What Are Banking Disputes?

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As a small business grows, so does its relationship with its bank, and the more complex the relationship, the more chances there are that a banking dispute will arise.

A small business may utilize a bank for basic transactions, but as the business expands its going to use the bank for far more than just an account. They may have a loan through their bank or lender, they may take advantage of the financial analysis resources offered, or it may need it for commercial real estate transactions.

What entities do individuals and businesses commonly have financial disputes with?

  • Commercial and investment banks
  • Consumer finance companies
  • Mortgage lenders
  • Credit card companies
  • Credit unions
  • Insurance companies
  • Consumer finance companies
  • Brokerage firms

The more often a bank is used, the more opportunities for a banking dispute to arise. Common banking disputes include:

  • Bank fraud
  • Identity theft
  • Foreclosures
  • Issues with accounts and monetary transactions
  • Hidden fees
  • Breaches of contract
  • Management issues
  • Disputes over financial products

What are the biggest concerns businesses have when a banking dispute arises?

  1. How can the owners keep the business running if the bank is create obstacles? 
  2. How can the business keep the money flowing despite the issues with the financial institutions? 
  3. Is litigation the solution or does the business need to negotiate and settle quicker so as to get back to managing and running the business? 
  4. If litigation is an option, would it harm the business’ reputation to pursue a lawsuit?

Seeking out an attorney who has extensive experience with and knowledge of banking disputes will help a business no matter its size. An attorney can help solve complex problems quickly and quietly so that you can focus on running the business.

For more information, send us a message.


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