Resources

Resources

  • June 19, 2025Finance & Banking

    Perfecting Your Security Interest In A Drone

    As technology evolves, industries are finding new, creative ways to leverage technology to increase efficiency. Unmanned aerial vehicles, otherwise referred to as “drones,” are a perfect example of a technological advancement that has enhanced many industries. One industry in particular that has benefited from the use of drones is the agricultural industry. Farmers are currently...
  • December 18, 2023Finance & Banking

    Best Practices for Mortgage Lenders when Notifying Borrowers of Default

    As interest rates increase, the lending community is expecting an uptick in collection proceedings. As part of the collection process, lenders will need to send default notices to borrowers informing borrowers of the default and how to cure. It is imperative for those default notices to contain the appropriate and necessary information as required by...
  • September 25, 2023Finance & Banking

    Update from Ag Lending Conference regarding CFPB 1071

    During the Ag Lending Conference on September 7th, I reported that an injunction had been entered in Texas preventing the CFPB from enforcing Rule 1071 against the parties to that case. I also mentioned a pending Kentucky case motion requesting the same relief from members of the Kentucky Bankers Association. At that time, I stated...
  • September 6, 2023Finance & Banking

    Update on Texas Bankers Association v. CFPB: Motions to Intervene on 1071 Case Filed by ICBA and CUNA Kentucky Bankers Association Initiates Own Case and Offers Temporary Membership to Banks Not Protected by the Injunction

    Portions reprinted with permission from the Minnesota Bankers Association On July 31, a federal court in Texas issued an injunction preventing the CFPB from enforcing its 1071 rule until the U.S. Supreme Court decides on the constitutionality of the CFPB’s funding structure in a separate case. That ruling is expected in the summer of 2024....
  • August 8, 2023Finance & Banking

    Potential Opportunities in Legalization: Financial Services and Minnesota’s Legalization of Cannabis

    On May 30th, 2023, Governor Tim Walz signed into law a bill legalizing the recreational use of marijuana in the State of Minnesota. The bill is likely to create a new sector in Minnesota’s retail business landscape; however, financial institutions’ opportunities to work with those new businesses may not be as open and carefree as...
  • July 7, 2023Finance & Banking

    Regulations Coming for Overdraft and Other Fees

    The U.S. Consumer Financial Protection Bureau (“CFPB”) publishes an agenda of its planned rulemaking activities twice a year – typically in the Spring and Fall. These agendas provide a brief look at the focuses and priorities of the CFPB for the coming year. The CFPB published its Spring 2023 rulemaking agenda, indicating that it anticipates...
  • February 24, 2023Finance & BankingReorganization & Bankruptcy

    Supreme Court Clarifies Bankruptcy Discharge Rule for Fraudulent Debt; Overturns Eighth Circuit Precedent

    In a case decided Wednesday, February 23, 2023, the U.S. Supreme Court held that a Chapter 7 bankruptcy debtor is precluded from discharging in bankruptcy a debt obtained by fraud, regardless of the debtor’s own personal knowledge of or culpability in the fraud, at least where the fraud was committed by an agent or partner within the...