It's Not You, It's Me: When Banks Break up with Red Notice Subjects


One of the more inconvenient results of being the subject of a Red Notice is that your bank might break up with you. One of the more frustrating parts of that break up may be that the bank won't say exactly why.

All financial institutions have their own policies (or should have them) regarding risk management practices. When a risk management department becomes aware that a customer has an existing Red Notice, it may decide that it no longer desires that person's business, even if the customer is unaware of the Notice's existence.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Estlund Law, P.A. | Attorney Advertising

Written by:


Estlund Law, P.A. on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.