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 reporting chain, and in a variety of circumstances, they are subject...

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, the lender may require more than one individual or entity to...

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, 2020, Gislason & Hunter held a free webinar to offer insight...

In this issue: Fair Credit Reporting Act Compliance Questions and Answers: Navigating the Legal Issues You Face from the COVID-19 Pandemic Differences Between Note Co-Makers and Guarantors Read Full Newsletter

(April 8, 2020) – Gislason & Hunter LLP continues to work remote and be fully operational after the announcement from Minnesota Governor Tim Walz where he extended the stay-at-home order until May 4. The initial stay-at-home order was scheduled to last through April 10. The order limits activity for all those not engaged in “Critical...

While the COVID-19 virus continues to force us all to stay at least 6-feet apart, telemedicine is helping to bring patients and health care providers together. The practice of using technology to deliver medical care and treatment is an already growing industry and is now more necessary than ever during the current nationwide public health...

While the COVID-19 health emergency expands across the country and into our region, we are reaching out to our clients to be sure we are receptive to and meeting their various legal needs. The attorneys in our Business and Corporate practice group are ready to provide you with the assistance and guidance you need to...