Bank Law Monitor
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Congress CARES: Federal Stimulus Package to Provide Emergency Relief to Borrowers and Financial Institutions
Mar 26, 2020
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On Wednesday, March 25, 2020, the Senate unanimously passed a $2 trillion economic stimulus package. Called the Coronavirus Aid, Relief, and Economic Security (or CARES) Act, this unprecedented bill is expected to be passed by the House this Friday a...
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Banking Regulators Encourage Lenders to Work with Borrowers Impacted by COVID-19
Mar 23, 2020
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Federal banking regulators took a bold, first step this past Sunday, announcing Interagency Guidance ("the Guidance") to encourage lenders to work with borrowers impacted by the COVID-19 outbreak.[1] The Guidance specifically permits lenders to enter...
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