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Washington’s New Statutory Wage Lien: How Wage Liens Impact Secured Creditors’ Rights

Nov 01, 2021

By Garrett S. Ledgerwood, Susan Eberle Stahlfeld

Bank Law Monitor, Washington Legislation

To read all five installments of this wage lien series, click here. Washington’s recently enacted Washington Wage Recovery Act, SB 5355 (the “Act”), creates a new statutory lien for employees’ unpaid wage claims against their employers. The Act has...

New Reporting Requirements for Deposit Interest Paid to Residents of Chile

Oct 04, 2021

Bank Law Monitor, Regulatory Developments, Tax

On September 28, 2021, the IRS released an advance version of Revenue Procedure 2021-32, updating previous guidance with respect to information reporting requirements applicable to residents of certain countries. Under previous guidance, the United S...

Washington’s New Statutory Wage Lien: How Wage Liens Are Extinguished, Released, and Contested

Sep 30, 2021

By Susan Eberle Stahlfeld

Bank Law Monitor, Washington Legislation

To read all five installments of this wage lien series, click here. Washington’s recently enacted Washington Wage Recovery Act, SB 5355 (the “Act”) creates a new statutory lien for employees’ unpaid wage claims against their employers. The Act has s...

Washington’s New Statutory Wage Lien: How Wage Liens Are Established and Foreclosed

Sep 09, 2021

By Susan Eberle Stahlfeld

Bank Law Monitor, Washington Legislation

To read all five installments of this wage lien series, click here. Washington’s recently enacted legislation, the Washington Wage Recovery Act, SB 5355 (the “Act”), creates a new statutory lien for employees’ unpaid wage claims against their employ...

Regulators Offer Guidance for Community Banks on Fintech Relationships

Sep 01, 2021

By Justin Hebenstreit, Kalin G. Bornemann

Bank Law Monitor, Banking, Banking Technology

In today’s competitive banking landscape, many community banks have embraced the benefits of partnering with a variety of financial technology companies (“fintechs”). In recent years, a variety of fintechs have emerged and introduced valuable experti...

Washington’s New Statutory Wage Lien: Who and What Property is Impacted

Aug 20, 2021

By Susan Eberle Stahlfeld

Bank Law Monitor, Washington Legislation

To read all five installments of this wage lien series, click here. On April 16, 2021, the Washington Wage Recovery Act, SB 5355 (the “Act”) was signed into law. The Act has significant implications for employees, employers, and secured lenders. In...