Most banks care a great deal about fulfilling legal and regulatory obligations. Finding a potential error can be frustrating and worrisome.

We help our financial institution clients resolve errors in as positive a way as possible, so our clients can minimize potential costs and maintain their positive relationships and reputation. We also help our clients make adjustments to their services and documents to avoid having to worry about the same problems again.

Most of the time, errors are caught informally by bank staff, by an audit, or in a regulatory examination. Depending on where the bank is at in the process, we can help:

1. 1. Confirm Whether There Really Is an Error
   2. Help Develop a Resolution Plan
   3. Help Identify Prospective Changes for Avoiding Similar Problems in the Future

No bank wants to lose money by mishandling a deposit account. Inevitably, deposit-holding banks run into difficult questions in managing deposit account funds.

When the answers aren’t obvious, Farley Law helps clients determine proper payment and administration of deposit accounts, so our bank clients know they are getting funds to the right people and the bank isn’t paying twice.

Most concerns can be resolved by getting the right documentation in place to support customer requests.

Most often, we see deposit account issue arise when:

1. 1. An Account Holder Dies
   2. A Trust Account Opens or a Trustee Transitions
   3. Managing Special Purpose Accounts: DACA, Escrow, TUTMA or Others
   4. Third Parties Make Claims to the Account

Knowing how to scope vendors, how deep to dig, and where you can negotiate on terms can be challenging.

We help our clients vet vendors and minimize risks in their vendor contracts, so our clients can focus on taking care of their customers instead of on vendor risks.

Successful negotiation usually starts early in the vetting process. We can help:

1. 1. Set a Scope of Review Based on Vendor Risk
   2. Review and Negotiate Contract Terms
   3. Assure that Contracts Address Regualtory Requirements

Vendor Reviews tend to be the most critical when:

1. 1. The vedor will handle customer information
   2. The bank reviews third party service providers
   3. The bank considers contracts for integrated services and partnerships with other financial services
   4. The bank evaluates at agreements for payment services
   5. The bank is negotiating and signing with a core processor