Bank Law Monitor
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Scam Likely: Check Yourself Before You (Financially) Wreck Yourself
Welcome back to the fourth installment of our “Scam Likely” series. Today, we turn to an old-school scam that has made a huge comeback: mail theft and check fraud.
The Set Up
You have a business client that is still using paper checks. When the time...
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Scam Likely: Better Call Vendor
Welcome to the third installment of our “Scam Likely” series. In our prior posts, we examined bank impersonation scams and romance scams; here, we turn to a threat that hits even closer to home: invoice fraud.
The Set Up
Your accounting department ju...
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Scam Likely: (S)he’s Just Not That Into You
Welcome to the second installment of our “Scam Likely” series where we blow the lid off recent scams, frauds, and other financial crimes. In our first post, we examined the growing threat of bank impersonation scams and the staggering financial losse...
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Thinking About Electing the CBLR? One Size Does Not Fit All
Now that the dust has settled on the revisions to the Community Bank Leverage Ratio (“CBLR”) framework, the focus is shifting from understanding what has changed to deciding whether the revised framework is worth electing. The CBLR framework allows q...
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Scam Likely: The Call Is Coming from Inside the Bank — Or Is It?
Welcome to the first installment of our “Scam Likely” series where we blow the lid off recent scams, frauds, and other financial crimes. People in the U.S. are losing an estimated $119 billion to scams every year. On top of that, for many banks, th...
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Oh HEL(OC) no: Washington Supreme Court Curtails Non-Judicial Foreclosures of HELOCs
Washington lenders have long relied on non-judicial trustee sales as the primary (and less expensive) mechanism for resolving defaulted home loans. For decades, courts and lenders considered home equity lines of credit (HELOCs) secured by deeds of tr...
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