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.   More information more

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