November, 2019

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The OCC, Banks and the Federal Courts

GDB Firm Blog

I don't normally blog about court decisions, but in 2015, the United States Court of Appeals, in a case referred to as "Madden," tossed a monkey wrench into the ability of banks to sell loans. Before Madden, if the interest rate on a loan was valid when it was made, then the interest rate remained valid even after it was sold. Thus, before Madden, if a bank legally made a loan at 12% interest, and then sold it to a non-bank that was not permitted to lend at more than 10%, the 12% ra

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Stay Out of Trouble With the Federal Trade Commission

KMK Blog

Whether you’re an active influencer on social media or just occasionally endorse a friend/family member’s product or service, check out the easy-to-read (and apply!) Disclosures 101 for Social Media Influencers brochure and video the FTC published last week. One way to stay out of trouble is to sufficiently disclose your relationship. Find the document and three videos here.

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Give Your Account Documents a Checkup

GDB Firm Blog

In 2008, I wrote in the Business Law Journal that legal developments lagged behind technology so banks needed to stay at the head of the curve to avoid claims of negligence for failing to offer state-of-the-art solutions to customers. Recently, we had a practical application of this situation. The Uniform Commercial Code requires depositors to review checks shown on their account statements for alterations or forgeries.

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Court Holds 6-Month Limitation Period "Unreasonable and Unenforceable"

GDB Firm Blog

"A limitation period that expires before suit can be brought is not really a limitation period at all, but simply a nullification of the claim," and will not be enforced.

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Software Composition Analysis: The New Armor for Your Cybersecurity

Speaker: Blackberry, OSS Consultants, & Revenera

Software is complex, which makes threats to the software supply chain more real every day. 64% of organizations have been impacted by a software supply chain attack and 60% of data breaches are due to unpatched software vulnerabilities. In the U.S. alone, cyber losses totaled $10.3 billion in 2022. All of these stats beg the question, “Do you know what’s in your software?