Other Finance
This is FindLaw’s collection of Finance articles that do not fit neatly into a single category, part of the Finance section of the Corporate Counsel Center. Here you will find important information regarding everything from legal insurance plans, lender liability and even an update summarizing the key provisions of the Gramm-Leach-Bliley Act as it relates to Banking Industry. If you are interested in how to shop for the best mortgage, we’ve got that, too. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Finance
Other Finance Articles
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Revised Article 9 of the UCC: Deposit Accounts
General Except for a few states that have enacted nonuniform amendments to their respective versions of the UCC,1 Article 9 as currently in effect ("Current Article 9") excludes security interests in "deposit accounts," i.e., time, savings or ...
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Financial Services Alert Developments of Note
The SEC issued its long awaited revised regulation to implement the "push-out" exemptions for banks from broker-dealer ("BD") registration provided by the Gramm-Leach-Bliley Act of 1999 ("GLBA"). The regulation, contained in a new proposed ...
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FAQ: Outgoing Investment
Are there any prohibitions or restrictions imposed by the U.S. government against U.S. persons making investments outside the U.S.? How does the Internal Revenue Code define the term "foreign"? How does the Internal Revenue Code define the term ...
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Collecting Commercial Accounts Receivable: Obtaining A Personal Guarantee Of Payment
In the first article in this series, I discussed the necessity of a well drafted written Credit Application and Agreement to increase the probability of collection in the event of a default in payment terms. In that article, I recommended that you ...
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2010 Amendments to UCC Article 9 Became Effective on July 1, 2013
Corporate counsel are well aware that virtually all business financing involving the extension of credit against inventory, equipment, accounts, chattel paper, documents of title, or other forms of personal property comes within the scope of Uniform ...
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Legal Insurance Plans
Although not new, legal insurance plans are gaining acceptance at an ever increasing rate. Legal insurance plans most closely resemble medical HMO's or PPO's which have already become common, affordable and cost effective means of obtaining health ...
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SBICs After Gramm-Leach-Bliley
Banks and thrifts (and their holding companies) have long found Small Business Investment Companies (SBICs) to be an attractive vehicle to engage in venture capital activities that might otherwise be prohibited. While the Gramm-Leach-Bliley Act ...
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Is Your Inventory Lien Enforceable?
Inventory lenders beware. A 1994 amendment to the Bankruptcy Code may turn the priority scheme on its head. Section 546(h) of the Bankruptcy Code permits a debtor to return goods which were shipped pre-petition by a supplier to a debtor in exchange ...
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RESPA: Section 8: The Confusion Continues
We have recently received several questions regarding interpretation of Section 8 of the Real Estate Settlement Procedures Act ("RESPA"). In addition, the FDIC has issued a new Financial Institution Letter ("FIL"), "Practices Which May Result in ...
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Removal of Three Section 20 Firewalls Enhances Opportunities for One-stop Shopping in the Financial Services Industry
On August 22, 1997 the Board of Governors of the Federal Reserve System (the "Board") announced final regulations (effective October 31, 1997) which, among other things, remove three "prudential limits" (often referred to as "firewalls") which have ...
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