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Showing 1–1 of 1 articles for “loan accounting”

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Jan 19, 2021 banking law fiduciary duty loan accounting bank records supreme court consumer protection

The Fiduciary Duty of Banks in Loan Accounting: A Guide to Metrobank v. Cruz

The Supreme Court affirms that banks owe clients a fiduciary duty to keep accurate loan records and render full accounting, beyond any internal retention policy.