Blog Post List

UPDATE regarding ADA compliance lawsuit notifications 

Since September 2016, we have been receiving notices from insured banks that have received letters from law firms alleging that bank websites and internet-based banking services violate the Americans with Disabilities Act (ADA) because the sites are not accessible to the visually impaired. The demand letters typically seek a settlement payment and an agreement to work with the law firm to modify the website in accordance with proposed regulations.

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ABMI announces 27th consecutive distribution to participating banks 

$82.7 million has been declared in total distributions since 1991

American Bankers Mutual Insurance, Ltd. announced a distribution for the 27th consecutive year. 1,037 members of the American Bankers Association (ABA) that have D&O, Financial Institution Bond and related insurance from ABA Insurance Services were eligible to share $1.5 million.

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Are your bank’s websites, Internet banking services accessible to the visually impaired? 

Be aware that plaintiffs’ firms are now targeting banks of all sizes for website accessibility.

Banks of all sizes nationwide are receiving demand letters from plaintiffs’ law firms on behalf of blind customers alleging inability to access Internet banking websites in violation of the Americans with Disabilities Act (ADA). The letters demand that the banks modify the websites to comply with proposed rules that won’t be enacted until 2018 and, of course, the firms are seeking attorneys’ fees.

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Top 10 Ways to Avoid Employment Related Problems 

Employment-related lawsuits are difficult to deal with: emotions run high with personal issues often brought into play. Even when claims are meritless, defense costs can be substantial. The impact on morale and reputation can also be significant. The following tips may help reduce employment-related issues in your business and strengthen your defense if an action is brought.

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Ransomware information resources available on aba.com 

From American Bankers Association
Documents to help you identify various forms of malware, outline preventative measures, business continuity considerations, and know what to do if infected with ransomware and how law enforcement can assist are now available at a newly created ransomware issue page from the American Bankers

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Be aware of liability when serving alcohol at company-sponsored functions 

With summer in full swing, many companies are planning group outings with alcoholic beverages being provided by the company. Business owners and managers should recognize that there is a legal liability associated with providing alcohol at these types of events that is not entirely unlike the risks borne by your local tavern owner.

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Prevent the ransomware epidemic from infecting your organization 

by Heather Wyson-Constantine, Vice President of Payments and Cybersecurity, American Bankers Association

By now, you’ve mostly likely heard the news: ransomware is here and it’s a problem. The impact can be devastating. Imagine not being able to access your email, customer information or vital records for days or even weeks. Victims not only face monetary losses associated with the ransom and loss of business during the downtime, but also the additional forensics costs, the loss of employee productivity and, most importantly, customer trust.

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