News Topic: COVID-19
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A chip crisis is looming for payment cards
How the Fed's actions post financial crisis have worsened inequality
Second Circuit Split Resolved: No PPP Loans for Debtors in Bankruptcy
In March, the U.S. Court of Appeals for the Second Circuit joined a growing majority of courts with Springfield Hospital, Inc. v. Administrator for the U.S. ... Read full article
How government benefits programs became a nightmare for banks
Enabling innovation: Cybersecurity’s next act
Shocking Business Bankruptcy Law
Another quick announcement that I have posted a draft essay on some under explored intersections between big business bankruptcy and big shocks here. The abstract is short, yes, but so is the essay. It also discusses ice cream. Thanks for reading! ... Read full article
NCBJ 2021: Speeding Out of the Pandemic: Courts, Practitioners and the Road Ahead
This panel looked at how Covid has affected the legal professional and how it will affect the practice going forward. The panel consisted of Judge Elaine Ha ... Read full article
FDIC review of virtual exams sparks debate on bank supervision's future
How the delta variant upended banks’ return-to-work plans
Recommended Reading: Bannon and Keith on Remote Court
Virtual court proceedings, an important public health intervention, have prompted many a judge and lawyer to envision heavy use of virtual hearings in more ordinary times - including in bankruptcy courts, which carry the highest federal court case load ... Read full article
FDIC seeks industry feedback on the future of remote exams
Regions Bank sees potential threat in rising COVID cases in Southeast
Wells Fargo tells employees to return to work in two waves this fall
Getting Ahead of Consumer Loan Defaults Post-Pandemic
On this Tuesday, the Supreme Court refused to lift a ban on evictions for tenants that the Centers for Disease Control and Prevention recently extended through the end of July. The eviction moratoria is one of a handful of debt pauses put in place by the ... Read full article
Ginnie Mae creates 40-year mortgage securitizations
Which bank CEOs received big raises, pay cuts in 2020
California Largely (But Not Fully) Conforms to Deductibility of Expenses Paid with Forgiven PPP Loans
On April 29, 2021 Governor Newsom signed California A.B. 80, largely conforming to Federal rules relating to deductibility of expenses paid with funds from forgiven Paycheck Protection Program (PPP) loans. The $150,000 limitation in prior versions of ... Read full article
CFPB Announces Foreclosure Restriction and Additional Loss Mitigation Requirements
On April 5, the Consumer Financial Protection Bureau (“CFPB”) proposed amendments to Regulation X with the effect of preventing foreclosure on certain residential mortgage loans until January 1, 2022. [1] With a proposed effective date of August 31, ... Read full article
Credit unions sound alarm on COVID-19 vaccination scams