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  Reporting indicates that the large financial institutions, as well as a number of other credit unions and state banks, have committed to a 90-day forbearance on mortgage payments for homeowners who can provide evidence that they’ve been impacted by the COVID-19 pandemic. [read post]
30 Mar 2020, 2:14 pm by Scott A. Coleman
Section 4013 – Temporary Relief For Troubled Debt Restructurings Section 4013 of the CARES Act provides a temporary relief to financial institutions (including credit unions) from GAAP as relates to troubled debt restructurings. [read post]
30 Mar 2020, 4:59 am by Chris Wesner
Working toward those goals, Wilson started producing concerts in local clubs, undeterred by her lack of any education or experience that would have prepared her to handle the financial aspects of concert production. [read post]
29 Mar 2020, 7:56 am by Rob Robinson
eDiscovery Mergers, Acquisitions, and Investments in Q1 2020 Since beginning to track the number of publicly highlighted merger, acquisition, and investment (M&A+I) events in the eDiscovery ecosystem, ComplexDiscovery has recorded 419 M&A+I events between November 2001 and today. [read post]
Federal banking agencies and the National Credit Union Administration must defer to a financial institution to make a suspension. [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]
” Under the Travis County Order, minimum basic operations are limited to the minimum necessary activities to maintain the value of a business’s inventory, ensure security, process payroll and employee benefits, or related functions. [read post]
24 Mar 2020, 9:26 am by Florence Campbell Jones
The BoE and HMT will consider the eligibly of businesses at the lowest rating that were on negative watch or negative outlook as at 1 March 2020; 2.3.1.3.where a short-term credit rating is not available the BoE will consider whether a long-term credit rating can be used to assess eligibility and pricing, or whether the BoE can assess that the business is of equivalent financial strength; and 2.3.1.4.issued directly into Euroclear and/or Clearstream. 2.3.2.If a business is… [read post]
Based on the definition of the financial services sector set forth in the orders, we anticipate that Mortgage Lenders are considered part of the financial services industry, and are therefore permitted to continue doing business. [read post]
Furthermore, DFS has advised “regulated financial institutions,” which would include certain banks, credit unions, and investment advisors, that their response plans must include “an assessment of potential increased cyber-attacks and fraud. [read post]
18 Mar 2020, 12:55 pm by Nicola Whiteley
This updated overview provides multinational employers practical advice to develop their coronavirus response strategy on an international level and to ensure a safe working environment for their employees under local employment and labor laws of UK, France, Germany, Italy, and Japan. [read post]
16 Mar 2020, 12:43 pm by Cynthia Marcotte Stamer
While H.R. 6201 is expected to include tax credits for employers to help mitigate the financial effects of its paid leave mandates for covered employers, employers will want to understand and take into account these requirements and the potential tax credits when deciding what leave to offer beyond the mandated paid leave and properly plan for, anticipate costs of and integrate those obligations with their other leave obligations. [read post]
12 Mar 2020, 3:06 pm by Philip R. Stein and Kenneth Duvall
Other claims against Deutsche Bank remain ongoing, including a suit brought by the National Credit Union Administration. [read post]
9 Mar 2020, 2:48 pm by Bernard Vogel, III
Such registration involves, among other things, the delivery of financial statements and other important information regarding the securities to the investors and the preparation of a registration statement, all of which can be extensive, costly, and time-consuming. [read post]
6 Mar 2020, 6:51 am by Shannon O'Hare
REGULATORY REQUIREMENTS  The primary legislation governing the regulation of banking and financial services in the UK is the Financial Services and Markets Act 2000 (“FSMA“). [read post]
2 Mar 2020, 1:56 pm by Shea M. Leitch and Andreas Kaltsounis
To demonstrate compliance with the controller’s instructions and the secure processing of the controller’s data, processors would be required to either engage a third-party auditor to conduct an audit of the processor’s security controls or submit to a security audit conducted by the controller. [read post]
2 Mar 2020, 11:04 am by Cynthia Marcotte Stamer
PBMs are supposed to work on behalf of health plans to secure drug rebates, refunds, discounts, coupons, and direct or indirect remuneration, among other discounts. [read post]
27 Feb 2020, 9:35 am by Yosie Saint-Cyr
However, credits earned prior to 2020 can still be claimed. [read post]