Results 6 to 10 of 63

Main Street Lending Program Expanded Again

USA - June 10 2020 On June 8, the Federal Reserve once again released new term sheets for its Main Street Lending Program, further expanding access for a wider spectrum…

Neil S. Faden, John A. Kimble, Brian S. Korn, Jonathan H. Lemberg, Thomas J. Poletti

Seventh Circuit Denies Stay of Injunction, Potentially Opens PPP Doors for More Small Businesses

USA - June 3 2020 On May 20, 2020, the U.S. Court of Appeals for the Seventh Circuit sided with a lower court which invalidated applying the “Ineligibility Rule” by…

Richard E. Gottlieb, John A. Kimble, Brian S. Korn

OCC Affirms “Valid When Made” Doctrine

USA - June 3 2020 On May 29, 2020, the Office of the Comptroller of the Currency (OCC) issued its final rule affirming the “valid when made” doctrine for national…

Kay Fitz-Patrick, Charles E. Washburn, Jr., Brian S. Korn

Federal Court: SBA’s PPP Ineligibility Rule Is Invalid

USA - May 18 2020 In a significant rebuke of the Small Business Administration (SBA), a Michigan federal district court has rejected the SBA’s attempt to deem a number…

Richard E. Gottlieb, John A. Kimble

California Bill Would Require Mortgage, Auto and PACE Forbearances and Restrict Payday Lending

USA - May 13 2020 Through an amendment to Assembly Bill 2501, California Assembly Banking and Finance Chair Monique Limon has introduced sweeping forbearance…

Jonathan L. Brecher, John A. Kimble, Jan L. Owen