JPMorgan Chase makes
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Join Northern Trust Wealth Management CIO Katie Nixon and Senior Healthcare Analyst Erick Noensie for an update on the markets and COVID-19 treatments, including the latest on vaccine developments and trials. June 2, 2020. 11 a.m. ET. Duration: 45 minutes
Click on the link below to register.
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Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her COVID line of cartoons in the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
The FDIC, the OCC, the Federal Reserve, and other agencies have created webpages to provide banks and the public with updates on the COVID-19 situation.
Federal Reserve's COVID-19 Page
Treasury Department - Assistance for Small Businesses
ABA Pandemic Response and Business Continuity Resources
On May 20, the OCC, the FDIC, the Federal Reserve Board and the National Credit Union Administration issued “Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” This new guidance follows close on the heels of the agencies’ March 30 “Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19,” in which the banking agencies noted “the important role that responsibly offered small-dollar loans can play in helping customers meet their needs for credit due to temporary cash-flow imbalances, unexpected expenses, or income short-falls during periods of economic stress or disaster recoveries.” This acknowledgement of the critical need for small-dollar lending is repeated verbatim at the outset of the Interagency Lending Principles, which provide further details on what “responsible” small-dollar lending entails. To this end, the new principles replace or modify several existing federal bank agencies’ bulletins, including OCC Bulletin 2018-14, “Installment Lending: Core Lending Principles for Short-Term, Small-Dollar Installment Lending,” which is rescinded and replaced in its entirety.
Read the full alert by Mark T. Dabertin, Richard P. Eckman, and James W. Stevens via the link below.
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Ballard Spahr attorneys are actively monitoring federal and state government guidance and situation updates—and stand ready to help clients navigate Coronavirus-related business concerns. Guidance and regulations involving COVID-19 are changing rapidly—often with little or no notice to the public. Their alerts and resources pages are continually updated. Please make sure you are reviewing the most recent guidance, and consult a member of their team before taking action.
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