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Adler Pollock & Sheehan P.C.

Federal Reserve Approves Nonprofit Organizations For Main Street Lending Program And Releases Updated Term Sheets

On June 15, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) proposed the expansion of its Main Street Lending Program (the “Program”), which was originally established to support lending to...more

Adler Pollock & Sheehan P.C.

Federal Reserve Considers Expanding The Main Street Lending Program To Accommodate Nonprofit Organizations – Comments Welcome

The Board of Governors of the Federal Reserve System (the “Federal Reserve”) is seeking public comment on a proposal to expand the availability of its existing Main Street Lending Program (the “Program”) to nonprofit...more

Adler Pollock & Sheehan P.C.

Federal Reserve Releases Updated Guidance On Municipal Liquidity Facility

The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) established an emergency lending program for state and local governments due to the COVID-19 pandemic. This lending program, which is not yet...more

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