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Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Kramer Levin Naftalis & Frankel LLP

Kirschner v. JPMorgan Chase Holds that Syndicated Bank Loans Are Not Securities

On May 22, Judge Gardephe granted a motion to dismiss in Kirschner v. JPMorgan Chase Bank, N.A., a case that, among other things, considered whether the origination and distribution of a syndicated bank loan is subject to...more

Weiner Brodsky Kider PC

Fannie Mae Updates Guidance to Lenders Regarding Origination and Appraisals During COVID-19 Crisis

On May 5, 2020, and May 19, 2020, Fannie Mae updated guidance it previously provided in lender letters LL-2020-03 and LL-2020-04 prescribing requirements for originations and appraisals during the COVID-19 crisis. ...The...more

Thomson Reuters Regulatory Intelligence and...

Lockdown Takes Mental Health Toll On City Workers; Many Working Longer Hours Amid "Returner Anxiety", Job Fears

The COVID-19 lockdown has taken a toll on financial services workers' mental health. Many are working longer hours while struggling with anxiety about returning to work, job security fears and stress, said mental health...more

Bryan Cave Leighton Paisner

What Recipients of PPP Loans Need to Know and Do to Mitigate Fraud Risk

While the Payroll Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) have given businesses a lifeline during these uncertain times, they also present a risk for fraud...more

Akin Gump Strauss Hauer & Feld LLP

COVID-19 Update – United Arab Emirates #55

Whatever your business—whether you are an investor looking at new investments, managing existing positions or planning exits, or a corporate concerned with protecting and enhancing your business—the current public health...more

Jones Day

Back to the Well: ARRC Seeks Market Input on Simplifying Spread Adjustment Calculation

Jones Day on

The Development: The Alternative Reference Rates Committee ("ARRC") announced the results of its market consultation on the "spread adjustment" calculation for the LIBOR/SOFR transition on May 6, 2020, but found it necessary...more

Bracewell LLP

New Rules Issued Clarifying PPP Loan Forgiveness, Lender Responsibilities and SBA Review

Bracewell LLP on

On May 22, the SBA and Treasury released two additional interim final rules (IFRs) on PPP loan forgiveness, providing specific guidance to borrowers and lenders regarding their responsibilities, as well as information on the...more

Weiner Brodsky Kider PC

Federal Court Enjoins MA AG’s Enforcement of Prohibition on Collection Efforts

A Massachusetts’s federal district court recently granted a temporary restraining order (TRO), enjoining the state’s attorney general from enforcing regulation prohibiting collections efforts amidst COVID-19....more

Weiner Brodsky Kider PC

VA Updates Circular on Specially Adapted Housing Protocol for COVID-19

The VA recently issued an update to Circular 26-20-9: Specially Adapted Housing Protocol for COVID-19 Veteran Engagement – Moratorium on In-Home Visits.  The VA issued the original Circular to provide guidance to Specially...more

Alston & Bird

Virginia Enacts Student Loan Servicing Law

Alston & Bird on

A&B ABstract: On April 22, Virginia enacted a comprehensive new law imposing a licensing obligation on private student loan servicers and substantive restrictions on both private and federal student loan servicers....more

Bracewell LLP

FERC Proposes To Limit Availability Of Tariff Waivers

Bracewell LLP on

At its May 21, 2020 meeting, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued an order soliciting comments on a proposed policy statement respecting the waiver of tariff requirements. As discussed...more

Buchalter

Buchalter COVID-19 Client Alert: OCC's CRA Final Rule

Buchalter on

On May 20, 2020, the Office of the Comptroller of the Currency (OCC) issued as new final rule updating various aspects of the requirements of the Community Reinvestment Act (CRA). The rule is effective on October 1, 2020....more

Nutter McClennen & Fish LLP

New PPP Interim Final Rules Clarify Forgiveness Calculation and Loan Review Process

On May 22, 2020, the Treasury Department and SBA issued two new Interim Final Rules applicable to the Paycheck Protection Program (PPP), one primarily focused on details related to the forgiveness calculation and one...more

Chambliss, Bahner & Stophel, P.C.

Charitable Giving in the Time of COVID-19

March 20, 2020 – the day taxpayers were granted an automatic filing extension to July 15, 2020; the day the 2020 tax filing season changed dramatically. It was also a wonderful day that gave me a minute to pause, take a deep...more

Foley & Lardner LLP

Recognition and Enforcement in Mexico of Foreign Reorganization Proceedings (Chapter 11)

Foley & Lardner LLP on

COVID-19 has had a dramatic impact on the world economy with the virus affecting jobs and companies around the world in many ways, with imminent cash-flow shortfalls soon to occur throughout many sectors of the global...more

Orrick - Financial Industry Review

Future Fund Goes Live

The UK Government’s Future Fund, a co-investment initiative to help UK start-ups, is now live and accepting applications. Under the scheme, which was announced on April 20, the government will provide convertible loans...more

Downs Rachlin Martin PLLC

SBA Issues Further PPP Interim Final Rules on Forgiveness

While much of the rules duplicate what is found in the PPP loan forgiveness application and instructions, there are some significant new items of guidance. The first of these Interim Final Rules addresses the requirements and...more

Harris Beach PLLC

NYC Prohibits Commercial Tenant Harassment and Lease Guaranty Enforcement Under COVID-19

Harris Beach PLLC on

Executive orders issued by Gov. Andrew Cuomo in the wake of the COVID-19 pandemic have already put restraints on landlords in their ability to evict tenants for non-payment of rent. A bill signed by New York City Mayor Bill...more

Ary Rosenbaum

Don’t be a Schnorrer

Ary Rosenbaum on

The first time I heard the word Schnorrer, I was 7 years old and my parents took me on a trip to Mystic, Connecticut. During those days, the Connecticut Turnpike had eight toll booths from Greenwich to Mystic. It felt that...more

Newmeyer Dillion

Senate Judiciary Committee Passes SB 939

Newmeyer Dillion on

At a hearing on Friday, May 22, 2020, the Senate Judiciary Committee passed SB 939 (as amended on May 13, 2020) on a 5 to 1 vote, and re-referred the bill to the Committee on Appropriations. Senator Weiner (author of the...more

Bennett Jones LLP

Ontario Issues New Guidance to Pension Plan Administrators and Sponsors Amidst the COVID-19 Pandemic

Bennett Jones LLP on

On May 22, the Financial Services Regulatory Authority of Ontario (FSRA) provided additional COVID-19 pandemic related guidance for administrators and sponsors of Ontario registered pension plans as an update to the...more

Snell & Wilmer

SBA Publishes Loan Forgiveness Interim Final Rule

Snell & Wilmer on

On May 22, the Small Business Administration (SBA) published its long-awaited Interim Final Rule regarding loan forgiveness requirements (IFR) for the Paycheck Protection Program (PPP). The new IFR confirms several key terms...more

Wilson Sonsini Goodrich & Rosati

How Gaming Companies Can Become Inadvertent Money Services Businesses

Many federal anti-money laundering (AML) laws require proactive steps to guard against financial crime. While these laws requiring proactive measures generally apply only to financial institutions, gaming companies may...more

Fox Rothschild LLP

What Protection Does Title Insurance Offer Pennsylvania Lenders When Modifying Collateralized Loans?

Fox Rothschild LLP on

In the coming months, lenders that have extended loans to businesses that are struggling as a result of the COVID-19 pandemic may consider modifying existing loan arrangements rather than seeking legal remedies against...more

Tarter Krinsky & Drogin LLP

Alternative Loan Options For Certain Small Businesses, Non-Profits And Landlords In New York State

For certain small businesses, non-profits and landlords who did not receive a Paycheck Protection Program loan or an Economic Injury Disaster Loan from the Small Business Administration, New York State is making available...more

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JD Supra Privacy Policy

Updated: May 25, 2018:

JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.

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Links to Other Websites

Our Website and Services may contain links to other websites. The operators of such other websites may collect information about you, including through cookies or other technologies. If you are using our Website or Services and click a link to another site, you will leave our Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We are not responsible for the data collection and use practices of such other sites. This Policy applies solely to the information collected in connection with your use of our Website and Services and does not apply to any practices conducted offline or in connection with any other websites.

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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You can make a request to exercise any of these rights by emailing us at privacy@jdsupra.com or by writing to us at:

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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California Privacy Rights

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You can make a request for this information by emailing us at privacy@jdsupra.com or by writing to us at:

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

Some browsers have incorporated a Do Not Track (DNT) feature. These features, when turned on, send a signal that you prefer that the website you are visiting not collect and use data regarding your online searching and browsing activities. As there is not yet a common understanding on how to interpret the DNT signal, we currently do not respond to DNT signals on our site.

Access/Correct/Update/Delete Personal Information

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Changes in Our Privacy Policy

We reserve the right to change this Privacy Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our Privacy Policy will become effective upon posting of the revised policy on the Website. By continuing to use our Website and Services following such changes, you will be deemed to have agreed to such changes.

Contacting JD Supra

If you have any questions about this Privacy Policy, the practices of this site, your dealings with our Website or Services, or if you would like to change any of the information you have provided to us, please contact us at: privacy@jdsupra.com.

JD Supra Cookie Guide

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How We Use Cookies and Other Tracking Technologies

We use cookies and other tracking technologies to:

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There are different types of cookies and other technologies used our Website, notably:

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JD Supra Cookies. We place our own cookies on your computer to track certain information about you while you are using our Website and Services. For example, we place a session cookie on your computer each time you visit our Website. We use these cookies to allow you to log-in to your subscriber account. In addition, through these cookies we are able to collect information about how you use the Website, including what browser you may be using, your IP address, and the URL address you came from upon visiting our Website and the URL you next visit (even if those URLs are not on our Website). We also utilize email web beacons to monitor whether our emails are being delivered and read. We also use these tools to help deliver reader analytics to our authors to give them insight into their readership and help them to improve their content, so that it is most useful for our users.

Analytics/Performance Cookies. JD Supra also uses the following analytic tools to help us analyze the performance of our Website and Services as well as how visitors use our Website and Services:

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Facebook, Twitter and other Social Network Cookies. Our content pages allow you to share content appearing on our Website and Services to your social media accounts through the "Like," "Tweet," or similar buttons displayed on such pages. To accomplish this Service, we embed code that such third party social networks provide and that we do not control. These buttons know that you are logged in to your social network account and therefore such social networks could also know that you are viewing the JD Supra Website.

Controlling and Deleting Cookies

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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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