FBI Warns of Impending Multimillion Dollar Global ATM Cashout, $13.5 Million Taken Already
August 16, 2018
by Anton L. Janik, Jr.
According to a confidential FBI alert reported upon by Krebs on Security last Friday, the FBI issued an alert to banks concerning what is called an Unlimited ATM Cashout, attacks of which are expected in the near future. Indeed, shortly after that notice was issued, it came to light that The Cosmos…
Congress Passes Dodd Frank Rollback Bill
Ever since the financial crisis nearly ten years ago, the passage of Dodd Frank has meant more regulatory scrutiny for banks across the nation. Last week, Congress passed the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” which means that many banks will be subject to fewer…
Arkansas Legislature Prescribes Contractual Waiver of Jury Trial in Lending Agreements
In late 2017, the Arkansas Supreme Court held that pre-dispute jury trial waivers in loan agreements are unenforceable as per the Arkansas Constitution. The Court provided that, according to the state’s Constitution, the right to a jury trial may only be waived “in the manner prescribed by law.”…
Arkansas Legislature Amends Uniform Commercial Code to Prevent Fraudulent Lien Filings
June 28, 2017
by Jill R. Grimsley
On April 3, 2017, the Arkansas Legislature passed Act 1114 (the “Act”), which amends certain portions of Article 9 of the State’s Uniform Commercial Code to prevent fraudulent lien filings. On April 10, 2017, the Governor signed the Act into law. The Act provides an avenue for individuals who…