On May 13, 2024, President Biden issued an order (the “Order”) prohibiting the purchase and requiring the divestment of certain real estate operated as a cryptocurrency mining facility located within one mile of Francis E....more
In Robinson v. National Collegiate Student Loan Trust 2006-2, the U.S. District Court for the District of Massachusetts accepted the validity of the “valid when made” doctrine. The District Court’s acceptance is noteworthy...more
On January 5, 2021, the Attorneys General of New York, California, Colorado, the District of Columbia, Massachusetts, Minnesota, New Jersey and North Carolina (collectively, the “States”) sued the Office of the Comptroller of...more
On October 30, 2020, the Office of the Comptroller of the Currency (the “OCC”) published its final rule (the “Rule”) that establishes when a national bank or federal savings association makes a loan and is the “true...more
On June 25, 2020, the Federal Deposit Insurance Corporation (the “FDIC”) issued its final rule (the “FDIC Rule”) clarifying that an assignee of a state-chartered bank or insured branch of a foreign bank (a “state bank”) has...more
On June 8, 2020, the Federal Reserve announced that it is expanding the Main Street Lending Program (the “Program”) to allow more businesses to participate and to provide greater flexibility to borrowers in repaying loans...more
On May 27, 2020, the Federal Reserve Bank of Boston (the “Boston FRB”), which will administer the Federal Reserve’s Main Street Lending Program (the “Program”), released updates to the Federal Reserve’s Frequently Asked...more
On May 27, 2020, the Federal Reserve Bank of Boston (the “Boston FRB”), the entity that will administer the Federal Reserve’s Main Street Lending Program (the “Program”), released additional details of the Program, most...more
On June 2, 2020, the Office of the Comptroller of the Currency (the “OCC”) published its final rule (the “Rule”), clarifying that an assignee of a national bank has the right to collect interest at the same rate as the...more
The Federal Reserve Bank of Boston (the “Boston FRB”), which will oversee the administration of the Federal Reserve’s Main Street Lending Program (the “Program”), has released updates to the Federal Reserve’s Frequently Asked...more
On May 21, 2020, the Treasury Department published a Proposed Rule that would alter the Committee on Foreign Investment in the United States (“CFIUS”) regulations at 31 C.F.R. Part 800 in two important respects. First, the...more
On April 30, 2020, the Federal Reserve released updated details of the Main Street Lending Program (the “Program”) in response to substantial input from market participants, industry groups and other stakeholders on the...more
In August 2018, President Trump signed into law the Foreign Investment Risk Review Modernization Act (“FIRRMA”), which substantially expanded the power of the Committee on Foreign Investment in the United States (“CFIUS” or...more
On April 30, 2020, the Federal Reserve released updated details with respect to the Main Street Lending Program (the “Program”) in response to input from market participants, industry groups and other stakeholders on the...more
Businesses in various industries, particularly healthcare, are considering ways to work together in responding to the crisis caused by COVID-19 in the United States. Although cooperative efforts among competitors merit...more
On April 4, 2020, President Trump signed Executive Order 13913 (the “Order”), providing a formal structure to the controversial “Team Telecom,” and clarifying matters related to foreign investment in the telecommunications...more
On April 9, 2020, the Federal Reserve and the Secretary of the Treasury announced, pursuant to Title IV of the Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act” and Section 13(3) of the Federal Reserve Act,...more
The coronavirus outbreak has hindered many operations of the federal government, including the US review of mergers and acquisitions for potential national security threats. Due to a work-at-home work force and scarce...more
On March 23, 2020, Governor Charlie Baker issued a state-wide directive limiting gatherings in the Commonwealth to no more than 10 people and ordering the temporary closure of all physical locations of businesses that do not...more
On September 24, 2019, the U.S. Department of the Treasury (“Treasury”) proposed regulations to expand considerably the scope of transactions subject to review by the Committee on Foreign Investment in the United States...more
On April 12, 2019, the Committee on Foreign Investment in the United States (“CFIUS”) posted a notice on its resources website page with little fanfare announcing the imposition of a civil fine on an unnamed party for...more
On October 11, 2018, the Music Modernization Act (“MMA”) was signed into law. A product of unanimous, bipartisan support in both houses, the MMA, as its name suggests, reflects the efforts of Congress to modernize the legal...more