Common Liabilities Faced by Lending Institutions
When you handle the financial interests of businesses and individuals, you not only have to deal with hundreds of regulations but also the expectations of the client. While having professional liability for bankers can certainly mitigate the risks, it’s more important to be proactive in managing your liabilities. Know these common reasons clients sue to find ways to avoid opening your institution to risk: Acts of bad faith – the client accuses the lender of being unreasonable in a decision…
