Covid-19 Thought Leadership & Analysis

"Price-gouging a priority as pandemic persists" by Michael N. Morrill

One of the federal government’s most immediate responses to the coronavirus crisis was a highly visible campaign against profiteering. While the absence of an overarching federal anti-price gouging statute has forced prosecutors to improvise and legislators to contemplate new laws in order to...

"Accurate FCRA reporting during Covid-19" by Marshall T. Bell, Jonathan D. Jerison, and Jessica L. Pollet (Bloomberg Law)

As financial institutions respond to a flurry of regulatory recommendations and mandates in response to the Covid-19 crisis, those relating to consumer reporting may be among the most difficult to decipher and operationalize. Federal and state authorities have made it clear that they expect...

Marshall T. Bell, Jonathan D. Jerison, Jessica L. Pollet

"TCPA relief for Covid-19 communications could extend to financial institutions" by Ali M. Abugheida and Geoffrey L. Warner (Bloomberg Law)

Financial institutions face unprecedented and rapidly evolving challenges in the wake of the Covid-19 pandemic, including the need to communicate quickly and efficiently with customers in the face of government-issued stay-at-home orders. But the Telephone Consumer Protection Act, with its steep...

Ali M. Abugheida, Geoffrey L. Warner

Jeffrey P. Naimon quoted in American Banker article, “As Democrats urge pause in bank rules, GOP says hurry up”

Jeffrey P. Naimon was quoted on May 27, 2020 in an American Banker article, “As Democrats urge pause in bank rules, GOP says hurry up,” which discussed the differing party views on bank regulation amid the upcoming election. Naimon noted, “This happens in the run-up to any election because...

"CARES Act puts inspectors general back in the spotlight" by Daniel R. Alonso, Preston Burton, & Meredith Leeson (New York Law Journal)

Federal Inspectors General—the nation’s watchdogs over government agencies and government programs—are back in the news. First, the Coronavirus Aid, Relief, and Economic Security Act , received close attention not only for its $2 trillion infusion of taxpayer dollars into the U.S. economy, but also...

Daniel R. Alonso, Preston Burton

"Battle over business interruption coverage already underway" by Fredrick S. Levin, Michael A. Rome, and Ali M. Abugheida (Law360)

Businesses across the country are reviewing their insurance policies to assess whether they have valid claims against losses suffered as a result of the COVID-19 pandemic and related government shutdown directives. Two types of insurance coverage are particularly relevant: business interruption...

Fredrick S. Levin, Michael A. Rome, Ali M. Abugheida

Daniel P. Stipano extensively quoted in American Banker article, “Will coronavirus hasten arrival of fully remote bank exams?”

Daniel P. Stipano was extensively quoted on May 1, 2020 in an American Banker article, “Will coronavirus hasten arrival of fully remote bank exams?” which discussed the transition to a remote work environment during the coronavirus pandemic, and how it will effect bank examinations. Stipano said, “...

"CRA reform plan is suddenly outdated" by Warren W. Traiger (American Banker)

Bank regulators were in the process of reshaping a 43-year-old community lending law when the coronavirus pandemic hit, prompting calls from bankers and community advocates alike to suspend rulemaking and revealing how inflexible the proposal could be amid a crisis. Even absent current economic...

Warren W. Traiger

"SEC flexes regulatory and enforcement muscles in pandemic markets" by Thomas A. Sporkin and Timothy J. Coley

The Securities and Exchange Commission is sticking to its three-fold mission of protecting investors, maintaining fair and orderly markets, and encouraging capital formation as it responds to the Covid-19 pandemic by issuing regulatory guidance on crisis-relevant market and capital issues,...

Clinton R. Rockwell interviewed in California Mortgage Bankers Association podcast

This podcast from the California Mortgage Bankers Association features an interview with Clinton R. Rockwell on a variety of topics surrounding the mortgage industry, including how Covid-19 is impacting the mortgage industry. Rockwell noted, “A lot of the guidance is solving a specific problem, or...