While federally regulated lenders are typically aware of their responsibilities under the Flood Disaster Protection Act of 1973 (the "Act") to obtain flood certifications upon an initial extension of credit, lenders that fail to maintain and update…
As seen in the July/August 2017 issue of the Indiana Banker Association's Hoosier Banker.
Question: Our largest shareholder passed away last week after a long illness. She owned approximately 35 percent of the outstanding shares of our holding…
Krieg DeVault has once again been recognized in two categories by BTI Consulting Group. The firm was named by clients to the Honor Roll of Core Firms in the manufacturing industry, in the top 30% of firms working in that industry, and was also named…
After months of employers wondering what would happen to the new overtime rule that was to go into effect on December 1, 2016, but was halted through an injunction issued by a federal district court, we have some new insight. But first, some…
On June 7, 2017, the U.S. Department of Labor (DOL) announced that it was withdrawing an Administrator’s Interpretation (Interpretation) issued just two years earlier, on July 15, 2015, which set forth criteria for determining whether a worker is an…
The Internal Revenue Service (“IRS”) issued a May 12, 2017 memorandum from the Office of Chief Counsel (CCA 201719025) that reminds us all of the old saying “If it seems too good to be true then it probably is.” The cost of benefits for employers…
The U.S. Department of Labor (DOL) is looking for more input about possible changes to the Fiduciary Rule and even possible further delay of some of its applicability. On June 29, 2017, the DOL released a Request for Information regarding the…
On May 1, 2017, the Supreme Court in Bank of America Corp. v. City of Miami, Fla., 137 S. Ct. 1296 ruled that under the Fair Housing Act (“FHA”)[1] cities may sue banks over residential lending practices they allege led to urban blight. However, in…
Krieg DeVault is pleased to announce that the firm’s valued client, Lawrenceville, Georgia-based Essential Ingredients, has been named to “Forbes Small Giants: America’s Best Small Companies” list. Essential Ingredients was 1 of only 25 companies…
Krieg DeVault is pleased to announce that Partner John B. Baxter has been named to Band 2 by Chambers USA 2017 for Real Estate. Partner Robert A. Greising has also been named to Chambers USA 2017 to Band 3 for Corporate/M&A. The firm was named to…
Late Monday, May 22, 2017, Secretary of Labor Alexander Acosta issued an opinion editorial in the Wall Street Journal explaining that although public comments and more in-depth analysis will continue with respect to the overall fiduciary duty rule,…
The 120th Indiana General Assembly recently enacted legislation to revise Indiana Code (“IC”) 4-6-14 regarding abandoned health records. Under the current statute, the attorney general (“AG”) may take possession of, store, maintain, transfer,…
