Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.
Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.
On February 23, 2011, several federal agencies, including the Department of the Treasury, the Social Security Administration, the Department of Veterans Affairs, the Railroad Retirement Board, and the Office of Personnel Management, jointly issued an Interim Final Rule to protect certain federal benefit payments from garnishment actions. These rules were effective May 1, 2011 and supersede state laws pertaining to garnishments. The rules impact how financial institutions process such actions.
This webinar will be especially helpful for compliance officers, legal counsel and financial institution personnel who process garnishment answers.