On Tuesday, August 29, 2017, the Department of Housing and Urban Development (HUD) announced that it is changing the requirements for its reverse mortgage program. The changes are expected to help protect taxpayers while still pursuing the mission of the program. The purpose underlying the changes is to protect other programs in place that are

It is often said that employees are a company’s most important asset.  This is particularly true in the retail banking industry where employees regularly interact with the bank’s customers and often are the “face” the institution.  Because engaged and devoted employees are so critical to the success of an institution, attention must be given not

As the summer months approach, many of us start to think about taking a few days off to visit the beach or the mountains. For employers, this may be a good time to review your company’s vacation policy and to ensure your practices are consistent with your policy. In Pennsylvania, employers are not required to

 Recent Trends in Wage Equity Legislation By Erin R. Kawa and Erin K. Benson On January 23, 2017, Philadelphia Mayor Jim Kenney signed into law Bill No. 160840, which amends the Philadelphia Fair Practices Ordinance and prohibits employers from inquiring about prospective employees’ salary histories. Following on the heels of the passage of similar legislation

By: Marty B. Ellis On June 1, 2015, in two consolidated cases (Bank of America, N. A. v. Caulkett and Bank of America, N. A. v. Toledo-Cardona), the Supreme Court of the United States ruled that in a bankruptcy liquidation Chapter 7 proceeding, the debtor cannot void a second mortgage when the value of the

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On January 13, 2015, the United States Supreme Court issued an opinion in a case captioned Jesinoski et ux v. Countrywide Home Loans, et al., (October term, 2014 – No. 13-684) interpreting the rescission provisions applicable to mortgage loans under the Truth-in-Lending Act, 15 U.S.C. §§ 1601 et seq. and Regulation Z, 12 C.F.R. Part

Shumaker Williams, P.C. Securities Law Practice Group By Jane G. Davis Companies, including bank holding companies, looking to raise capital through the sale of securities, must either register the securities with the Securities and Exchange Commission (the “SEC”) or rely on an exemption from registration.  In some instances, the securities laws of the states in

Shumaker Williams, P.C. Financial Services Practice Group  By Paul A. Adams* The Office of the Comptroller of the Currency (“OCC”) has recently published two bulletins, OCC 2013-33 and OCC 2013-39 on risk management of third party vendors.  The first is generalized guidance for assessing and managing risks associated with third party relationships which replaces its

Although times have changed over the years, Shumaker Williams, P.C. is proud to announce its 50-year milestone of offering legal counsel to the business community.  Having started from modest beginnings in 1964, John K. Shumaker, John G. Williams, and Richard L. Placey created a law practice that would later become an established force in the

Shumaker Williams, P.C. is proud to announce that Meredith M. Mason and Evan C. Pappas have co-authored a chapter in the most recent edition of the American Bar Association’s Intellectual Property Deskbook for Business Lawyers.  The book as a whole is intended to  be a “go to” reference for general practitioners, business lawyers, and corporate

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