinely grab headlines, and for good reason. These incidents often lead to exposure of large volumes of sensitive data, or significant monetary losses. For example, this blog previously discussed how fraudster access to online banking platforms could lead to lawsuits between banks and customers over who is ultimately liable for unauthorized transfers. There is no doubt that the internet has made it easier for fraudsters to target organizations from afar. However, even though…
Ever since the New York Department of Financial Services (“NYDFS”) enacted its cybersecurity regulation for financial institutions and related organizations, other states have started to enact cybersecurity regulations of their own. South Carolina became the latest state to enact a version of the National Association of Insurance Commissioners (“NAIC”) model cybersecurity law, which is based on the NYDFS regulation. The model NAIC law applies to organizations that are required to comply with state insurance laws.…
  The Department of Health and Human Services (“HHS”) has released the “Health Industry Cybersecurity Practices: Managing Threats and Protecting Patients” guide. The publication contains a comprehensive summary of cybersecurity threats for the healthcare industry, and technical details for mitigating those cybersecurity risks. The technical volumes in the publication are particularly helpful because they reference specific sections of the cybersecurity standards published by the National Institute of Standards and Technology (“NIST”). Organizations that are trying…