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On April 30, the Federal Reserve Board announced it is expanding the scope and eligibility for the Main Street Lending Program in order to further help credit flow to small and medium-sized

On October, 1, 2020, the U.S. Department of Health and Human Services (HHS) announced the availability of an additional $20 billion in relief funding for providers ...

Today, a federal judge in Maryland denied an emergency motion seeking to block Bank of America from applying eligibility restrictions to its lending under the $349 billion Paycheck Protection Program ("PPP").

The New Jersey Economic Development Authority (EDA) has announced that it will provide an additional $50 million in grants to small businesses that have been adversely...

Against a backdrop of considerable anxiety in the business community regarding many aspects of the Paycheck Protection Program ("PPP"), the U.S. Small Business Administration ("SBA") today issued its promised guidance.

On June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010) was enacted. The law gives employers more time and flexibility to use their PPP loans while still receiving loan...

Over the past two weeks, both the state and New York City have taken a number of actions designed to address mounting concerns around the emergence of the omicron coronavirus variant, and case load surges more broadly.

The Securities and Exchange Commission recently announced the formation of a COVID-19 Market Monitoring Group.

The CARES Act provides relief for the widespread economic hardship caused by the coronavirus ("COVID-19"). Along with several changes to Chapter 11 reorganizations of small business debtors

On March 23, 2020, the Federal Reserve announced several new measures aimed at confronting the economic fallout from the COVID-19 pandemic and keeping credit markets functioning.

On June 15, 2020, we advised you about the recently announced Tennessee Business Relief Program ("TBRP") in which $200 Million will be distributed to small businesses that have suffered losses...

Late today, the SBA issued a new Frequently Asked Question (FAQ) related to the "good faith" certification required of applicants to the Paycheck Protection Program (PPP).

With a slowdown in capital markets activity and sharply decreased economic activity, the pressures on borrowers are only going to increase in the near term.

On Monday, March 23, 2020, in response to the evolving economic crisis created by the COVID-19 pandemic, U.S. Treasury and the Federal Reserve authorized the establishment of two new facilities to support credit ...

The U.S. Department of Veterans Affairs (VA) on June 3 updated guidance regarding home retention options and alternatives to foreclosure for borrowers experiencing financial hardships due to COVID-19.

This Legal Update provides further detail.

In a joint statement, the Chair of the Securities and Exchange Commission, Jay Clayton, and the Director of the SEC's Division of Corporation Finance,...

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19)