Covid-19 News & Analysis
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News items updated weekly on Thursday
Spotlight: Buckley's Covid-19 Legal Resources & Capabilities
Buckley's core strengths sit at the confluence of the most threatening risks companies of every size and in every industry now face from the pandemic and the government’s response. We feature a deep bench of industry-leading legal professionals that provide best-in-class advice through a tailored, responsive approach that delivers the legal experience of a diversified law firm.
California regulator reminds debt collectors of rental protections
On April 9, the California Department of Financial Protection and Innovation issued a bulletin reminding debt collectors of protections associated with “Covid-19 rental debt,” which includes unpaid rent or other unpaid financial obligation of a tenant that came due between March 1, 2020 and June 30...
InfoBytesCFPB proposes delaying effective date for recent debt collection rules
On April 7, the CFPB proposed to extend the effective date of two recent debt collection rules to allow affected parties additional time to comply due to the ongoing Covid-19 pandemic. The Notice of Proposed Rulemaking (NPRM) delays the effective date by 60 days of the two final rules issued under...
InfoBytesIllinois reissues and extends several Covid-19 executive orders
On April 2, Illinois Governor JB Pritzker issued Executive Order 2021-06 , which extends several executive orders through May 1, 2021 (previously covered here , here , here , here , here , here , and here ). Among other things, the order extends: (i) Executive Order 2020-07 regarding in-person...
InfoBytesIllinois reissues and extends several Covid-19 executive orders
On April 2, Illinois Governor JB Pritzker issued Executive Order 2021-06 , which extends several previous executive orders through May 1, 2021 (previously covered here , here , here , here , here , here , and here ). Among other things, the order extends: (i) Executive Order 2020-07 regarding in-...
InfoBytesCFPB rolls back last year’s Covid-19 flexibilities
On March 31, the CFPB rescinded , effective April 1, the following policy statements, which provided temporary regulatory flexibility measures to help financial institutions work with consumers affected by the Covid-19 pandemic: A March 26, 2020, statement addressing the Bureau’s commitment to...
InfoBytesU.S.-EU release statement on Joint Financial Regulatory Forum
On March 24 and 25, EU and U.S. participants, including officials from the Treasury Department, Federal Reserve Board, CFTC, FDIC, SEC, and OCC, participated in the U.S.-EU Joint Financial Regulatory Forum to discuss topics of mutual interest, including those related to (i) “next steps” for Covid-...
InfoBytesNevada issues final extension for eviction moratorium
On April 1, Nevada Governor Steve Sisolak issued Declaration of Emergency Directive 043 , relating to the implementation of Senate Bill 1 (previously covered here ). The directive provides that certain residential unlawful detainer or summary eviction actions against covered persons are stayed...
InfoBytesIdaho Department of Finance once again extends “work from home” guidance
On March 31, the Idaho Department of Finance extended its temporary regulatory guidance (previously covered here , here , here ) permitting mortgage brokers and lenders, mortgage loan originators, regulated lenders, title lenders, payday lenders, and collection agency licensees and registrants to...
InfoBytesNYDFS updates cybersecurity fraud alert
On March 30, NYDFS issued an updated cybersecurity fraud alert that warns of other techniques used in a widespread cybercrime campaign targeting public-facing websites. As previously covered in InfoBytes , the update stems from NYDFS’ February 16 cybersecurity fraud alert sent to regulated entities...
InfoBytesTreasury issues emergency capital investment program FAQs
On March 30, the U.S. Treasury Department issued frequently asked questions to provide timely guidance concerning all aspects of the Emergency Capital Investment Program (ECIP). The FAQs cover issues regarding: The types of institutions eligible to participate in the ECIP; Submission of an ECIP...
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