An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption,...more
It’s already been an epic year for blockchain, and it’s only March. As blockchain technology and digital currency companies are dominating today’s headlines, and more traditional companies get involved, what’s next for this...more
3/17/2021
/ Blockchain ,
Capital Raising ,
Continuing Legal Education ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Currency ,
Entertainment Industry ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Financial Transactions ,
Investment Management ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Startups ,
Tangible Property ,
Tokenization ,
Webinars
Without much fanfare, the Small Business Administration (SBA) has started investigating borrowers of larger Paycheck Protection Program (PPP) loans to obtain information about their business activities. The SBA has asked...more
The Federal Reserve Bank issued new guidance for the Main Street Lending Program (the Program) on May 27, 2020. In addition to an expanded set of Frequently Asked Questions (FAQs), the Federal Reserve posted forms and...more
On May 15, 2020, the Small Business Administration (SBA) published a form of the loan forgiveness application for borrowers of Paycheck Protection Program (PPP) loans under the CARES Act. The application provides instructions...more
On April 30, the Federal Reserve Board, after receiving more than 2,200 letters in response to a request for feedback on its Main Street Lending Program, announced an expansion of the scope of and eligibility for the program....more
On Friday, April 10, the IRS released Notice 2020-23 (the Extension Notice), which extended certain deadlines for federal tax-related obligations that fall on and between April 1 and July 14 of this year. Among the deadlines...more
On April 9, the Federal Reserve took the following actions to provide up to an additional $2.3 trillion in economic aid to support the economy during the coronavirus pandemic...more
Learn How Healthcare Entities Can Access the Federal Loans Available to Support Businesses Through the Financial Challenges of COVID-19—Including the Paycheck Protection Program, Main Street Lending Program and EIDL...more
4/15/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Health Care Providers ,
Healthcare ,
Independent Contractors ,
Lending Programs ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Physicians ,
Relief Measures ,
Small Business ,
Webinars
Bank transaction activity has picked up as small and midsize banks look to adjust their business models to the digital economy. Some fintech companies have chosen to acquire or form their own banks. The clash between the new...more
2/24/2020
/ Acquisitions ,
Banking Sector ,
Blockchain ,
Continuing Legal Education ,
Cryptocurrency ,
Financial Services Industry ,
FinTech ,
Fintech Charter ,
Investment Funds ,
Investors ,
Lenders ,
Libor ,
Mergers ,
Online Marketplace Lending ,
Opportunity Zones ,
Partnerships ,
Popular ,
Regulatory Requirements ,
Syndicated Loans ,
Tax Credits ,
Webinars
On December 19, 2019, after considering hundreds of comments, the U.S. Treasury Department and the Internal Revenue Service issued final opportunity zone (OZ) regulations. The 544 pages of preamble and regulations finalized...more
Taking a break after eight brisk years of regulatory and litigious turbulence, the world of fintech and marketplace lending in 2019 was notable for being more business as usual, or what some might call a “ho hum” year of...more
On April 17, 2019, the Office of Information and Regulatory Affairs proposed a second set of new opportunity zone (OZ) regulations. According to the U.S. Department of the Treasury, if finalized, the rules would make it...more
On December 12, 2018, President Donald Trump signed an executive order establishing the White House Opportunity and Revitalization Council (the Council). The Council is designed to encourage public and private investment in...more