ECOA Implications for COVID Lending Programs

During the past month, banks have scrambled to accommodate customers—working around the clock to process emergency requests for loan modifications and thousands of applications under the Payroll Protection Program (PPP). They have done this with reduced staff, and while simultaneously overhauling delivery and workflow systems in an attempt to keep customers, employees and their families safe.

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Opening Up Bank Strategy Again

Banks can adopt their own version of the White House’s plan to reopen the economy by identifying key triggers for acting and preparing to implement those actions in a clear and organized fashion.

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Community Banking Provisions in the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act – or the CARES Act – contains several provisions that are designed to aid community banks during these challenging times. This client alert summarizes and provides some analysis of the more important provisions of the Act.

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