Bank Law Monitor
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Coping with the CAMELS
Introduction
In connection with a presentation I was asked to make by the Federal Home Loan Bank to some of its member banks, I crafted this article on “Coping with the CAMELS.” As you know, this is an acronym for the six ratings in commercial bank e...
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Trust Law Modernization in Washington State
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...
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Hacked
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...
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Updates and Additions to Washington's Limited Liability Company Act
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,...
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States Are Amending Their Data Breach Laws. Why Should Banks Care?
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...
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Don’t Be the Next Blockbuster, Kodak, or Encyclopaedia Britannica
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...
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