Publications

• Know Your Customers (Especially the Ones That You Don’t Know)
  

  Author:  Cory D. Childs

  The Financial Crimes Enforcement Network (FinCEN) recently issued new guidance to financial institutions regarding certain customer relationships, which was co-signed by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the …

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• MEDICARE REPORTING DEADLINE DELAYED UNTIL 2011
  

  Author: Megan C. Gammill

  The deadline has changed once again for compliance with the new Medicare reporting mandates of the Medicare, Medicaid and SCHIP Extension Act of 2007 (MMSEA or the “Act”).  On February 16, the U.S. Department of …

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• Dirt Law at Ground Level
  

  Author: W. Christopher Barrier

  J. Noble Portis and Coon Dog Twichell were passing a rainy Saturday afternoon in pursuit of self-improvement: Coon Dog always claimed that playing shuffleboard at the Rainbow Tavern improved his concentration and steadied his hand. 

  Please …

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• COBRA Subsidy Extended Again and Expanded to additional Qualifying Beneficiaries
  

  Author:  Tod D. Yeslow

  Yesterday, the President signed H.R. 4691 titled “Temporary Extension Act” for the purpose of extending certain benefits and programs which expired on February 28, including the COBRA premium subsidy.  There are 4 things for plan …

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• Dirt Law at Ground Level
  

  Author: W. Christopher Barrier

  Mike Kinard practiced law in Magnolia for decades and served in the General Assembly before his election to the Court of Appeals, so he is well-versed in the common law and statutory law and the …

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• Loan Participations and Statement 166 – Be Careful!
  

  Author: John Alan Lewis

  Important new accounting rules for community banks selling loan participations went into effect on January 1, 2010. The Financial Accounting Standards Board (“FASB”) in June of 2009 adopted new guideline, Statement 166, amending Statement No. …

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• Considerations for Due Diligence and Monitoring Benefit Plan Claims Administrators
  

  Author: Tod D. Yeslow

  Being that the delegation of the discretionary function of claims processing is a fiduciary act, plan fiduciaries are responsible to routinely monitor their third party claims administrator’s processes and performances and make the affirmative determination …

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• The Loss Of The Creditors’ Rights Endorsement For Title Insurance Purposes
  

  Author:  John Alan Lewis

  FNMA no longer requires creditors’ rights endorsements for loans it purchases and, if rumors can be trusted, the American Land Title Association will soon eliminate the ALTA 21 Creditors Rights Endorsement available for the 2006 …

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• Dirt Law at Ground Level
  

  Author: W. Christopher Barrier

  Lawyer Coon Dog Twichell was in a contemplative mood, gazing out the window of his office. His view focused on a row of Bradford pear trees whose leaves autumn had turned to shades ranging from burgundy …

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• COBRA Subsidy – Tax Credits
  

  Author: Tod Yeslow

  The IRS has provided guidance on taking an employment tax credit equal to the 65% COBRA subsidy paid on behalf of a former employee who is receiving a COBRA subsidy. Under the American Recovery and Reinvestment Act …

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