Monthly Archive:: May 2021

Q: A customer deposited a check into a savings account, the funds from which were made available, and then transferred the funds into a savings account. The savings account receives social security benefits. The check is now being returned. Can the bank exercise the ...Read More

by Michael S. Murphey, Porter White & Company M&A is Back Say what you will about 2020, Alabama’s banking system changed on a dime to meet the needs of our clients and local economies. Think about it. Branches closed, digital services grew, employee and ...Read More

Q: What is the line between relying on the National Automated Clearing House Association (NACHA) warranty and Regulation E requirements in resolving disputes unauthorized transaction disputes? A: Regulation E and NACHA are two requirements that while each govern electronic transactions, run parallel to each ...Read More

The 2021 Regular Session of the Alabama Legislature ended its 30th and final legislative day at 11:59 p.m. on Monday, ending one of the more unusual sessions in recent memory. In typical fashion, the last legislative day was full of high drama in both ...Read More

by Chase Stoecker Title III of the Americans with Disabilities Act (ADA) prohibits discrimination on the basis of disability by places of public accommodation.  It directs businesses to make “reasonable modifications” to standard business practices when serving people with disabilities.  Under Title III of ...Read More

Q: My customer would like to establish a benefit account for a fundraiser they are doing in their community. What type of account should this be and what documentation is needed? A: Generally, benefit or memorial accounts are accounts that will be used in ...Read More