Burr Forman

JANUARY 11, 2021

The President signed new stimulus legislation into law on December 27, 2020. Beginning January 11, 2021, Borrowers who seek a First Draw PPP Loan under the new law can apply through community financial institutions exclusively allowed to make First Draw PPP Loans. The Economic Aid Act authorizes funds of $284.5 PPP Loan Amounts.

Loans 52

Loans Financial Institution Trade Government 52

Troutman Sanders

JANUARY 11, 2021

On January 8, the Small Business Administration and the Treasury Department announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. The PPP will open to all participating lenders shortly thereafter. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

JANUARY 11, 2021

On December 11, 2020, the CFPB announced that it and the Arkansas Attorney General reached a settlement with Alder Holdings, LLC (“Alder”), a Utah-based home security company, for allegedly violating the FCRA by charging higher activation fees to customers with lower credit scores without providing notice to the customers.

Retail 52

Retail Judgment 52