Seventh Circuit Warns Banks: Ignore Red Flags At Your Own Peril

    View Authors February 2016

    A recent decision from the Seventh Circuit Court of Appeals highlights the risks a bank takes when it ignores a borrower’s red flags and fails to investigate.  As discussed in this alert, the results of the bank’s inaction can lead to the bank losing its security or worse.  The Court’s decision should be required reading for all lenders.