This California case involves the issue of whether a lending institution, which finances a vehicle lease but is not an agent of the automobile dealer in the lease transaction, may be responsible as a lessor for misrepresentations made by the deale
(United States Court of Appeals for the First Circuit)
Under federal law, the monitoring of emails by an employer is governed primarily by the Electronic Communications Privacy Act of 1986 (ECPA), 18 U.S.C. §§ 2510 et seq.
A large dollar item being mailed by a bank customer to a payee is stolen from the mail. The payee is altered. The item is paid. Who bears the loss?
A check was written to a vendor. Someone intercepted the check, altered the payee, and deposited the check to an account in the name of the new payee.
Phil & Kathy's gave a $1.5 million payment order to Harris Trust and Savings Bank. The order named a beneficiary that was not identifiable as a customer at Safra Bank, and Safra did not accept the order.
In May 2009, Ocean Bank authorized six ACH transfers totaling $588,851.26 from PATCO’s account.
Normally, it is the debt collector which faces liability for wrongful conduct under the Fair Debt Collection Practices Act. In this case, however, it was the creditor which may be liable.
The Seventh Circuit U.S. Court of Appeals upheld a bankruptcy court decision that a debtor who does not maintain adequate financial records may be denied a discharge even if there is no evidence of fraud or intentional misconduct.