The Bank Watch report from the Woods Rogers Financial Services Practice Group is a quarterly review of regulatory and technology news affecting the financial services industry.
In this issue:
DOWNLOAD OUR PDF: Bankwatch – Woods Rogers Quarterly Update on Legal Issues in Banking
On October 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued guidance stating “surprise overdraft fees” and “returned deposited item fees” generally violate the federal Consumer Financial...
Read more
Financial exploitation affects at least 10% of the elderly population in the U.S. and is a growing problem according to the U.S. Treasury’s Financial Crimes Enforcement Network....
Read more
The federal banking agencies recently issued a final regulation that will require a bank to notify its primary federal regulator of a cyberattack, or computer-security incident, no...
Read more
Banks are reminded that child tax credit payments made by direct deposit are exempt from creditor process. In particular, the Virginia law (Code §34-28.3) provides an exemption...
Read more
Thank you for your interest in Woods Rogers. This web site provides general information about the firm and is not intended to be legal advice. Please note that contacting Woods Rogers by e-mail or otherwise does not establish an attorney-client relationship between us. An attorney-client relationship is established only after we have cleared any conflicts of interest and have agreed to represent you, as confirmed by your receipt of an engagement letter from us. You should not provide any confidential information or documents to us prior to our advising you that we are in a position to represent you.
Your proceeding to contact us by clicking "agree" reflects your acknowledgement of and agreement to this notice.
