Reflecting its determination to monitor the crypto markets, the Security and Exchange Commission has renamed the Cyber Unit the “Crypto Assets and Cyber Unit” and is nearly doubling its size from 30 to 50 members, according...more
In late January 2022, the Federal Reserve released “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” its much-anticipated discussion paper on central bank digital currencies (CBDCs). In the paper,...more
On November 1, 2021, the President’s Working Group on Financial Markets (PWG), along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies)...more
The Main Street Lending Program (MSLP) is scheduled to terminate on Dec. 31, 2020. The Federal Reserve recently issued additional guidance in anticipation of winding down the program....more
The Federal Reserve recently adjusted the terms of the Main Street Lending Program (MSLP) to better target support to smaller businesses....more
The Federal Reserve recently expanded access to the Main Street Lending Program (MSLP) by fully opening the program to nonprofit organizations (NPOs) and accepting submissions of multiborrower loans. The Federal Reserve also...more
The Federal Reserve recently extended the Main Street Lending Program (MSLP) through the end of 2020 and expanded eligibility for nonprofit organizations (NPOs).
The Federal Reserve established the MSLP to support lending...more
On July 15, 2020, the Federal Reserve released updated guidance for the Main Street Lending Program (MSLP). That updated guidance further modifies or clarifies certain requirements of the program, following its launch on July...more
On July 6, 2020, the Federal Reserve Bank of Boston announced that it is now ready to purchase 95 percent participations in eligible loans submitted by registered lenders under the Main Street Lending Program (MSLP)....more
On June 8, 2020, the Federal Reserve released updated term sheets and guidance for the Main Street Lending Program (MSLP).
The MSLP is designed to provide support to small and medium-sized businesses and their employees...more
On May 27, 2020, the Federal Reserve Bank of Boston released updated guidance and new documents for the Main Street Lending Program (MSLP).
The MSLP is designed to provide support to small and medium-sized businesses and...more
In an April 30, 2020, press release, the Federal Reserve announced changes to the previously announced Main Street Lending Program, including the following:
creating a third facility, the Main Street Priority Loan Facility...more
On April 9, 2020, the Treasury Department and the Federal Reserve each issued a press release (Treasury release and Federal Reserve release) providing additional details about the two new Main Street Lending programs...more
McGuireWoods is monitoring the evolving availability of government-sponsored emergency loan programs for U.S. businesses suffering losses from the COVID-19 pandemic. Potential sources include federal programs available from...more
McGuireWoods is monitoring the evolving availability of government-sponsored emergency loan programs for U.S. businesses suffering losses from the COVID-19 pandemic. Potential sources include federal programs available from...more
On Oct. 2-3, McGuireWoods hosted its second annual Independent Sponsor Conference in Dallas, attended by more than 600 independent sponsors and capital providers from more than 35 U.S. states and Canada. ...more
For many businesses, a domain name is among its most valuable assets. Lenders routinely seek to use domain names as collateral. However, perfecting a security interest in a domain name is only the first step because...more