Client Update – The Families First Coronavirus Response Act, H.R. 6201
On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act, H.R. 6201 (the “Act”). The Act will become effective no later than April 2, 2020 and will require all employers with less than 500 employees to provide employees with paid leave under various situations. This alert is meant to provide a…
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Financial Regulators Urge Financial Institutions to Work with Borrowers Affected by the Coronavirus (Covid-19); Fannie Mae and Freddie Mac to Provide Mortgage Forbearance for Certain Multifamily Property Owners.
On March 22, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), and State Banking Regulators (together, the Agencies) issued an Interagency Statement on Loan Modifications and…
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