Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 19 MARCH 2009

Federal Reserve Modifies TALF Terms; Extends Subscription

Proskauer Rose LLP
Proskauer Rose LLP
Contributor
Proskauer Rose LLP

Proskauer Rose LLP

Firm Overview Proskauer is an elite global law firm with more than 900 lawyers across key financial...

View firm profile
Explore more from Proskauer Rose LLP

On March 13, 2009, the Federal Reserve Bank of New York (“New York Fed”) extended the first application deadline for subscriptions to the Term Asset-Backed Securities Loan Facility (TALF) to Thursday, March 19, 2009 at 5 p.m. ET.

United StatesStrategy
Proskauer'S Crisis Response Practice Group
Proskauer'S Crisis Response Practice Group
Author LinkedIn connections

Deadline for Subscription Applications Extended Through March 19, 2009. On March 13, 2009, the Federal Reserve Bank of New York ("New York Fed") extended the first application deadline for subscriptions to the Term Asset-Backed Securities Loan Facility (TALF) to Thursday, March 19, 2009 at 5 p.m. ET. The New York Fed began accepting subscription applications on March 17, 2009. The extension was requested by market participants to allow borrowers more time to complete the required documentation. Lending rates on TALF loans will be set on March 19, 2009 at 8 a.m. ET and the settlement date remains March 25, 2009. The dates for the April subscription and settlement remain unchanged.

For prior TALF client alerts please see:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

The Colorado AI Law You Prepared For Is Gone, And The Rulemaking Comment Window Closes October 26

If your Colorado compliance program is built around impact assessments, it is built for a statute that will never take effect. Senate Bill 24-205, the first comprehensive state AI statute in the country, was scheduled to take effect June 30, 2026. Colorado instead repealed and replaced it with Senate Bill 26-189, signed May 14, 2026, whose principal requirements apply to consequential decisions made on or after January 1, 2027.
United StatesStrategy
Jones Walker LLP
Jones Walker LLP
Article

White House Announces AI Responsibility Accord, Executive Orders, And Super Intelligence Task Force

The Trump Administration has introduced a voluntary regulatory framework for artificial intelligence through the White House Accord on Super Intelligence, signed by six leading tech companies. This new approach emphasizes corporate self-policing with safety audits and board oversight, while simultaneously rebranding government AI terminology and establishing a new interagency coordination force. How will this light-touch regulatory strategy balance innovation with mounting safety concerns as AI capabilities
United StatesStrategy
Crowell & Moring LLP
Crowell & Moring LLP
Article

The Protect College Sports Act Clears The Senate: What Stakeholders Need To Know

The U.S. Senate has passed the Protect College Sports Act by a 77-22 vote, marking the first time Congress has approved comprehensive federal legislation governing college athletics. This sweeping bill establishes a uniform NIL framework, locks in the House v. NCAA revenue-sharing model with caps and retention funds, grants limited antitrust exemptions, and imposes new transfer restrictions, health mandates, and reporting requirements.
United StatesStrategy
Duane Morris LLP
Duane Morris LLP
Article

California SB 574 Would Bar Attorneys From Delegating The Practice Of Law To Generative AI

California Senate Bill 574 proposes a groundbreaking statutory framework that would prohibit attorneys from delegating legal practice to generative artificial intelligence, while imposing disclosure requirements and verification standards across litigation, arbitration, and court filings. The legislation raises fundamental questions about how traditional definitions of "the practice of law" apply to AI-augmented legal work, from document review to contract analysis. If signed by Governor Newsom, California
United StatesStrategy
A&O Shearman
A&O Shearman
Article

Contract Lifecycle Management And Why Legal Teams Need It

Contract lifecycle management has become the most widely adopted legal technology tool in corporate legal departments, addressing fundamental challenges around contract visibility, workflow automation, and risk management. Legal operations expert Jeff Reisner breaks down the CLM landscape, implementation considerations, and why this technology has emerged as the foundational piece most legal teams tackle first when modernizing their operations.
United StatesStrategy
Axiom
Axiom
Article

Ankura CTIX FLASH Update – September 22, 2026

This collection of insights from Ankura explores critical challenges facing multiple industries in 2026, from cybersecurity threats targeting AI assistants to the evolving landscape of freight capacity, cryptocurrency enforcement, and healthcare compliance. The articles examine how organizations navigate regulatory complexity, operational constraints, and emerging risks across financial services, logistics, healthcare, and technology sectors.
United StatesStrategy
Ankura Consulting Group LLC
Ankura Consulting Group LLC
Article

SEC Advances “Responsible Retailization” Through A Potential Accredited Investor Exam And Potential Regulated Fund Reforms

On September 30, 2026, the Securities and Exchange Commission (SEC) issued two rule proposals and five notices aimed at expanding investors’ access to private markets. The package would add ways to qualify as an accredited investor, including passing a new exam administered by the Financial Industry Regulatory Authority (FINRA), broaden performance-based compensation and modernize regulated funds, including interval funds and business development companies (BDCs).
United StatesFinance and Banking
Proskauer Rose LLP
Proskauer Rose LLP
Article

CFTC Moves To Reinforce Federal Authority Over Event Contracts As New Jersey Seeks Supreme Court Review

The CFTC has proposed classifying event contracts as swaps while excluding traditional casino-style gambling products, directly responding to ongoing federal-state disputes over prediction markets and sports betting jurisdiction. These regulatory actions seek to clarify the agency's authority over event contracts amid conflicting appellate court decisions and pending Supreme Court review.
United StatesFinance and Banking
Proskauer Rose LLP
Proskauer Rose LLP
Article

DOL Pulls The Plug On Plan To Move FLSA Interpretations Out Of The CFR

The U.S. Department of Labor's Wage and Hour Division has withdrawn its controversial proposal to remove nine parts of longstanding Fair Labor Standards Act interpretive guidance from the Code of Federal Regulations. What does this reversal mean for employers who have relied on these decades-old interpretations, and how does the Supreme Court's Loper Bright decision reshape the legal weight of agency guidance going forward?
United StatesEmployment and HR
Proskauer Rose LLP
Proskauer Rose LLP
Article

Parliament’s Position On SFDR 2.0

The European Parliament's Committee on Economic and Monetary Affairs has adopted its position on the Sustainable Finance Disclosure Regulation reform, establishing key divergences with the European Commission and Council on professional investor exemptions and fossil fuel investment criteria. With trilogue negotiations set to begin in October 2026, private markets managers face critical decisions about how to position their funds under the new three-category framework expected to take effect in early 2029.
United KingdomCorporate/Commercial Law
Proskauer Rose LLP
Proskauer Rose LLP
Article

New York Employers May Soon Face New Separation Agreement Procedural Requirements

New York State Legislature has passed a bill that would require employers to provide employees with a minimum 21-day review period and 7-day revocation window for separation agreements involving the release of claims. The proposed "No Severance Ultimatums Act" extends procedural protections similar to those under federal age discrimination law to all covered severance agreements, regardless of employee age, and awaits Governor Hochul's signature.
United StatesEmployment and HR
Proskauer Rose LLP
Proskauer Rose LLP
Article

New York State Mandates Employee Access To Personnel Records

New York has enacted legislation granting private and public sector employees unprecedented access to their personnel records, including the right to review, dispute, and potentially correct negative information that could impact their employment status. The law, which takes effect in November 2026, establishes strict timelines for employer notification and record access while providing enforcement mechanisms through the State Attorney General.
United StatesEmployment and HR
Proskauer Rose LLP
Proskauer Rose LLP