Author: Stevie Black
Commercial Loans and the FCRA
The Fair Credit Reporting Act, or FCRA for short, basically regulates the furnishing and collecting of credit information and imposes certain disclosure requirements in connection with accessing credit reports. The FCRA itself is a statute and only a few parts of the statute have implementing regulations, so it can be particularly tricky to interpret at times. […]
Questionable Incoming Wires and What to Do About Them
One topic we continue to hear about is the prevalence of questionable wires coming into customers’ accounts at the bank. Whether it’s part of the classic “Nigerian Prince” scam—where a fraudulent wire temporarily hits the customer’s account in exchange for a smaller payout from the customer’s own funds—or a con artist is wooing an unsuspecting […]