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24 Mar 2020, 4:56 pm
Back then, the banks threw you under the bus so that they could survive. [read post]
24 Mar 2020, 2:10 pm
Order 107 requires that any retail business whose brick-and-mortar premises remains open to the public shall abide by social distancing practices to the extent practicable, including by keeping customers six feet apart and frequent use of sanitizing products on all surfaces. [read post]
24 Mar 2020, 2:09 pm
The District of Columbia’s Acting Commissioner of the Department of Insurance, Securities and Banking (“DISB”), Karima Woods released Commissioner’s Order 01-2020 on March 20, 2020 (the “Order”). [read post]
24 Mar 2020, 12:06 pm
Similarly, when a business — such as bank, a supermarket, or retailer — ceases to operate under normal trading conditions and hours, it will naturally want to let its customers know about it. [read post]
24 Mar 2020, 9:26 am
The public guidance is being continually updated by the UK Government, HM Treasury and the Bank of England which is being closely monitored. [read post]
24 Mar 2020, 6:28 am
Even the most craven corporate officers and directors seek to prevent behaviors that may jeopardize employee performance, customer satisfaction, and stock prices. [read post]
24 Mar 2020, 6:13 am
Among those that have laid out plans to help their customers during this pandemic are student loan providers. [read post]
23 Mar 2020, 8:52 pm
On March 9, the Federal Reserve Board, FDIC, OCC, Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA) and Conference of State Bank Supervisors (CSBS) issued a joint statement encouraging financial institutions to work constructively with borrowers and other customers in communities affected by the coronavirus. [read post]
23 Mar 2020, 3:26 pm
One of those no-action letters was issued to a large U.S. bank involved in providing finance to oil and gas sector customers, while the other was directed to registered commodity pool operators (CFTC Letter 20-10 and CFTC Letter 20-11 both dated March 20, 2020). [read post]
23 Mar 2020, 2:21 pm
” The Connecticut Executive Order is clear that it applies to “places of business,” and permits non-essential businesses to “continue activities that are conducted off-site (e.g., a customer’s home) and/or by telecommuting or working from home. [read post]
23 Mar 2020, 2:16 pm
It defines the following as “Essential Retail Businesses” which may remain open, subject to certain restrictions (discussed below): Grocery stores, farmer’s markets and farms that sell directly to customers, and other food stores, including retailers that offer assortments of food comparable to that of a grocery store; Pharmacies and alternative treatment centers that dispense medicinal marijuana; Medical supply stores; Retail functions of gas stations; Convenience… [read post]
23 Mar 2020, 2:04 pm
Its shape follows the architecture of the building in which it is installed and surrounds the elevator bank entrances, when it could have simply been a rectangular shape above the elevator banks. [read post]
23 Mar 2020, 1:46 pm
All non-essential businesses have been ordered to close their physical workplaces and facilities to workers, customers, and the public. [read post]
23 Mar 2020, 1:42 pm
” The trade groups added that their member companies have assisted in local charitable relief efforts and have begun to work with customers “on issues such as flexibility in premium payments. [read post]
23 Mar 2020, 1:42 pm
” The trade groups added that their member companies have assisted in local charitable relief efforts and have begun to work with customers “on issues such as flexibility in premium payments. [read post]
23 Mar 2020, 1:41 pm
Essential Businesses, which include banks and other financial institutions, are permitted to stay open. [read post]
23 Mar 2020, 10:08 am
In a matter of 24 or 48 hours following notifications, the European Commission has already adopted several decisions under the legal bases mentioned above: on 12 March 2020, a €12 m Danish scheme to compensate damages caused by cancellations of large public events due to COVID-19 outbreak; on 21 March 2020, a Danish €130 million aid scheme to support small businesses and three French aid schemes State guarantees on commercial loans and credit lines to companies that have up to 5,000… [read post]
23 Mar 2020, 10:01 am
The PSR states that it has informed the directed banks that if they are unable to fully implement CoP by 31 March 2020: banks must take appropriate steps to roll out CoP, taking into account the impacts of COVID-19, even if that means they do not meet the original 31 March 2020 deadline; the PSR expects the directed banks to ensure customers who would have benefitted from the protections of CoP are not otherwise disadvantaged from any COVID-19 related delay,… [read post]
23 Mar 2020, 8:54 am
The bank previously mandated arbitration for its bank account and insurance customers. [read post]
23 Mar 2020, 7:58 am
If the company has borrowed money from a bank or other secured lender, it’s also critical to assess the lender’s rights, potential remedies, and prospects for a restructuring. [read post]
