Banking
March 27, 2023 | Wendy Hoey Sheinberg | Nicholas G. Moneta | |
Recent headlines about bank closures have prompted people to check their personal bank accounts to make sure the balances are under the $250,000 FDIC insurance limits. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects depositors of insured banks against the loss of their deposits if an
Read MoreMarch 17, 2022 |
Michael Heller published the article, “Federal Trade Commission Expands Data Security Safeguards Requirements” in The Banking Law Journal.
Read the full article here.
Read MoreOctober 21, 2021 |
Michael Heller published the article, “New Private Flood Insurance Guidance on Horizon for Banks” in The Banking Law Journal.
Read the full article here.
Read MoreMay 25, 2021 |
Michael Heller published the article, “Banks May Face New Computer-Security Incident Notification Requirements” in The Banking Law Journal.
Read the full article here.
Read MoreDecember 3, 2020 |
Michael Heller’s article, “Banks Have Much at Risk in Battle Over Powers of Attorney in New York” was published in Pratt’s Banking Law Journal.
Click here to read the article.
Read MoreAugust 27, 2020 |
Michael Heller published the article, “Electronic Closings: Key Issues for Banks” in The Banking Law Journal.
Click here to read the article.
Read MoreApril 28, 2020 | Wendy Hoey Sheinberg |
Colleges and universities across the country have closed in response to the COVID-19 crisis. Some have announced that they will provide pro-rated refunds for certain expenses.
If your college-age child received a refund for tuition or other education payments made through a 529 College Savings Plan (“529 Plan”), you will need to pay special attention
Read MoreApril 9, 2020 | Richard A. Frankel |
Although small businesses have been the focus of coronavirus-related financial assistance, nonprofits have been similarly struggling. They, too, must cover payroll expenses, rent and financing obligations. Rightly, the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law by President Trump on March 27, 2020, also applies to them.
The following describes the benefits
Read MoreMarch 25, 2020 | William Cornachio | Richard A. Frankel | Stuart I. Gordon | Michael J. Heller | Matthew V. Spero |
On March 21, 2020, Governor Cuomo issued Executive Order 202.9, which is in effect through April 20, 2020. The order provides financial relief to consumers and businesses with outstanding bank loans.
The order modifies subdivision two of Section 29 of the Banking Law to provide that it is an “unsafe and unsound” business practice if
Read MoreMarch 20, 2020 | Michael J. Heller | Sean N. Simensky | |
As the coronavirus pandemic continues to cause disruptions to businesses, the U.S. Small Business Administration (SBA) has announced its Coronavirus (COVID-19) Disaster Relief Lending program, which will offer certain small businesses and nonprofits affected by COVID-19 access to the SBA’s Economic Injury Disaster Loans.
As of today, small business owners in New York State are
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