Even before the next administration is sworn in, FDIC Vice Chairman Travis Hill is already signaling that changes are coming to the FDIC’s approach to regulating banks. The text of Vice Chair Hill’s speech is worth reading in its entirety, but there are several key takeaways:
Form over Substance
Many bankers have been frustrated during…
Over the last several months, banks all across Iowa have dealt with an increasing volume of fraudulent checks. The typical situation involves fraudsters intercepting a business customer’s check to a vendor. The fraudster then either (1) creates a counterfeit check, (2) alters the check’s payee, or (3) fraudulently endorses the check. The fraudster then deposits…
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the one constant in the banking industry. Most customers do their banking online, their valuables are…
On June 3, 2024, the Des Moines Register published an article that explained some brewers of consumable hemp products believe draft proposed administrative rules written by the Department of Health and Human Services (“DHS”) misinterpret Iowa’s new hemp law. This blog briefly explains Iowa’s new hemp law, the rulemaking process, and options for brewers who…
Dickinson, Bradshaw, Fowler & Hagen, P.C. has been ranked as one of the top firms in Iowa by Chambers USA in its annual survey, America’s Leading Lawyers for Business 2024.
Chambers identifies, ranks and differentiates the best legal talent globally using an independent research method that is unmatched in accuracy, depth and quality.
The following…
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the one constant in the banking industry. Most customers do their banking online, their valuables are…
On April 23, the Federal Trade Commission (“FTC”) announced the text of its final rule that will ban most uses of non-compete agreements. Non-competes are agreements between an employer and individual that prevent the individual from taking employment in a similar industry within a certain geographic range for a defined period. The FTC rule aims…
FinCEN has released an initial Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements. Although the Guide is not very detailed at this point, here is what your small financial institution should know as of now.
On December 22, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued…
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. Over the last several weeks, Dickinson Law has covered some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities need…
Dickinson, Mackaman, Tyler & Hagen P.C. is pleased to announce that Brennan Eddie has joined the firm as an Associate Attorney.
“The attorneys and staff at Dickinson have been so welcoming,” Brennan said. “I look forward to building my practice at the firm over the next several years.”
At Dickinson, Brennan’s practice is focused on…