Financial institutions provide the substance of IOLTA. |  |
Contingent on interest rates, IOLTA (Interest on Lawyers Trust Accounts) funds help sustain providers of invaluable legal services such as helping people combat discrimination, resolve disability claims, become independent from an abusive partner, and much more.
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Petition for E-Banking rules filed: Facilitating electronic banking in lawyer trust accounts and fiduciary accounts On December 17, 2014, the Wisconsin Office of Lawyer Regulation filed a petition seeking the amendment of several Wisconsin Supreme Court Rules to facilitate electronic banking in lawyer trust accounts and fiduciary accounts. The Petition, which follows over two years of work by the Committee on E-Banking, includes a proposed re-creation of the trust account rule (SCR 20:1. more |
| Credit Union Share Insurance now covers IOLTAs Credit Union Share Insurance now covers IOLTAs: On December 18, 2014, President Obama signed the Credit Union Share Insurance Fund Parity Act, which provides insurance coverage, comparable to FDIC insurance coverage, for funds held in IOLTA accounts at federally insured credit unions.
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| IOLTA participating institutions serve a worthwhile cause. Nationwide, over 5,500 financial institutions participate in IOLTA by maintaining IOLTA accounts. The legal profession values this worthwhile partnership with the banking community. In 2011, Wisconsin''s Prime Partners and other IOLTA-participating institutions funded 15 agencies providing civil legal services to individuals and families in need. more |
| Financial institutions Financial institutions provide the substance of the IOLTA program. The commitment of banks, credit unions and savings & loans to the communities they serve is reflected in their participation in IOLTA. The interest that is earned on attorney IOLTA accounts is helping our friends and neighbors across Wisconsin. more |
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| | D O N A T E | | | UPCOMING MEETINGS & EVENTS | | | WHAT'S NEW | More... | | PRIME PARTNER SPOTLIGHT |
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A Prime Partner member of the Wisconsin IOLTA program since 2018, Wells Fargo, strives to be the most admired community bank in the State of Wisconsin. Wells Fargo goes above and beyond IOLTA participation requirements by paying additional interest on its clients' IOLTA accounts - helping to expand access to civil legal services in Wisconsin.
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