Blockchain and Financial Services Blog

Showing 8 posts by Michael E. Nitardy.

New FCC Database Aims to Reduce Potential Liability of Businesses under the Telephone Consumer Protection Act

The Federal Communications Commission (FCC) recently issued an order approving new rules authorizing the creation of a central reassigned telephone number database which will enable any caller to verify whether – unbeknownst to them – a telephone number of a consumer has been reassigned before calling the number. Read More ›

Ohio Enacts Law Acknowledging Blockchain Transactions and Granting Safe Harbor Protections to Eligible Businesses from Data Breach Claims

On Friday, August 3, Governor Kasich signed Ohio Senate Bill 220, which acknowledges for the first time the legitimacy of blockchain transactions as enforceable electronic transactions and creates an affirmative defense to tort actions against eligible businesses for claims relating to data breaches. The law goes into effect in 90 days. Read More ›

What Do You Do With Your Out-of-State Judgment?

            You have successfully obtained a judgment against a party that owes you money.  The problem is, the jurisdiction in which you obtained the judgment is not the jurisdiction in which the debtor/defendant has assets.  Was your judgment obtained in vain? Read More ›

Have You Considered A Non-Wage Garnishment?

You fought hard for your judgment.  Your satisfaction in having won is soon replaced with the knowledge that you still do not have the money that is owed to you.  What are your options? Read More ›

United States' Credit Rating Downgraded By Standard & Poor's

On Friday, August 5, 2011, Standard & Poor’s credit rating agency downgraded the United States’ credit rating from the highest rating of AAA to AA+.  The agency lowered the rating the same week lawmakers in Washington, D.C. voted to increase the United States’ debt limit.  Standard &Poor’s is one of the three main credit rating agencies.  The other two are Moody’s Investors Services and Fitch.  Read More ›

FDIC Proposes New Capital Reserve Levels

The Frank-Dodd Bank Reform Act’s impact continued in December as the FDIC proposed new standards that will require the nation’s largest financial institutions to maintain minimal capital reserves similar to that required by smaller financial institutions. Read More ›

Court Of Appeals upholds Avoidance Of Preferential Transfer Based Upon Kentucky Supreme Court's Explanation Of Kentucky Law

The United States Court of Appeals for the Sixth Circuit Court recently affirmed a Bankruptcy Appellate Panel that held that a bank which loaned an individual the funds to buy a motor vehicle could not overcome the avoidance of its lien as a preferential transfer after the person filed for bankruptcy. The Court so found because the lien at issue was not perfected under Kentucky law within the time frame necessary to be considered an exception to the avoidance of preferential transfers under the Bankruptcy Code. Read More ›

Credit Rating Agency Regulations Under Wall Street Reform And Consumer Protection Act

The landmark Wall Street Reform and Consumer Protection Act still has a final hurdle to pass before it becomes law. But assuming that it does pass the Senate sometime this week or next, the bill will contain several provisions that reform the regulation of the credit rating industry. Read More ›

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Attorney Spotlight

William T. Repasky practices with the Litigation Department at Frost Brown Todd. He focuses on lending and commercial services; banking litigation and financial institutions.