Covid-19 News & Analysis
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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.
SEC urges firms impacted by Covid-19 to review supervisory and compliance policies
On August 12, the SEC’s Office of Compliance Inspections and Examinations issued a risk alert to broker-dealers and investment advisers (firms) impacted by the Covid-19 pandemic addressing observations and recommendations related to several categories, including investor asset protection; personnel...
InfoBytesFannie and Freddie announce new refinance fee
On August 12, Fannie Mae and Freddie Mac announced a new adverse market refinance fee of 50 basis points, or 0.5 percent, on certain refinance mortgages. According to Freddie Mac’s Guide Bulletin 2020-32 , the refinance fee applies to cash-out and no cash-out refinance mortgages “except for...
InfoBytesIdaho Department of Finance extends temporary work from home guidance for licensees
On August 12, the Idaho Department of Finance extended temporary work from home guidance previously issued to Idaho mortgage brokers and lenders, mortgage loan originators, regulated lenders, title lenders, payday lenders, and collection agency licensees and registrants. The original guidance (...
InfoBytesNevada enacts bill limiting civil liability of businesses with respect to Covid-19 transmission claims
On August 11, the Nevada governor signed SB 4 , which, among other things, limits the civil liability of a business with respect to claims related to Covid-19 transmission on premises owned or operated by the business, or during an activity conducted or managed by the business, if the business was...
InfoBytesFederal Reserve Board announces revised pricing for its Municipal Liquidity Facility
On August 11, the Federal Reserve Board announced revised pricing for its Municipal Liquidity Facility. The revised pricing reduces the interest rate spread on tax-exempt notes for each credit rating category by 50 basis points and reduces the amount by which the interest rate for taxable notes is...
InfoBytes"How to tackle coronavirus corruption" co-authored by Daniel R. Alonso (Foreign Policy)
Latin America as a region has long had a problem with public corruption, and the coronavirus pandemic has made things worse. As governments shovel public funds to fight the pandemic and its economic fallout, public officials are swindling millions, including in the graft-prone public health sector...
ArticlesPennsylvania governor announces disbursal of small business grants, opening of second funding round
On August 10, the Pennsylvania governor announced that $96 million in state grants have been awarded to small businesses impacted by Covid-19 through the Covid-19 Relief Statewide Small Business Assistance fund. The announcement notes that the second and final round of funding has opened and will...
InfoBytesColorado extends executive order relating to evictions
On August 10, Colorado issued Executive Order D 2020 162 , which extends Executive Order D 2020 101, as amended and extended by Executive Order D 2020 134 (previously covered here ). These executive orders limit evictions for certain tenants in order to provide relief from effects of the Covid-19...
InfoBytesPresident Trump extends student loan forbearance program
On August 8, President Trump issued an executive order to Secretary of Education Betsy DeVos extending a forbearance plan on student loans through the end of the year. The executive order directs the Department of Education to take action to continue to provide “deferments to borrowers as necessary...
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