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.

October 25, 2010 – 2,037 views
Sam Miller
Banking KPI's include certain metrics that are quantifiable and specific. They can be categorized to six classifications, such as income metrics, cost metrics, company asset metrics, investment metrics, interest margin metrics, and risk metrics. Full Story 
October 18, 2010 – 1,476 views
James Witherspoon
When a person wants to set up a trust that benefits a person who, without additional help, may not be physically or mentally capable of handling the funds under their possession, the law provides several options to plausibly allow for these transfers of property. Known as a special needs trust or, namely in American law, a supplemental needs trust, certain legal structures permit special types of trusts to give money or property to mentally or physically disabled individuals without interrupting their Medicaid support. Full Story 
June 25, 2010 – 1,207 views
Nancy Sasser - LeClair Ryan
The extension of the COBRA health insurance subsidy, signed into law by President Obama on December 21st after an 88-10 vote by the Senate, will provide additional relief for a record number of unemployed workers. Full Story 
June 22, 2010 – 1,478 views
Todd Solomon - McDermott Will & Emery
The IRS has recently issued several pieces of guidance related to the filing of the Report of Foreign Bank and Financial Accounts, IRS Form TD F 90-22.1 (“FBAR”), by pension plan sponsors. While the IRS has relieved some of the filing obligations, most notably the requirement for plans to file for foreign hedge fund investments for 2009 and prior years, certain filing obligations remain.  Full Story 
June 11, 2010 – 1,230 views
James Orr and Benjamin C. Morgan - Sutherland Asbill & Brennan LLP
Three recent federal court decisions sharply divide on whether large carbon emitters may be sued under common law theories of nuisance and negligence.Connecticut v. American Electric Power CompanyNative Village of Kivalina v. ExxonMobilComer v. Murphy Oil USA  Full Story 
June 11, 2010 – 1,219 views
Alisa Chestler - Baker Donelson
This year has brought about historic and dramatic changes in federal law governing the privacy and security of health care information in the United States. The February 2009 enactment of the Health Information Technology for Economic and Clinical Health (HITECH) Act, which was part of the American Recovery and Reinvestment Act of 2009 (ARRA), created federal notification requirements for security breaches of protected health information (PHI) and added numerous provisions and amendments to the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and its implementing privacy and security regulations. Full Story 
June 11, 2010 – 1,205 views
Jeffrey Margolis and Barry D. Lapides - Duane Morris LLP
The U.S. Department of Housing and Urban Development (HUD) recently issued new rules that modify the Real Estate Settlement Procedures Act (RESPA). RESPA is a consumer-protection statute that was enacted to (1) help consumers become better shoppers for settlement services and (2) eliminate kickbacks and referral fees that unnecessarily increase the costs of certain settlement services. Loans secured with a mortgage placed on a one-to-four-family residential property are governed by RESPA. These loans include most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit. HUD's Office of RESPA and Interstate Land Sales is responsible for enforcing RESPA. Full Story 
June 11, 2010 – 1,262 views
Elizabeth Nedrow - Holland & Hart LLP
A recent decision by the Ninth U.S. Circuit Court of Appeals may make it harder for insurance companies in some states to defend claims denials. Standard Insurance Company v. Morrison, a case decided by the court on October 27, 2009, established its place in claims denial case history by addressing the standard of review in Employee Retirement Income Security Act (ERISA) cases. Full Story