Troutman Sanders

OCTOBER 13, 2020

On October 1, the Federal Reserve Board extended temporary actions, increasing the availability of intraday credit extended by Federal Reserve Banks on both a collateralized and uncollateralized basis until March 31, 2021. For more information, click here. Enacted in June, the rule arose in response to the COVID-19 pandemic.

Financial services 52

Financial services Foreclosure Collateral Collection Agencies 52

Burr Forman

FEBRUARY 25, 2021

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Additional Resources on the House Financial-Services Committee hearing on GameStop are here.

Trade 52

Trade Collateral Financial services Financial Institution 52

Burr Forman

FEBRUARY 25, 2021

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Additional Resources on the House Financial-Services Committee hearing on GameStop are here.

Trade 40

Trade Collateral Financial services Financial Institution 40

Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5

Financial services 52

Financial services Financial Institution Debt collector Fair Debt Collection 52

Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.

Loans 52

Loans Lender Chapter 7 bankruptcy Bankruptcy 52

Troutman Sanders

MAY 2, 2023

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. For more information, click here. On April 27, the U.S.

Financial services 52

Financial services Trade Consumer Credit Government 52