Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

April 2, 2013 – 1,341 views
Banker Resource
A bank is a financial organization that holds deposits in the form of savings accounts and uses these deposits to channel out loans for customers in need of money. In the mean time, it makes profit from the interest on the loan. Quite clearly, it is not advisable for the bank to make it difficult for the customer to pay back the loan. Therefore banks offer modification to their client’s loan agreement to make paybacks more convenient... Full Story 
March 29, 2013 – 1,321 views
Banker Resource
The new federal rules put forward by the Federal Reserve Board, along with 5 other government agencies, deals with the lending and borrowing of high priced mortgages. The other agencies which have worked along with the Federal Reserve Board to put forward the rules are the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Federal National Deposit Insurance Corporation, the Office of the Controller of Currency, and the National Credit Union Administration. The rule features amendments to the Truth to Lending Act (TILA) of 2010, which is enacted as a part of the Dodd Frank Wall Street Reforms and Consumer Protection Act... Full Story 
March 20, 2013 – 1,353 views
Banker Resource
Bankruptcy is a legal condition which arises when one is not able to pay back the debt that he/she owes to the creditors. To deal with the bankruptcy cases, the United States Congress enacted the Bankruptcy code, which is a federal law that concerns the legislation of all cases dealing with bankruptcy. The code which was first enacted in 1978 has been subjected to many amendments several times since then... Full Story 
March 18, 2013 – 1,413 views
Michael R. King - Gammage & Burnham
How long will people fight over the Anna Nicole Smith Estate's claims against the fortune of that Texas billionaire?... Full Story 
March 15, 2013 – 1,327 views
Banker Resource
The intellectual property (IP) law mainly aims to protect the rights of original creative work. This law is also meant for avoiding confusion among consumers regarding the ownership and right over IP. This generally includes patents, copyrights, mask works, patent applications, and trade secrets. These rights are usually dependent on contractual licenses. But your IP rights can be seriously affected, if there is an instance of bankruptcy filing by one of the parties who is involved in the contract. Bankruptcy is a legal state in which a whole organization or a single person is not able to pay back the debts that it owes to its creditors. The bankruptcy filing can affect the non-debtor in a significant way, if the debtor is a licensor or a licensee... Full Story 
March 12, 2013 – 1,411 views
Michael R. King - Gammage & Burnham
The United States Supreme Court plunges into important matters, such as health-care reform, immigration, and voting rights. The highest court in the land also dove into a case involving a maritime lien of $3,039.88 for dockage fees!... Full Story 
March 6, 2013 – 1,630 views
Michael R. King - Gammage & Burnham
If you manage people who might cause crimes affecting the federal government, watch out! Three corporate officers of the company that developed and marketed OxyContin were ordered to give up compensation received from the company totaling about $34.5 million! They were sentenced to 400 hours of community service and fined $5,000. They were put on probation for three years. To rub salt in the wounds, the Department of Health and Human Services decided to exclude the individuals from participation in federal healthcare programs for 20 years!... Full Story 
March 1, 2013 – 4,578 views
Michael King - Gammage & Burnham
Question: Doesn't the bank have to pay me if I present this old certificate of deposit that I found in a safe deposit box? Full Story