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FinCEN Proposed Rule Would Subject Unhosted Wallets Participating in Virtual Currency Transactions to Enhanced Regulatory Requirements

USA - December 21 2020 On December 18, 2020, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), issued a notice of proposed rulemaking (the…

Christine T. Parker, Herbert F. Kozlov, Jeffrey D. Silberman, Stephen A. Aschettino, Trevor A. Levine.

Congress passes the Paycheck Protection Program Flexibility Act of 2020

USA - June 9 2020 On June 5, 2020, President Trump signed into law a Paycheck Protection Program (PPP) reform bill that was first drafted in the U.S. House of…

Aryeh M. Younger, J. Eric Holland, Robert K. Stalzer, Trevor A. Levine.

SBA releases Paycheck Protection Program PPP Loan Forgiveness Application

USA - May 19 2020 On May 15, 2020, the Small Business Association (SBA) and the U.S. Treasury Department released the Paycheck Protection Program (PPP) loan…

Aryeh M. Younger, Daniel Teplin, J. Eric Holland, Trevor A. Levine.

Paycheck Protection Program (PPP) updates

USA - April 28 2020 On April 24, 2020, President Trump signed into law a nearly $500 billion interim coronavirus bill that included more than $310 billion allocated to…

Aryeh M. Younger, J. Eric Holland, Matthew J. Petersen, Robert K. Stalzer, Trevor A. Levine.

Changes in Bank Regulatory Capital Rules Bolster Paycheck Protection Program

USA - April 15 2020 In solidarity with the national effort to combat the economic challenges of the coronavirus pandemic, the federal banking agencies have issued an…

Jonathan L. Levin.