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Like our clients, Holland & Knight's Financial Services Industry Group is committed to actively contributing to our nation's response to the coronavirus (COVID-19)

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

On March 22, 2020, the United States Office of the Comptroller of the Currency (OCC) announced an interim final rule effective immediately to revise its short-term investment fund (STIF) rule for...

Stites & Harbison, PLLC recently presented a webinar covering the various impacts of COVID-19 on businesses.

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides various types of assistance to small businesses impacted by the novel coronavirus (COVID-19) pandemic.

Authorized by the CARES Act and implemented by the Small Business Association ("SBA") and Treasury, the initial $349 billion round supported 1.6 million loans and was exhausted by April 16.

New FAQ 46 from the SBA provides a "safe harbor" for borrowers of less than $2 million under the Paycheck Protection Program provisions of the CARES Act.

On March 25, 2020, the French Government has - through the French public investment bank BPI - launched a program of State-guaranteed loans ("prêts garantis par l'Etat") in order to help...

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (PPP) to provide eligible entities, including small businesses and not-for-profit (NFP)...

The ARPA does not include federally proposed so-called Mobile Workforce provisions or COVID-19-related liability protections, and most believe those proposals are unlikely to be enacted in 2021.

April 23, 2020 - Implementation of the extensive CARES Act continued this week, with payroll support agreements concluded with major airlines and additional guidance from federal agencies

On May 16, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury published its Paycheck Protection Program (PPP) Loan Forgiveness Application. Additionally, the Treasury Department...

The Consumer Financial Protection Bureau (CFPB) on April 1, 2020, issued a Statement on Supervisory and Enforcement Practices Regarding the Fair Credit ...

As the world enters into lockdown and the economy braces for impact, we plan to publish special REF News and Views alerts with insights into how the market is responding.

The Consolidated Appropriations Act, 2021 (the "CAA"), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020.

Starting around October 26, 2020, the Small Business Administrations (the "SBA") asked some Paycheck Protection Program ("PPP") lenders to provide certain questionnaire...

Does a manufacturing facility need money to rapidly convert its operations to produce critical parts for respirators, or protective gear for health care workers?

The SEC Division of Corporation Finance (the "Division") offered additional guidance to companies on "disclosing the effects and risks of COVID-19."