Publications Archive

Question: John Doe owns 3 different stores. A store clerk of one of the businesses made all the deposits with one teller at one time. All three of the organizations are operated independently of one another: A corp. acct. # 12345 had a cash-in ...Read More

by Aaron Flinn, Waller For banks with significant trust activities or banks that are considering expansion into new markets, recently passed legislation in Tennessee provides significant benefits that are currently only permitted in Tennessee and South Dakota. Specifically, Tennessee law now permits the creation ...Read More

by Paul Leonard One of the more important decisions of the United States Supreme Court in 2018, at least for states, was the Court’s decision in South Dakota v. Wayfair (Wayfair). As widely reported, the Court held in Wayfair that an Internet seller of ...Read More

Question: Is there a regulatory requirement to charge a 7-day early withdrawal penalty on a certificate of deposit (CD)?   Answer: In the first week after a CD is created, there must be an early withdrawal penalty of at least seven days’ simple interest ...Read More

by Whitt Steineker and Laney Gifford Centuries after American colonists were required by law to grow hemp, and decades after it was later outlawed by Congress, one of the nation’s oldest and most versatile crops appears to be having a moment. The Jan. 1 ...Read More

by Rob Nichols For too long, banks with legitimate concerns about unbridled credit union growth have been portrayed as Goliath picking on David. The truth is that in many states, a credit union is one of the largest local financial institutions, outranking most of ...Read More

Question: If someone inherits a house and has plans to demolish it and build another house, what is the HMDA purpose?   Answer: There is no bright-line rule in the regulations or guidance that delineates when a loan like this crosses the line between ...Read More