Covid-19 Publications

Special Alert: CARES Act places significant burdens on servicers of consumer debt but provides some relief to depositories

President Trump late last week signed the Coronavirus Aid, Relief, and Economic Security Act that attempts to soften the negative economic effects of the Covid-19 pandemic on consumers, including by suspending payments for certain student loan borrowers and enabling mortgage loan borrowers to...

"5 FCA enforcement predictions after Coronavirus relief bill" by Andrew W. Schilling (Law360)

On March 27, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act. Although the False Claims Act is not mentioned in this stimulus bill, the implications of the act on FCA enforcement are likely to be significant. Click here to...

Andrew W. Schilling

Special Alert: CARES Act “Paycheck Protection Program” offers relief and opportunities for small businesses and lenders

On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). The legislation’s first title, the “Keeping American Workers Paid and Employed Act,” provides a host of relief measures for small businesses, including $349 billion for Small Business...

Special Alert: California governor announces financial relief package during Covid-19 crisis

On March 25, California Governor Gavin Newsom announced a financial relief package (Proposal) and related guidance to assist borrowers in California experiencing financial hardship as a result of the Covid-19 outbreak. According to the news release, the relief efforts are being supported by several...

Special Alert: Fed’s new facilities offer hundreds of billions of dollars to businesses and issuers of credit for consumer and business debt

On March 23, the Federal Reserve announced that it is establishing and expanding a number of facilities to provide powerful support for the flow of credit to large U.S. employers and other businesses and families in the midst of the coronavirus pandemic. The Fed’s facilities and related actions are...