The banking industry continues to be buffeted by change. The current regulatory environment presents opportunities. However, new challenges are on the horizon in the form of new competitors and disruptive technologies. Banks are resilient and have weathered disruption in the
Iowa Banking Law Blog
The Iowa Banking Law Blog, published by Dickinson, Mackaman, Tyler & Hagen, P.C., focuses on legal issues affecting banks and financial institutions in Iowa. It covers topics such as banking regulatory compliance, credit agreements, payment fraud, lender liability, mergers and acquisitions in the banking sector, and the impact of emerging technologies on banking law. The blog also discusses recent court decisions relevant to banking, federal regulatory developments, and practical guidance for banks navigating changes in the financial services industry. It serves as a resource for legal professionals and banking industry stakeholders seeking updates and analysis on Iowa banking law and related regulatory matters.
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Congress Tries Again to Repeal Section 1071
Congress is once again considering repealing Section 1071 of the Dodd-Frank Act. On February 4 Congressman Roger Williams introduced legislation to repeal Section 1071. A similar proposal is expected in the Senate.
Banks are familiar with Section 1071, which…
Who Gets the Money from a Joint Account?
Joint accounts provide flexibility to accountholders and ease administration for financial institutions by allowing husbands and wives, parents and children, and business partners to quickly access funds. Joint accounts allow parties to bypass obtaining powers of attorney and are easy…
FDIC Signals Changes to Regulatory Approach
Even before the next administration is sworn in, FDIC Vice Chairman Travis Hill is already signaling that changes are coming to the FDIC’s approach to regulating banks. The text of Vice Chair Hill’s speech is worth reading in its entirety,…
Combatting Check Fraud
Over the last several months, banks all across Iowa have dealt with an increasing volume of fraudulent checks. The typical situation involves fraudsters intercepting a business customer’s check to a vendor. The fraudster then either (1) creates a counterfeit check,…
2024 Banking Law Seminar Agenda Announced
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the…
Register for the 2024 Banking Law Seminar
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the…
A First Look Into Your Financial Institution’s Access to Beneficial Ownership Information
FinCEN has released an initial Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements. Although the Guide is not very detailed at this point, here is what your small financial institution should know as of now.
On…
Blog Series: What Should Your Bank Know About the CTA?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. Over the last several weeks, Dickinson Law has covered some of the…
Blog Series: What is the Penalty for Noncompliance with the Corporate Transparency Act?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of…