Publications

Illinois Bar Journal
Articles on Banks and Banking

State agencies must use direct deposits to make employee payroll and some other payments. PA 097-0348 December 2011 Illinois Law Update, Page 610 Illinois lawmakers have amended the State Comptroller Act to require state agencies to use direct deposits in making payments to its employees and some vendors. (15 ILCS 405/9.03)
New IOLTA requirements effective September 1 By Helen W. Gunnarsson September 2011 Lawpulse, Page 434 The amended rule forbids non-interest bearing pooled accounts, imposes new recordkeeping requirements, and obliges banks to report trust-account overdrafts.
Banks and Federal Grand Jury Subpoenas: Resolving the Hobbesian Dilemma By Michael G. Cortina April 2006 Article, Page 200 Try not to let your bank clients get caught between the conflicting dictates of state and federal privacy laws.
No state-law claims of usury against a national bank January 2006 Illinois Law Update, Page 16 On November 10, 2005, the Illinois Appellate Court, First District, affirmed the decision of the Circuit Court of Cook County, granting summary judgment for defendant EquiCredit Corp of America.
The trial court's judgment that the plaintiff did not negligently contribute to the forgery of checks was not against the manifest weight of the evidence when the plaintiff took reasonable precautions; in a claim of breach of presentment of warranties, proof drawee's knowledge of the forgery is required with regards to an unauthorized drawer's signature October 2003 Illinois Law Update, Page 492 On June 25, 2003, the Appellate Court of Illinois, First District, affirmed the orders of the Circuit Court of Cook County entering judgment against MidAmerica Bank (MidAmerica) and in favor of Clean World Engineering, Ltd. (Clean World), and granting the third-party defendant's, TCF Bank Illinois (TCF),motion for summary judgment against MidAmerica.
The Gramm-Leach-Bliley Act: Does it Apply to You? By Aaron W. Brooks and Megan G. Heeg August 2002 Article, Page 412 Many argue that GLBA's disclosure and other requirements apply to lawyers. Here's what to do.
Don't Let Your Client Be Labeled a Predatory Lender By Mavis W. Kennedy November 2001 Article, Page 595 A review of federal and state predatory-lending laws, including new regulations from the Illinois Office of Banks and Real Estate.
Make Your Banker Your Partner By Paul Sullivan November 2001 Column, Page 599 Need a loan to grow your practice or even out cash flow? Here's what your banker has to offer and what you'll be asked to provide in return.
The Lawyer's Journal By Bonnie C. McGrath August 2001 Column, Page 394 Name-calling brief writers get a pass; Gramm-Leach-Bliley may require lawyers to send privacy notices; and more.
High risk home loans July 2001 Illinois Law Update, Page 342 On May 17, 2001, the Illinois Office of Banks and Real Estate (office) adopted a new provision to section 345 of the Illinois Administrative Code. 38 Ill Adm Code 345.
Default and foreclosure rates on conventional loans March 2001 Illinois Law Update, Page 116 On December 15, 2000, the Illinois Office of Banks and Real Estate (OBRE) adopted emergency rules and amendments to sections 345, 1000, and 1050 of the Illinois Administrative Code.
Distinguishing Between Securities Accounts and Deposit Accounts Under the UCC By René Ghadimi December 2000 Article, Page 719 This article discusses the important and sometimes elusive distinction between the two accounts.
Confidential supervisory information disclosure October 2000 Illinois Law Update, Page 563 On July 28, 2000, the Illinois Office of Banks and Real Estate adopted new sections to section 325 of the Illinois Administrative Code. 38 Ill Adm Code 325.
College Savings Pool July 2000 Illinois Law Update, Page 380 On March 24, 2000, the Illinois Treasurer's Office adopted emergency rules to section 2500 of the Illinois Administrative Code. 23 Ill Adm Code 2500.
New law protects consumers from predatory lenders ; P.A. 91-698 July 2000 Illinois Law Update, Page 380 Public Act 91-698, which became effective when signed on May 6, is designed to protect Illinois consumers from predatory lenders by authorizing the Department of Financial Institutions and the Office of Banks and Real Estate to promulgate rules regulatin regulating the activities of lenders they license.
The Lawyer's Journal By Bonnie McGrath February 2000 Column, Page 62 Banks and title insurance; fees for foiled FOIA requests; crafting affirmative action plans; and more.
State treasurer may create a college savings pool that involves financial institutions ; P.A. 91-607 January 2000 Illinois Law Update, Page 16 Public Act 91-607 creates a state-administered “College Savings Pool” that provides federal tax benefits to participants.
Bank not guilty of negligent misrepresentation when plaintiff's reliance on alleged statements by bank employee was unreasonable December 1999 Illinois Law Update, Page 636 On October 21, 1999, the Seventh Circuit of the United States Court of Appeals affirmed the judgment of the bankruptcy court that the plaintiff, Michael Rovell.
The Lawyer's Journal By Bonnie McGrath October 1999 Column, Page 514 Insurance policies and the discovery rule; read the fine print.
Plain English as a Second Language: Will It Become Second Nature at the SEC? By Carla E. Laszewski October 1999 Article, Page 536 An explanation of the SEC's plain English disclosure rules and why the agency advocates their use.
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