Trust Accounts

Collaborative Divorce E-Mail Scams Still Making the Rounds but Lawyers are Learning.

By at 16 March, 2011, 3:00 pm

This and similar e-mail scams have been circulating for several years and despite the warnings of myself, my fellow PMA’s and other legal organizations, a number of attorneys continue to fall victim to this and similar scams. However, once in a while the good guys do win one and the lawyer manages to “dodge the bullet” so to speak. I had such an experience helping a member on Tuesday, March 15, 2011.

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IOLTA accounts no longer receive unlimited FDIC Insurance under Dodd-Frank Act

By at 20 December, 2010, 6:26 pm

Many US attorneys have started receiving letters from their IOLTA providing banks that the IOLTA accounts no longer receive unlimited FDIC insurance as they had since enactment of the FDIC’s Transaction Account Guarantee Program. This change and the reason for the notices is a direct result of the new Dodd-Frank Wall Street Reform and Consumer Protection Act as IOLTA accounts were not included in the enacting provisions for accounts that received this insurance.

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