CARES Act

FDIC tool to prevent bank runs goes unused vs. coronavirus

05/14/20

Congress authorized the Federal Deposit Insurance Corp. to intervene if the pandemic caused a liquidity scare, but nearly two months later deposits are through the roof and the agency has not acted on the expanded authority.

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FHFA extends eviction and foreclosure moratorium to June 30

05/14/20

The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.

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Is Fed taking too long on middle-market loan relief?

05/11/20

The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.

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Nominee to oversee pandemic rescue funds grilled over Trump ties

05/05/20

As special IG for the Treasury’s allocation of $500 billion in aid, Brian Miller could look into funding for Fed credit facilities. But Democrats on the Senate Banking Committee questioned his independence.

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Updates on the Paycheck Protection Program under the CARES Act: The SBA’s April 2, 2020 Interim Final Rule

04/03/20

On April 2, 2020, the U.S. Small Business Administration (SBA) released its Interim Final Rule[1], which provides further guidance on the Paycheck Protection Program (PPP) as enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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How Can the CARES Act Help My Tribe? A Briefing on Economic Stimulus for Tribes

04/01/20

Tribal leaders and federal officials this week will begin the task of implementing the economic relief programs of the Coronavirus Aid, Relief and Economic Security Act (or “Act”) passed by Congress on March 27, 2020.  The U.S. Department of the Interior will host the first consultations  with Tribes to discuss funding formulas and eligibility rules of the $8 billion Tribal Stabilization Fund through a teleconference on Thursday, April 2, and on Thursday, April 9.

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