News

Franklin Drake certified by CUNA as a Bank Secrecy Act Compliance Specialist

April 24, 2009

Franklin Drake has recently become a Bank Secrecy Act Compliance Specialist as certified upon examination by the Credit Union National Association (“CUNA”). Mr. Drake concentrates his practice in the areas of creditors’ rights, creditors’ bankruptcy, and commercial litigation. He has worked with credit unions, banking and financial institutions, consumer and commercial lenders, and student loan agencies to enforce contracts, minimize losses, and fight fraud. As federal regulatory compliance has become increasingly complex, he also assists lenders with difficult compliance issues.

Mr. Drake has more than 27 years of legal experience. He was first admitted to practice law in Kentucky in 1978. Since then he has been admitted to practice in North Carolina and West Virginia. In Kentucky he was active in drafting statutory law on judgments and garnishments, the design and use of that state’s judgment execution forms, and policies and procedures concerning foreign judgment registration and land records docketing.

Mr. Drake has taught classes on bankruptcy and commercial law for the Indiana Bankers Association at Butler University, the National Association of State-Chartered Credit Union Supervisors and various states’ Credit Union Leagues. He also served as speaker for several student loan lending agencies, credit unions, and state and local bar associations. Additionally, he has held compliance seminars for his clients to update them on the ever-changing creditors laws.

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