Committee unanimously approves updating bank subpoena rules to allow electronic records and clarify treatment of deceased customers House Bill 1523 clarifies that banks need not attempt to notify deceased customers or their heirs before complying with subpoenas and modernizes record delivery to allow electronic transfer; it passed the Commerce Committee 23-0 and advances to calendar and rules.

Tennessee's House Bill 1523 is set to revolutionize bank subpoena procedures by eliminating the need to notify deceased customers, making way for a more efficient, electronic record process.

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#TN #LegalReform #DigitalTransformation #CitizenPortal #FinancialPractices

“Escape Pod:” Fraudster Bill Hwang’s Foundation Hired Co-Defendant, Paid Enormous Salaries | Inside Philanthropy Now convicted, the hedge fund founder more than doubled the size of his foundation the year his family office collapsed, hiring many former employees at salaries way above industry peers.

Bill Hwang’s foundation faces scrutiny for hiring a co-defendant and paying enormous salaries.
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#MichaelKavate reports:
#Transparency #Ethics #BillHwang #SocialImpact #Accountability #FinancialPractices #CharitableResources #Oversight #Philanthropy