Dickinson, Bradshaw, Fowler & Hagen, P.C. has been ranked as one of the top firms in Iowa by Chambers USA in its annual survey, America’s Leading Lawyers for Business 2025.
Chambers identifies, ranks and differentiates the best legal talent globally using an independent research method that is unmatched in accuracy, depth and quality.
Firms and…
The Iowa Supreme Court, in County Bank v. Shalla, unanimously held that Iowa Code section 535.17 bars negligence and fraud claims against banks. The decision was premised upon the Iowa credit agreement statute of frauds, which provides that a “credit agreement,” including all terms of that agreement, “is not enforceable in contract law by way…
Join Dickinson Bradshaw and Forvis Mazars on Wednesday, June 18th for a summer pop-up seminar with the Bank Holding Company Association (BHCA) as we bring together community thought leaders, industry experts, and forward-thinking professionals to explore cutting-edge strategies and tools for tackling challenges in today’s dynamic world of banking and accounting.
Attendees will engage in…
During his first few months in office, President Trump and his Administration have taken a number of steps to eliminate “illegal” Diversity, Equity, and Inclusion (“DEI”) programs. While “illegal” DEI programs are yet to be clearly defined, and the guidance is still evolving and deserving of its own article, the guidance related to Affirmative Action Programs (“AAPs”)…
The banking industry continues to be buffeted by change. The current regulatory environment presents opportunities. However, new challenges are on the horizon in the form of new competitors and disruptive technologies. Banks are resilient and have weathered disruption in the past, and should be prepared to confront changing technology, business models, and regulatory environments head…
Congress is once again considering repealing Section 1071 of the Dodd-Frank Act. On February 4 Congressman Roger Williams introduced legislation to repeal Section 1071. A similar proposal is expected in the Senate.
Banks are familiar with Section 1071, which imposes the following requirement:
[I]n the case of any application to a financial institution for…
Joint accounts provide flexibility to accountholders and ease administration for financial institutions by allowing husbands and wives, parents and children, and business partners to quickly access funds. Joint accounts allow parties to bypass obtaining powers of attorney and are easy for a financial institution to administer.
However, many banks have encountered problems when one joint…
Even before the next administration is sworn in, FDIC Vice Chairman Travis Hill is already signaling that changes are coming to the FDIC’s approach to regulating banks. The text of Vice Chair Hill’s speech is worth reading in its entirety, but there are several key takeaways:
Form over Substance
Many bankers have been frustrated during…
Over the last several months, banks all across Iowa have dealt with an increasing volume of fraudulent checks. The typical situation involves fraudsters intercepting a business customer’s check to a vendor. The fraudster then either (1) creates a counterfeit check, (2) alters the check’s payee, or (3) fraudulently endorses the check. The fraudster then deposits…
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the one constant in the banking industry. Most customers do their banking online, their valuables are…
