October 12, 2012 | Inside Counsel
Financial institutions post-Dodd-Frank: The new fiduciary?Typically, a fiduciary relationship arises when one party places special confidence and trust in another, who then becomes obligated to act with due regard for the interests of the first party. While the law varies slightly from state to state, courts have been reluctant to impose fiduciary duties on banks...
By John Houlihan, Elizabeth Kelly
4 minute read
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