The Fair Credit Reporting Act (“FCRA”) is a federal law enacted in 1970 to promote the accuracy, fairness, relevancy, and privacy of consumer information in the file of credit reporting agencies. Banks and other financial institutions are an important link in the consumer credit ...Read More

When a prospective borrower approaches a lender and requests financing for any consumer purpose or business operation, the lender must evaluate whether or not the borrower has sufficient capacity to repay the loan. Two options will often come to mind for most lenders. First, ...Read More

The COVID-19 pandemic has caused an unprecedented change to what “business as usual” looks like across America. The banking industry is certainly no exception, and many common questions have arisen regarding what the coming months will look like in the industry. On March 27, ...Read More

When you are forming your business, the choice of entity is always an important decision – will you incorporate, or form a limited liability company? Will you operate as a partnership – general or limited? What you may not know is that if you ...Read More

Last week, four federal agencies ­–– the Board of Governors of the Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency–– along with the Conference of State Bank Supervisors issued a joint ...Read More

When times are good, the farmer-lender relationship usually is positive or perhaps even an afterthought for most farmers.  However, when times are tough, the relationship can quickly become strained, especially when there are misunderstandings about the legal obligations owed under the terms of the ...Read More