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Banking And Finance Law Lawyers In Bloomfield Hills Michigan

Bloomfield Hills is a city in Oakland County of the U.S. state of Michigan, 20.2 miles (32.5 km) northwest of downtown Detroit. As of the 2000 census, the city population was 3,940. Bloomfield Hills consistently ranks as one of the top five wealthiest cities in the United States with population between 2,500 to 9,999 — it currently is listed at the number four position and in 1990 it was ranked number two, and has the highest income of any city outside of California or Florida. The median income for a family is over $200,000. 49% of homes in Bloomfield Hills have a value of over $1,000,000.

What is banking and finance law?

Banking & Finance Law involves individuals and businesses in transactions with federal and state-chartered financial institutions -- including issues related to bank accounts, negotiable instruments, loans, interest rates, regulatory compliance, taxes, and more. Banking and finance law applies to those individuals and institutions that lend or borrow money. Lenders typically include banks, leasing companies, finance companies and other financial institutions. Borrowers are individuals, corporations, institutions or the government.