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Photo of Corporate Law Blog Emily H. Cowles
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ecowles@mcbrayerfirm.com
859-231-8780; ext. 1216
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I am proud of the experience, expertise and business insight that I bring to my clients. I am a respected leader in my area of practice, and I am frequently called upon to speak, write and …

Showing 3 posts by Emily H. Cowles.

Partial Dodd-Frank Rollback Should Help Kentucky Community Banks

As many of us in the banking industry know, Dodd-Frank, which was passed in 2010 as a response to the global financial crisis, may have ultimately served as more of a machete in quick response to a situation that needed a scalpel. Our community banks especially were caught in the crossfire of the new patchwork of regulation. These regulations effectively hobbled the ability of these banks to lend due to the cost-prohibitive expense of compliance for mortgage lending. This took a toll on our banks, many of whom served rural areas in Kentucky and were best situated to make these loans to our local communities. More >

Kentucky Slashes Statutory Interest Rates

In March of 2017, Kentucky moved to slash statutory interest rates. HB 223, sponsored by Rep. Joe Fischer and signed by Gov. Bevin on March 16th, cuts interest rates on civil judgments by half in some instances. This new law may have a significant impact on lenders and judgment creditors, as the higher rates provided an incentive for judgment debtors to move quickly to pay off the civil judgment. More >

Charge-offs on Consumer Debts: The Kentucky Supreme Court Causes Shaky Ground to Collect Prejudgment Interest

The Kentucky Supreme Court is shaking things up for banks that collect on charged-off debts. The decision in Unifund CCR Partners v. Carol Harrell, 509 S.W.3d 25  (Ky. 2017), is an eye-opener for lenders regarding their strategies to recover a contractual or statutory right to collect interest on prejudgment debt. More >

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