Posted on November 5, 2018 by Emilu E.C. Larson
Blog
The OCC, the Board of Governors of the Federal Reserve System, and the FDIC published an interagency interim final rule effective August 29, 2018. The interim final rule amends the regulations governing eligibility for an 18-month on-site examination cycle. Under the interim final rule, qualifying depository institutions with less than $3 billion in total assets […]
Posted on March 23, 2017 by Ruder Ware Alumni
Blog
According to the U.S. Health and Human Services Office for Civil Rights (OCR), dental practices are not required to have a business associate agreement with their dental laboratory before sharing protected health information. The HIPAA Privacy Rule applies to covered entities (including dental practices) and their business associates. As you know, for the past few […]
Posted on January 24, 2017 by Ruder Ware Alumni
Blog
Last week, Steven Mnuchin, President Donald Trump’s nominee to run the Treasury Department faced a nearly six-hour grilling by Senate Finance Committee Republicans and Democrats, alike. The former Goldman Sachs executive was pressed on a variety of policy and personal issues including his past connections to a California bank seen by some as an unmerciful […]
Posted on December 28, 2016 by Ruder Ware Alumni
Blog
Earlier this month, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued final interagency rules which will reduce regulatory compliance costs for over 600 banks and savings associations. Section 10(d) of the Federal Deposit Insurance Act (FDI Act) generally requires the […]
Posted on November 2, 2016 by Ruder Ware Alumni
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Shortly before Congress recessed for the November election, the House of Representatives overwhelmingly passed Rep. Adam Kinzinger’s (R-IL) resolution urging the United States to “adopt a national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.” The Resolution (H.Res. 835), without specifically referencing it […]
Posted on November 2, 2016 by Ruder Ware Alumni
Blog
On October 20, 2016, the FDIC released a report on the use of the traditional banking system in the United States. According to the report, in 2015, less than 4 percent of Wisconsin households were “unbanked” while nationally the average fell to 7 percent, the lowest percentage on record. An “unbanked” household is one that […]
Posted on November 2, 2016 by Christopher M. Seelen
Blog
Have you made a business or agricultural loan to an individual in Wisconsin? Have you secured that loan with a non-purchase money, non-possessory lien on personal property that the debtor uses in his business? If you answered “yes” to both questions, then you should be aware (or at least reminded) that your debtor can avoid […]