Lender Liability – When is it No Longer an "Arm's Length" Transaction?
By Kluger, Kaplan, Silverman, Katzen & Levine, P.L. September 10, 2012
By Philippe Lieberman As banks today struggle to stay afloat, many are increasing their offerings to customers. The tension arises when the duty owed to the customer by one department of the bank may be different than that owed by another department of the same bank. For example, some services, …