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Trust Law Modernization in Washington State

Oct 22, 2015

Trust and Estates, Bank Law Monitor

In 2015, two new laws relating to trust administration in Washington State have gone into effect that will make the state a more attractive jurisdiction in which to establish and administer trusts. These new trust laws were the product of the Enterpr...

Hacked

Jun 24, 2015

Cybersecurity, Bank Law Monitor

It Can Happen to You I woke up this morning to a fraud alert from Citibank on my credit card. After going through the Spanish Inquisition to secure my identity, I finally learned what had triggered the alert—a small transaction in Spain. When I att...

Updates and Additions to Washington's Limited Liability Company Act

Jul 21, 2015

By Danielle Hunt, Brenna Dickey

Washington Legislation, Bank Law Monitor

The Washington State Legislature has adopted a major overhaul of Washington’s current Limited Liability Company Act (the “Act”). The updated Act is the result of a multi-year effort by the Washington State Bar Association to make the Act more modern,...

States Are Amending Their Data Breach Laws. Why Should Banks Care?

Jul 28, 2015

Banking Technology, Cybersecurity, Bank Law Monitor

Data security and data breach notifications are—or should be—on everyone’s mind these days. Banks are certainly no exception. And banks, in general, are setting good examples for other businesses because banks’ data security systems and incident-resp...

Don’t Be the Next Blockbuster, Kodak, or Encyclopaedia Britannica

Jan 21, 2015

Banking Technology, Bank Law Monitor

The Changing Face of America While attending a recent presentation at the California Bank Presidents’ Seminar by Brett King, CEO and founder of Movenbank, the world’s first direct mobile-only bank, I was inspired to write another Cyber-Graham. The cr...

Update: The CFPB’s Proposed Arbitration Rule is Officially Dead

Dec 01, 2017

By Kalin G. Bornemann

CFPB, Bank Law Monitor

This is an update to our original post: The CFPB's Proposed Arbitration Rules–Dead or Alive? on June 1, 2017. It is official: The CFPB's arbitration rule is dead. On October 24, the Senate passed its resolution to disapprove the CFPB's rul...