Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
What Home Mortgage Lenders Should Know About Recent Changes to the Rule on Mortgage Servicing in Bankruptcy
Federal Rule of Bankruptcy Procedure 3002.1 (the “Rule”) was amended effective December 1, 2025. This article shares the details of the amended Rule.
Continue ReadingFourth Circuit: Banks Not Liable For Executing Wire Transfer Orders In Absence of Contractual Duty
Let's review a recent victory for banks regarding alleged liability for executing wire transfer orders.
Continue ReadingFourth Circuit: No Bank Liability For Accepting ACH Transfer Unless Actual Knowledge of Account Misdescription
This month we review a critical recent victory for banks and other depository institutions regarding liability for fraudulent account activity.
Continue ReadingCan a Borrower Effectively Waive the Automatic Stay Before Filing Bankruptcy?
Is a borrower’s agreement to waive the automatic stay in a pre-bankruptcy document enforceable; recent developments in the Corporate Transparency Act.
Continue ReadingImportant Legal Update: Treasury Department Halts Enforcement of BOI Reporting
On March 2, 2025, the U.S. Department of the Treasury announced that it will suspend enforcement of the CTA for U.S. citizens and domestic reporting companies.
Continue ReadingImportant Legal Update: Corporate Transparency Act- Reporting Requirements Back in Effect with Deadline of March 21, 2025
The Corporate Transparency Act (“CTA”) and its beneficial ownership information (“BOI”) reporting requirements are back in effect.
Continue ReadingImportant Legal Update: Corporate Transparency Act - Ongoing Litigation Reinstates Injunction
A new panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Fifth Circuit’s previous filing deadline extension.
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