Category Archives: Banking and Finance law

Banking and Finance Law news articles, reiews, notes and blog examples.

Consumer Cannot Challenge Credit Card Agreement Under Consumer Legal Remedies Act

Question: May a consumer challenge a credit card agreement as "unconscionable" under the Consumer Legal Remedies Act? Answer: No, according to the Fourth District court of appeal in Ball v. FleetBoston Financial Corporation (G038894), decided June 5, 2008. There, a … Continue reading

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OCIE head highlights key compliance considerations, potential internal controls enhancements

By Amy Leisinger, J.D. In recent remarks, the SEC’s Office of Compliance Inspections and Examinations Director Peter Driscoll urged chief compliance officers and firms on the whole to remain vigilant in their efforts to protect investors. According to the director, … Continue reading

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UK regulation after Brexit

Introduction On 16 May 2019, the PRA published a speech given by its CEO, Sam Woods. In his speech Mr Woods discusses what the UK system of financial regulation might look like after the UK leaves the EU. Stringency Mr … Continue reading

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Net credit to private sector grows by over Rs 266 billion: SBP governor lauds role of banking sector

KARACHI (May 05 2007): Governor, State Bank of Pakistan, Dr Shamshad Akhtar appreciated the role of banking sector and expressed satisfaction over the growth in credit disbursement to private sector during July-April FY07 where net credit to private sector grew … Continue reading

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UCC vs. Common Law in Texas: Cadence Bank v. Elizondo (Tex.App. 2019) Houston COA panel splits in dispute between attorney and bank over charge-back for a fraudulent settlement check

THE CASE OF THE SCAMMED ATTORNEY: WHO SHOULD BEAR THE RISK AND LOSS – BANK OR BANK CUSTOMER? Houston court of appeals panel splits on bank's overdraft claim against attorney resulting from chargeback applied to IOLTA account when counterfeit settlement check was … Continue reading

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