Banking & Finance
What is an Opinion Letter?
A third party legal opinion, commonly referred to as an “Opinion Letter”, is a letter issued by an attorney to advise a client of legal risks and resolve legal uncertainties. An Opinion Letter assures the recipient that their conduct is legal and confirms within the existence of legal relationships. Opinion Letters are commonly issued in…Read More
Bots in Consumer Finance: Regulatory and Compliance Considerations for Financial Institutions
Bots, chatbots, and their associated technologies are all the rage these days. Many institutions and businesses have begun to use bots to supplement and enhance their operations. Financial institutions have been increasingly integrating this technology into their practices to great success. As beneficial as this technology can be, it nonetheless poses unique regulatory and compliance…Read More
Bankruptcy Options In The Age Of Coronavirus
If you are currently unemployed due to the national coronavirus pandemic and have bills coming due, you may need to consider your consumer bankruptcy options under Chapters 7 or 13 of the Bankruptcy Code. In recent reports, worldwide, households now have $12 trillion more in debt than during the financial crisis of 2008. We are…Read More