The laws involving banking are extensive and complex, often confusing even to people closely involved with the industry. In legal disputes involving bank personnel, clients, and other parties, the resolution often requires the expertise of banking experts not involved in the dispute.
Banking expert witnessess may be called upon to assist with cases simple to complex, from lending disputes with a bank customer to major conflicts involving banking management from different institutions. Disputes may be contractual, with parties interpreting contents of a document differently, or involve actions taken by clients or lenders that are viewed alleged as detrimental to one. In all cases, the testimony of a highly qualified banking expert witness may well be the deciding factor in determining which party is successful.
Modern financial banking practices have been challenged recently, especially where mortgages are involved. Lenders and borrowers alike have challenged the actions of the other parties involved. Lenders have been accused of predatory practices, but borrowers have also been suspected of exaggerating incomes or assets when applying for mortgages. In each type of situation, banking experts have been called on to assist in determining which party should be held accountable.
Commercial banking practices, internal bank policies, truth in lending, and inaccurate financial statements are only a few of the potential areas where conflicts can, arise. Assessing who acted in good faith who did not can be extremely difficult, and attorneys representing any party in an action routinely need expert witnesses to assist.
Attorneys should seek advice from banking expert witnessess immediately, as determining a course of action quickly often makes a difference in the case’s outcome. Carefully screened banking expert witnesses, with the appropriate background are available from ForensisGroup. Submit an expert request form or contact ForensisGroup today.