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Akin Gump Strauss Hauer & Feld LLP

Senate Clears House-Passed PPP Reform Bill, Sends Measure to President Trump’s Desk

- Both chambers of Congress have passed the Paycheck Protection Program Flexibility Act of 2020. The bill now heads to President Trump’s desk for his signature. - The measure extends the Paycheck Protection Program loan...more

Goodwin

U.S. Paycheck Protection Program Loan Modifications: Summary of Key Changes

Goodwin on

Today the President signed into law the “Paycheck Protection Program Flexibility Act of 2020” (H.R. 7010), which makes several substantial modifications to the U.S. Small Business Administration’s Paycheck Protection Program....more

Akin Gump Strauss Hauer & Feld LLP

What's New in Washington - June 2020

The post-Memorial Day summer session has begun in Washington with the House and Senate facing a similar to-do list but with different approaches and philosophies. The main items on the summer agenda include the Phase 4...more

Weiner Brodsky Kider PC

Newsflash: VA Notifies Servicers that COVID-19 is a Reason for Default, Extends Circulars 26-18-5 and 26-18-3, and Publishes...

The Department of Veteran Affairs (VA) just published a VALERI Servicer Newsflash publishing a new Circular allowing COVID-19 as a reason for default, and extending Circulars 26-18-5 and 26-18-3 to April 1, 2022, and...more

Womble Bond Dickinson

PPP Extension & Increased Flexibility: Paycheck Protection Program Flexibility Act of 2020 & Other Updates

Womble Bond Dickinson on

Late in the day on June 3, 2020, after days of dramatic uncertainty about whether certain senators would object, the U.S. Senate approved by unanimous consent the Paycheck Protection Program Flexibility Act of 2020 (H.R....more

Dentons

Liquidity Decree converted into law: the new features of the “Sace guarantee” (in Italian)

Dentons on

Yesterday, June 4, 2020, the Senate definitively approved bill no. 1829 of conversion into law, with modifications, of the decree-law 8 April 2020, n. 23. Among the various changes and additions, we highlight below the most...more

Goodwin

DOL Release May Increase ERISA Defined Contribution Plan Interest in Private Equity Investments

Goodwin on

On June 3, 2020, the U.S. Department of Labor issued an information letter concluding that a plan fiduciary would not violate ERISA’s fiduciary duties solely because the fiduciary offers a professionally managed asset...more

Dentons

Colombia: Changes in the regulation of judicial notifications

Dentons on

The Ministry of Justice and Law issued Resolution No. 806 of June 4, 2020, implementing important changes in the regulation of judicial notifications through electronic means. According to this Decree, every time a lawsuit is...more

Dentons

EU Listing: What is the possible recourse for Mauritius?

Dentons on

On 7 May 2020 the European Commission included Mauritius in its list of identified third-country jurisdictions having strategic deficiencies in their Anti-Money Laundering/Counter Terrorist Financing (AML/CFT) regimes which...more

Proskauer - Employee Benefits & Executive...

One Problem Solved: Notice 2020-42 Provides Temporary Relief for Witnessing Spousal Consents

This afternoon, the Treasury Department issued Notice 2020-42, ending the uncertainty surrounding spousal consents to retirement plan distributions and loans in the socially distanced COVID-19 world. As plan administrators...more

Saul Ewing Arnstein & Lehr LLP

Statutory Revisions to the PPP

This week, the House and the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the Bill), making it easier for borrowers to obtain forgiveness of loans obtained under the Paycheck Protection Program...more

Weiner Brodsky Kider PC

CFPB Extends Comment Period for Proposed Rule on Debt Collection Practices

On May 15, 2020, the CFPB issued a supplemental notice of proposed rulemaking and announced that it is extending the comment period for its proposed rule on debt collection practices. On March 3, 2020, the CFPB previously...more

Akin Gump Strauss Hauer & Feld LLP

SEC Proposes Changes to Rules Governing Integration of Exempt Offerings and General Solicitation

On March 4, 2020, the Securities and Exchange Commission (SEC) published a release entitled “Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets” (the...more

Patterson Belknap Webb & Tyler LLP

Magistrate Judge Finds Data Breach Investigation Report Not Privileged

Last week, a magistrate judge in the Eastern District of Virginia held that a breach report prepared by Mandiant (a digital forensics investigator, among other things) in response to the Capital One data breach was not...more

Weiner Brodsky Kider PC

SBA Issues Temporary Changes to the PPP

On May 22, 2020, the SBA issued its eleventh interim final rule implementing the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This interim rule supplements...more

Nelson Mullins Riley & Scarborough LLP

Congress Passes Legislation Extending PPP Forgiveness Period

Last night the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) that is expected to be signed into law by President Trump today. ...more

White & Case LLP

Amendments to repurchase agreements regulation published by Banco de México (Banxico)

White & Case LLP on

On June 2, 2020, the following Rule, related to repurchase agreements, was published in the Federal Official Gazette: Rule 19/2020. This Rule is addressed to credit institutions, broker dealers, mutual funds, specialized...more

Downey Brand LLP

Senate Passes Paycheck Protection Program Flexibility Act of 2020: What Small Businesses Can Expect

Downey Brand LLP on

In the wake of COVID-19, Congress enacted the Coronvairus Aid, Relief and Economic Security (“CARES”) Act which included the Paycheck Protection Program (“PPP”) designed to help businesses fund payroll and other critical...more

Nelson Mullins Riley & Scarborough LLP

Increase in NSF Fee Litigation

There has been an increase in class action lawsuits against banks and credit unions related to the manner in which non-sufficient funds fees (“NSF fees”) are assessed, including two recent class actions filed in the U.S....more

Holland & Knight LLP

Main Street Lending Program Documentation Provides Guidance for Borrowers, Lenders

Holland & Knight LLP on

In response to the coronavirus (COVID-19) pandemic, the Federal Reserve Board and the U.S. Department of the Treasury have unveiled the Main Street Lending Program (MSLP) — consisting of the Main Street New Loan Facility...more

K&L Gates LLP

COVID-19: The Failing Firm Defense in the Face of the COVID-19 Outbreak

K&L Gates LLP on

As the COVID-19 pandemic causes commercial and financial difficulties, an increasing number of transactions may involve companies in financial difficulty. ...more

Hardin Compliance Consulting LLC

Filing Deadlines and To-Do List for June 2020

INVESTMENT MANAGERS  - GIPS Notification Requirement: Firms opting to comply with the Global Investment Performance Standards (GIPS) must notify the CFA Institute of its claim of compliance on an annual basis. This...more

Ward and Smith, P.A.

New Forgiveness Flexibility for PPP Borrowers

Ward and Smith, P.A. on

On June 3, the United States Senate approved the "Paycheck Protection Program Flexibility Act of 2020" (H.R. 7010). The new law was signed by the President and became effective on June 5. This law amends the CARES Act and...more

K&L Gates LLP

COVID-19: Financial Stability Board Report to the G20 on COVID-19 International Policy Response

K&L Gates LLP on

On 15 April 2020, the Financial Stability Board (FSB) issued a report to the G20 Finance Ministers and Central Bank Governors on International Cooperation and Coordination to address the financial stability implications from...more

Ary Rosenbaum

Plan Symptoms and When It’s Time to Review

Ary Rosenbaum on

As many of you know, I offer a Retirement Plan Tune-Up, a legal review for $750 that reviews the documentation, administration, costs, and the fiduciary process of a retirement plan....more

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Updated: May 25, 2018:

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Information for EU and Swiss Residents

JD Supra's principal place of business is in the United States. By subscribing to our website, you expressly consent to your information being processed in the United States.

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Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

You can also manage your profile and subscriptions through our Privacy Center under the "My Account" dashboard.

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Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

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Changes in Our Privacy Policy

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Contacting JD Supra

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

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