Vladimirova: Policies on ESG issues create tensions for financial institutions
Companies both large and small continue to grapple with how ESG issues affect their risk management, strategic investments and external reporting.
Banking & Finance
-
‘Cautiously optimistic’: Attorneys say inflation causing banks, clients to ‘sharpen pencils,’ but projects, investments moving ahead
Between interest rates, labor shortages, supply chain issues, the ongoing war in Ukraine and the aftereffects of COVID-19, debtors and creditors are facing some uncertainties, attorneys say.
Read More
Articles
Jurkiewicz: Deposit account security interest can overcome garnishment
As long as the bank takes appropriate steps in response to the garnishment paperwork, the bank’s perfected security interest in the deposit account will defeat any interest asserted by the judgment creditor.
Notre Dame Law dean, Chapter 13 Trustee among bankruptcy fellows
Notre Dame Law School Dean Marcus Cole and John Hauber, Chapter 13 Trustee for the Indiana Southern District, will be among the 39 new fellows inducted into the American College of Bankruptcy in March 2023.
Wells Fargo to pay $3.7B over consumer loan violations
Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts.
Regions Bank to refund $141M for illegal overdraft fees
Regions Bank for a second time in a decade was found charging illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fees.
Federal Reserve likely to signal higher rate hikes ahead
The Fed is expected at its latest meeting to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would lift its benchmark rate—which affects many consumer and business loans—to a range of 3% to 3.25%, the highest level in 14 years.
Product-liability lawsuits against 3M can proceed, Indianapolis judge rules
Indianapolis-based Aearo Technologies LLC’s recent bankruptcy filing won’t shield its corporate parent 3M Co. from the massive flood of product-liability lawsuits over Aeros’ military earplugs, a judge has ruled.
Prosecutors ask for eight-year prison sentence for former financial exec
Prosecutors are asking for an eight-year prison sentence for former financial executive Kerri Agee of Noblesville, who was found guilty in August of four counts of wire fraud and one count of conspiracy.
Comments invited on proposed regulations for bankruptcy trustee payments
Comments are requested by the federal judiciary from members of the public, judiciary and legal community on a set of proposed interim regulations for bankruptcy trustee payments.
HUD complaints allege racial bias in Indianapolis home appraisals
The Fair Housing Center of Central Indiana and Indianapolis resident Carlette Duffy have filed fair housing complaints with the U.S. Department of Housing & Urban Development, alleging Duffy’s home was appraised at a lower value because she is African American.
COA affirms relief from default judgment for defendant claiming identity theft
Default judgment against a man claiming to be the victim of identity theft in a criminal case was properly set aside, the Indiana Court of Appeals ruled Monday. The court held that the man was not required to provide a factual basis for his defense in the initial stages of the proceeding.
COA: Guardian can deposit check but not exercise estate planning
Although an adult guardian properly deposited a check after his ward died, the trial court did not err in denying the guardian’s request to exercise estate planning, the Indiana Court of Appeals has ruled.
Revisiting foreclosure case, COA reaffirms money judgment
A $112,000 money judgment originally upheld in 2019 has been reaffirmed in a second appellate decision issued in the case Tuesday.
Five from Indianapolis area sentenced to federal prison in $8.4M fraud scheme
A Zionsville business owner and four others from the Indianapolis area have been sentenced to federal prison for participating in an $8.4 million fraud and money-laundering scheme, the U.S. Department of Justice announced Friday.
Warrant issued for former University of Evansville coach
A judge has issued an arrest warrant for former University of Evansville basketball coach Walter McCarty after he missed a court hearing in a civil lawsuit filed on behalf of a bank.
NY AG probes if Trump pumped up value of estate, assets
New York’s attorney general asked a court Monday to compel some of President Donald Trump’s business associates, including his son, Eric, to testify and turn over documents as part of her investigation into whether the president’s company lied about the value of its assets in order to get loans or tax benefits.
Advice on CARES Act’s freezing of student loan payments till 2021
People with federal student loans don’t have to make another federal payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021.
Prosecutor seeking Trump’s taxes cites probe of his business
A New York City prosecutor fighting to get President Donald Trump’s tax returns told a judge Monday he was justified in demanding them because of public reports of “extensive and protracted criminal conduct at the Trump Organization.”
Indianapolis man gets 11-plus years in federal prison for leading fraud scheme
Indianapolis man Frank “Bread” Powell has been sentenced to more than 11 years in federal prison for leading a large-scale fraud ring that bilked Kroger and other retailers out of hundreds of thousands of dollars.
SCOTUS: Congress can’t get Trump records, but Manhattan DA can
The Supreme Court of the United States on Thursday upheld the Manhattan district attorney’s demand for President Donald Trump’s tax returns, but kept a hold on Trump’s financial records that Congress has been seeking for more than a year.