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However, employers should obtain approval from their insurer (including stop loss policy insurer) to mitigate the risk of the carrier denying any claims (and the employer having to self-insure the costs). [read post]
Loans are offered through any existing SBA 7(a) lender or through any eligible and participating federally insured depositary institution, federally insured credit union, Farm Credit System institution and certain other depository or non-depository financing providers. [read post]
3 Apr 2020, 7:12 am by Joshua Runyan
PPP loans can be processed by a variety of lenders, including any federally insured depository institution or any federally insured credit union, and not just SBA 7(a) lenders (the CARES Act set forth that PPP loans would be available through SBA approved lenders and other lenders as authorized by the SBA or Department of Treasury). [read post]
The stakeholders joining the petition are financial services associations including the American Bankers Association (ABA), American Financial Services Association (AFSA), Consumer Bankers Association (CBA), Credit Union National Association (CUNA), Independent Community Bankers of America (ICBA), Mortgage Bankers Association (MBA), and National Association of Federally-Insured Credit Unions (NAFCU). [read post]
1 Apr 2020, 1:35 pm by Currin Compliance Services
Of course, state insurance departments also have cybersecurity reporting mandates as well. [read post]
1 Apr 2020, 12:41 pm by John Mattox
According to SBA’s latest information, you can apply for a Paycheck Protection Program loan through any existing SBA 7(a) lender through a participating federally insured depository institution, federally insured credit union, or Farm Credit System institution. [read post]
1 Apr 2020, 9:37 am by Florence Campbell Jones
A small number of industrial sectors are not eligible for support including banks, building societies, insurers and reinsurers (though not insurance brokers), the public sector and membership organisations or trade unions; and have a sound borrowing proposal which, were it not for the current pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable the business to trade out of any short-to-medium term… [read post]
30 Mar 2020, 2:14 pm by Scott A. Coleman
  This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. [read post]
30 Mar 2020, 4:59 am by Chris Wesner
UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF OHIO EASTERN DIVISION AT COLUMBUS In re: NASHEL : : : : : Jose J. [read post]
27 Mar 2020, 11:13 am by Tammy Binford, Contributing Editor
It suspended all union representation elections, including mail ballot elections, at least through April 3. [read post]
27 Mar 2020, 10:05 am by Richard Altieri, Benjamin Della Rocca
Other News On March 12, Trump signed into law the Secure and Trusted Communications Networks Act. [read post]
27 Mar 2020, 2:00 am by Laura Becking
Specifically, for large-scale enterprises and social organizations, the employer’s contribution rates for pension insurance, unemployment insurance and work-related injury insurance are cut by half from February to April 2020. [read post]
25 Mar 2020, 4:32 pm by Nicholas Birkenhauer
  In addition to depository institutions like banks and credit unions, this also includes non-depository institutions such as mortgage loan companies, securities institutions, check cashers, and payday lending companies. [read post]
” Determining whether your operations are essential businesses is highly fact specific, and companies should exercise caution when making that determination. [read post]
24 Mar 2020, 3:32 pm by Stewart Baker
Nick talks about the ambiguity of the cyberattack on Norsk Hydro, and I raise the risk that companies may stop releasing attribution information pointing to nation states because doing so may undercut their insurance claims. [read post]
24 Mar 2020, 9:26 am by Florence Campbell Jones
The BoE will purchase securities with a maturity date beyond 23 March 2021 on any day up to and including 22 March 2021.7 CBILS Summary 3.1. [read post]
23 Mar 2020, 3:01 pm by Stewart Baker
Nick talks about the ambiguity of the cyberattack on Norsk Hydro, and I raise the risk that companies may stop releasing attribution information pointing to nation states because doing so may undercut their insurance claims. [read post]
  In addition, on the same day HUD announced that it would also suspend evictions and foreclosures for homeowners with FHA-insured mortgages for the next 60 days. [read post]