September 2018

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Register Now for "A Lender's Guide to Agricultural Defaults" Webinar - September 28

Between natural disasters and tariffs, farmers and their crops are being squeezed. What does that mean for the loans that lenders have made?

Join Baker Donelson attorneys Zach Bancroft and Gary Barnes for an in-depth review of the unique issues that arise when an agricultural loan defaults or goes into bankruptcy. Attendees will learn the ways that agricultural loans differ from traditional real estate deals, things to consider when an agricultural loan hits your desk, and how to maximize value and return on defaulted agricultural loans. (more…)

Get Ready to Comply: Employers Must Use New FCRA Model Disclosure Form by September 21, 2018

Under an interim final rule issued on September 12, 2018, the Consumer Financial Protection Bureau (CFBP) has issued a new model disclosure form that employers and background check companies are required to use, effective September 21, 2018. The new form contains a “security freeze right” notice that must be provided to individuals as a part of Fair Credit Reporting Act (FCRA) disclosures. Failure to provide the disclosure form as required when conducting background checks can land employers in hot water, including class action litigation.

The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers. The final rule implements new timing requirements for sending annual privacy notices pertaining to financial institutions who no longer qualify for the exception and eliminates the “alternative delivery” option for annual privacy notices. The most significant impact of the final rule is the creation of an exception which permits financial institutions to avoid sending annual privacy notices to its customers under certain circumstances. (more…)