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U.S. District Court Judge Richard Stearns issued an order on May 6, 2020, finding that the two primary features of the Massachusetts Attorney General's COVID-19 debt collection regulation

In the face of the COVID-19 outbreak, groups ranging from small neighborhood projects to large national initiatives are mobilizing quickly to help.

Significantly the Emergency Regulation applies only to residential (not commercial) mortgage loans.

On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law, appropriating $75 billion for hospitals and other eligible health care providers for...

Small businesses with no more than 500 employees may take advantage of expanded eligibility criteria for the Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans.

Virtually every consumer-facing business has been impacted by shelter-in-place orders, supply chain issues, or new uses for products in a socially distanced society. Many are making headway in adapting to the "new normal"...

The recently enacted Families First Coronavirus Response Act and CARES Act cover topics of interest to employers, including expanded paid leave, payroll retention tax credits, payroll tax deferral and unemployment insurance.

Financial assurance (FA) requirements are a common feature of many environmental programs. Parties remediating contaminated sites, or engaging in certain operations involving hazardous substances...

The world is going digital and equipment lease transactions are no exception. Today, business is increasingly conducted online, and the necessity to do so has only been amplified with the COVID-19

The Federal Reserve Bank of New York ("NY Fed") published additional guidance for the Primary Market Corporate Credit Facility ("PMCCF") and the Secondary Market Corporate Credit Facility ("SMCCF"...

The US Small Business Administration has extended the safe harbor period for PPP loan return until May 14, 2020, stated that it will provide further guidance regarding the PPP necessity certification.

On August 3, 2020, the U.S. Internal Revenue Service (IRS) posted a set of frequently asked questions (FAQs) regarding the tax treatment of leave-sharing plans maintained by an employer...

On April 13, 2020, the IRS released Revenue Procedure 2020-26 that provides guidance with respect to certain forbearances and related modifications of mortgages as a result of the COVID-19 pandemic.

On August 10, 2021, the CFPB's Office of Supervision Policy published a report titled Mortgage Servicing COVID-19 Pandemic Response Metrics: Observations from Data Reported by Sixteen Servicers ("Servicing Metrics Report").

As much of the world shelters in place, nearly every client conversation we have with our venture capital fund clients comes.. around to some version of the questions

SBA Issues Interim Final Rule and FAQs for PPP Loans

On April 23, 2020, the IRS issued FAQs regarding "COVID-19 Relief for Estate and Gift" in response to issues raised by the extension of time granted to taxpayers to fulfill their estate,...

Cleary Gottlieb associates Rachel Shapiro and Daniel Binette authored the blog post, "Appealing Loan Forgiveness Decisions under the Paycheck Protection Program,"