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FINRA staff offered reassurances and recommendations for investors as the Coronavirus continues to spread and market volatility increases.

Federal Reserve Board Governor Lael Brainard called attention to the fragilities in the financial system that were made evident by the COVID-19 pandemic.

The House of Representatives introduced the HEROES Act on Tuesday, May 12, formally kicking off the process to pass the fifth major piece of federal legislation to support the American economy...

Like much of the world, residents in the Kingdom of Saudi Arabia currently live under social distancing measures and government lockdowns. As a result, many businesses, particularly in the retail...

In Mortgagee Letter 2020-40, the U.S. Department of Housing and Urban Development (HUD) extended the effective date for certain guidance related to the COVID-19 national emergency from...

Three industry trade associations sent a letter dated December 17, 2020, to federal agencies, Fannie Mae, and Freddie Mac seeking guidance on the CARES Act concept of the covered period...

The IRS published Notice 2020-58 on 7-30-20 to provide additional COVID-19 relief to taxpayers in satisfying the "substantial rehabilitation" test for the historic tax credit (HTC).

The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act" or the "Act")—which provides for the distribution of over $2 trillion in forgivable and low-interest loans to qualifying...

Once the President declared the COVID-19 pandemic a national emergency on March 13, 2020, in addition to opening access to billions of federal dollars, it also allowed employersto offer financial...

Governor Andrew Cuomo and Attorney General Letitia James announced on Tuesday that a 30-day freeze on collections ...

n this podcast, Ashley Cuttino and Burt Garland discuss the August 3, 2020, decision by the U.S. District Court for the Southern District of New York that struck down portions...

This week the Small Business Administration issued guidance regarding how to calculate the maximum first and second draw loans available to a business under the Paycheck Protection Program.

We've compiled a checklist to maintain your compliance with the program's conditions and reduce the risk of audit issues, government investigations and potential civil liability.

On Saturday, July 4, 2020, following a surprise vote by the U.S. Senate earlier in the week and quick passage in the House of Representatives, a bill extending the Paycheck Protection Program ("PPP")...

The CARES Act had provided that the deferral was not available to an employer that had indebtedness forgiven under the CARES Act's Paycheck Protection Program (PPP).

As we wrote about in a client alert on May 4, the SBA recently issued guidance to PPP loan borrowers (FAQ 31) about the required certification that the loan is necessary to support ongoing operations.

Under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) that was part of the Consolidated Appropriation Act, 2021, ...