Boardman & Clark LLP—Banking Group

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News Items

• 2.2009 ERISA claims - When to include ERISA claims procedures in an employment agreement with arbitration discussion.
  ERISA (the Employee Retirement Income Security Act) is a federal law that applies to most employee benefit plans. It's drafted broadly enough that even individual contracts can be covered by it (which sometimes is a surprise to folks). Click here to read more.


• 2.2009 TARP Program - Updates on the Treasury Capital Purchase Program for Privately-held Institutions and the Treasury Capital Purchase Program for S corporations.


• 2.2009 New Wisconsin Uniform Securities Act - In 2009, Wisconsin's new Uniform Securities Act became effective. If your bank effects transactions in securities, it may be subject to regulation as a "broker" or "dealer" under Wisconsin or federal law.


• 2.2009 Legal Considerations in Downsizing - When an employer decides to carry out a reduction in force, it should consider several key issues to reduce legal risk and bolster what might be a strained workforce.


• 2.2009 Remote Deposit Capture - Remote deposit capture (RDC) is a service provided by banks which allows customers to deposit items electronically from remote locations. It can significantly decrease the costs of doing banking, but also raises new risks that the traditional deposit system did not.


• 2.2009 FDIC Debt Guarantee Program - Under this Program, the FDIC guarantees newly issued senior unsecured debt of eligible entities in the event of the uncured failure of participating entity to make timely payment of principal or interest as required under guaranteed debt instrument. The Program expires June 30, 2009. For more information about the program and whether it would be useful for your bank, click here.