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New Law Aims To Make It Easier To Levy On Bank Accounts

Last year, the Consumer Financial Services Committee of the Business Law Section of the California State Bar sponsored AB 2364 (Wagner).  This bill, which took effect on Tuesday, is intended to simplify the process for levying on bank accounts for both creditors and banks.  Until now, a creditor was required to identify and serve separately each branch of a…

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“Can You Do Division? Divide A Loaf By A Knife – What’s The Answer To That?”

In People v. Collins, 68 Cal. 2d 319 (1968), the California Supreme Court wrote that it could “discern no inherent incompatibility between the disciplines of law and mathematics”.  While the Supreme Court may be correct about the relationship between mathematics and law, I’m not so sure about the relationship of lawyers to mathematics. Every quarter,…

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From DFI to CSBS to FSOC

Section 111 of the Dodd Frank Wall Street Reform and Consumer Protection Act established the Financial Stability Oversight Council (FSOC).  In fact, the FSOC had its first meeting on October 1.  Although all of the voting members (with one exception) are members by virtue of their position as federal officials, California did have one seat…

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