News Updates

Conference of Chief Justices and State Court Administrators Adopt Resolution in Support of Increased federal funding for the Legal Services Corporation.

August 2009

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May 20, 2009

FDIC Deposit Insurance Coverage Reminder

Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through Dec. 31, 2013. On Jan. 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the Oct. 3, 2008, changes.)

The extension announced on May 20, 2009, does not apply to the Transaction Account Guarantee Program. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through Dec. 31, 2009.  This means that as of Jan. 1, 2010, funds held in IOLTA accounts, as well as those held in non-interest bearing transaction accounts, will be treated the same as the  funds held in all other FDIC insured accounts: each depositor's total funds held in the financial institution will be insured up to a total of $250,000.

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State Bar and Local Bars Adopt Resolutions Supporting Funding for Legal Aid

State Bar of Texas, April 1, 2009

Austin Bar Association, April 29, 2009

Cameron County Bar Association, April 20, 2009

Dallas Bar Association, March 19, 2009

El Paso Bar Association, March 23, 2009

Houston Bar Association, March 23, 2009

Lubbock County Bar Association, March 9, 2009

San Antonio Bar Association, April 14, 2009

Smith County Bar Association, March 20, 2009 

Texarkana Bar Association , May 12, 2009 

Texas Young Lawyers Association , May 2, 2009 

 

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Jan. 19, 2009

"Interest Rate Drop Has Dire Results for Legal Aid", New York Times

 Jan. 13, 2009
 
Texas Supreme Court Orders Changes to IOLTA Rule Calculation Court Orders New Calculation for IOLTA Accounts

Jan. 2, 2009

Opinion by Justice O'Neill in San Antonio Express-News "Legal aid is crucial to a fair system"

Dec. 23, 2008

NPR Marketplace features Texas in "Legal aid funding on the decline"

Free Online Legal Help Now Available for Hurricane Ike Victims

Nov. 21, 2008
Texas Supreme Court Requires Attorneys to Place IOLTA Accounts at Eligible Banks

On Nov. 21, 2008, the FDIC extended its unlimited protection of non-interest bearing accounts under the Temporary Liquidity Guarantee Program (TLGP) to include Interest on Lawyers’ Trust Accounts (IOLTA).  An individual client's funds deposited in IOLTA accounts are fully insured regardless of the amount.  This provision took place immediately and is valid through December 31, 2009. 

As long as your account is at a bank that has opted-in to this program, you no longer have to worry about whether IOLTA account balances will be insured, nor do you need to worry about establishing IOLTA accounts at several different financial institutions. The entire balance in your IOLTA account will be insured by the FDIC under the TLGP.  You may leave your IOLTA account as is and be assured that the interest earned will continue to fund legal aid for low-income Texans. 

The December 2008 Texas Bar Journal included an article on "Client Trust Accounts and the Financial Crisis" that went to press before this November ruling by the FDIC.    You may refer to the FDIC’s web site http://www.fdic.gov/regulations/resources/TLGP/faq.html for more information

 

Recent News

 

July 20, 2010

Texas Rep. Pete P. Gallego Honored with Texas Access to Justice Legislative Hero Award

June 30, 2010

New booklet "A Lawyer's Guide to Client Trust Accounts" created by Office of Chief Disciplinary Counsel helps address common questions.

May 11, 2010

Tyler Banks Recognized for Supporting Legal Services to the Poor

May 5, 2010

Texas Access to Justice Commission Raises Funds for Legal Services for Veterans

Apr. 27, 2010

League of Women Voters of Texas Receives Star of Justice Award for Access to Justice Efforts

Apr. 19, 2010

Access to Justice Commission Hosts Gala Benefiting Legal Services for Veterans

Apr. 13, 2010

"Going it Alone" an article on self-represented litigants on TexasTribune.org

Apr. 8, 2010

A blog post on Dallas Morning News about the Forum on self-represented litigants

Apr. 5, 2010

An op-ed by Chief Justice Jefferson & Commission Chair Reasoner on self-represented litigants appears in the Dallas Morning News, Fort Worth Star-Telegram and Houston Chronicle

Mar. 30, 2010

First Texas Forum on Self-Represented Litigants and the Courts to be held April 8-9 in Dallas

Mar. 12, 2010

Chief Justice Jefferson names Justice Hecht as new Foundation liaison

 

More news

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