Banking & Finance

In New York, you can often respond to a UCC Article 9 default notice without triggering acceleration by keeping your communication “without prejudice,” requesting payoff and cure figures, and avoiding any written admission that the full debt is immediately due. Article 9 governs secured creditor remedies after default, but the loan documents control acceleration and […]

A New York bank wire transfer is typically irrevocable once the beneficiary’s bank accepts the payment order under UCC Article 4A—meaning a “recall” often fails unless a narrow exception applies. In practice, banks still attempt recalls due to suspected fraud, OFAC concerns, sender error, or internal compliance flags. This article explains how to challenge a […]

The SAFE Banking Act still hasn’t become federal law, so most cannabis businesses can’t reliably access traditional bank loans. Even in states where cannabis is legal, federal illegality and compliance risk keep many lenders on the sidelines, forcing operators to rely on cash, private financing, or costly alternatives. This article explains what the SAFE Banking […]

The Banking 1033 Rule gives consumers a legal right to access and share their own financial data under Section 1033 of Dodd-Frank. It requires banks and data holders to provide accessible consumer-authorized data access so people can use fintech tools and compare services. This article explains what the rule is, how it works, and what […]