After months of public pronouncements calling into question bank overdraft fee practices, the Consumer Financial Protection Bureau (CFPB) has now issued guidance on the legality of so-called “surprise” overdraft fees, as well as the fees some banks charge for bounced checks.
With historic rate changes and new accounting rules, not to mention inflation, and with caution as the watchword in the financial services industry, bank M&A activity is “cautious” at best in the current environment.
The 2022 mid-term election cycle has finally drawn to a close, but voting-rights issues for lenders participating in “club” and syndicated multi-lender credit facilities are still squarely in season.
With continued apologies to the BeeGees, the goal of “Stayin’ Alive” in the current environment for some community banks has become a triage involving a challenging search for expense reductions and a likewise challenging search for ways to enhance income (both difficult at best in the current economic environment) versus finding a strategic partner.
Vorys would like to extend its sincerest congratulations to Jeff Smith on his retirement. Over his career, Jeff has advised hundreds...
One repeated detail in the stories stood out: fictional encounters often featured people addressing Trump as “sir” and asking for help. In 2016, a Washington correspondent for the Toronto Star beg...