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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Regulator Advises Banks on PC Banking
On August 24, 1998 the Office of the Comptroller of the Currency ("OCC") advised banks on ways to identify and control risks arising out of banks' use of personal computer ("PC") banking. The Bulletin also laid out the OCC's expectations of bank ...
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Purchase Money Security Interest
Color Leasing 3, L.C. v. Federal Deposit Insurance Corporation, 975 F. Supp. 177 (D.R.I. 6/30/97). PURCHASE MONEY SECURITY INTEREST - As we have noted many times, it is crucial that the secured party providing purchase money security financing for ...
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On-Line Brokerage: Keeping Apace of Cyberspace: Summary
After a series of on-line investing roundtables conducted earlier this year, Securities and Exchange Commissioner Laura S. Unger on November 22 released a report summarizing the findings of the roundtable participants and recommendations for ongoing ...
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National Credit Union Administration Opinion Letter
Erik M. Shaw, VP of Lending Texaco PAW Employees FCU 4401 Highway 73 P.O. Box 3903 Port Arthur, Texas 77643-3903 Re: Lending to a Church, Your letter dated November 2, 1998.Dear Mr. Shaw: You ask whether a federal credit union (FCU) can make a loan ...
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National Credit Union Administration Allows Expanded Field of Membership for Federal Credit Unions
The National Credit Union Administration released new field of membership rules for federal credit unions. The new rules expand what constitutes an occupational common bond and a community. Under the new regulations, for single common bond credit ...
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Michigan Regulator Issues Position Statements On Prepayment Penalties And ‘Rights Of First Refusal’
In Mortgage Bulletin 1998-1 dated November 16, 1998, the Financial Institutions Bureau of the Michigan Department of Consumer & Industry Services (the "FIB") stated its position with respect to whether federal law preempted MCLA §438.31c(2)(c). That ...
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Looking for the Best Mortgage: Shop, Compare, Negotiate
Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage--whether it.s a home purchase, a refinancing, or a home equity loan--is a product, just like a car, so the price and terms may be negotiable. You.ll ...
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Loan Workouts
Small business borrowers with troubled loans are in a unique position today. In the 1980s and early 1990s, lenders were quick to foreclose on non-performing loans. Now, after years of multi-million-dollar verdicts against them for "lender ...
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Job Applicant Must Consent For Use Of Credit Checks
As of September 30, 1997, changes in the Fair Credit Reporting Act require employers to obtain an applicant's or employee's written consent before checking his or her credit history. The new law applies to all employment decisions, including hiring ...
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Yours and Your Broker’s Responsibilities
In most states, when a securities broker "hangs out his shingle" he undertakes a fiduciary duty to his customers. In all states, he represents that he will deal fairly and in accordance with the standards of his profession. 1. A broker has an ...
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