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Federal Reserve Expands Main Street Lending Program

USA - June 10 2020 On June 8, 2020, the Board of Governors of the Federal Reserve System ("Federal Reserve") announced the expansion of the Main Street Lending Program…

Kristen Q. Lin

Main Street Lending Program: Boston Fed Releases Additional Information for Potential Borrowers

USA - June 4 2020 On May 27, 2020, the Federal Reserve Bank of Boston (“Boston Fed”) released loan documentation and additional guidance for eligible borrowers and…

Kristen Q. Lin, Nicholas A. Wilson

OCC Finalizes Rule to Undo Second Circuit Ruling in Madden v. Midland Funding LLC

USA - May 29 2020 On May 29, 2020, the Office of the Comptroller of the Currency ("OCC") finalized a rule[1] to clarify that when a National Bank or a federal or state…

Nicholas A. Wilson

TALF 2.0: Private Investment Funds as Eligible Borrowers

USA - May 13 2020 On May 12, 2020, the Federal Reserve Bank of New York (“New York Fed”) announced additional information and details regarding borrower and collateral…

David Zev Rosenberg, Craig Stein

Businesses with up to 15,000 Employees or $5 Billion in Revenue: Federal Reserve Expands Scope and Eligibility for Main Street Lending Program

USA - May 1 2020 On April 30, 2020, after soliciting and receiving public feedback, the Board of Governors of the Federal Reserve System (“Federal Reserve”) announced…

Kristen Q. Lin, Jessica Romano