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Utilizing Tax Refunds Available to Commercial Borrowers Under the CARES Act

USA - April 27 2020 The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") provides banks, like other taxable entities, with an opportunity to take…

Caitlin A. Sawyer, Thomas W. Ford, Jr., Alexander G. McGeoch

Appraisals during COVID-19

USA - April 22 2020 In light of COVID-19, financial institutions have had difficulties obtaining appraisals for additional extensions of credit or changes to existing…

Carleton Goss

SBA April 2, 2020 Mostly Final Rule on the Paycheck Protection Program

USA - April 15 2020 The US Small Business Administration ("SBA") released an immediately effective interim final rule (the "Rule") on the "Paycheck Protection Program"…

Patrick Boot, Dean Elazab, Peter G. Weinstock

SBA announces terms of paycheck protection program

USA - April 2 2020 On March 27, 2020, the President signed into law an amended version of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES…

Kevin J. Cosgrove, Dean Elazab, Peter G. Weinstock, Emma Weiss

Will the FDIC revive the temporary liquidity guarantee program under the cares act?

USA - March 31 2020 Will the FDIC Revive the Temporary Liquidity Guarantee Program Under The CARES Act? Introduction On March 27, the President signed into law the…

Patrick Boot, Brian R. Marek