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…
Living Trust FAQA living trust, also known as a revocable trust, revocable living trust, or inter vivos trust, is an alternative way to own property during your life and transfer property at your death. Living trusts have been in use for many years. You can create a living trust during your lifetime by signing a…
If you were luck to live until January 1, 2025, and you were worried about your beneficiaries having to pay Iowa inheritance tax when your estate is passed on to them, your worries are now over. The Iowa inheritance tax is fully repealed as of today!However, as a couple of remainders:If you died in 2024,…
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…
I’ll be the first to admit it: sometimes we breeze over the discussion of Advanced Directives and Living Wills discussion during estate plan consultations. And I’m pretty sure that a lot of clients don’t really grasp the depths of these critical documents. Here’s a pretty good guide and discussion of the issues and documents that…