Topic
Lending
189 published works
The CLS Blue Sky Blog
Fried Frank Discusses the New Paycheck Protection Program
By Gail Weinstein, Michael T. Gershberg, Libin Zhang, David L. Shaw, Randi Lally
On December 27, 2020, the Economic Aid Act (EAA) was signed into law to provide financial relief to small businesses suffering from the impact of the COVID-19 pandemic. The EAA…
China Law Insight
民间借贷新规解读（一）：“职业放贷”认定标准探析
By King & Wood
新修正的《最高人民法院关于审理民间借贷案件适用法律若干问题的规定》（以下简称“新《民间借贷司法解释》”或“新规”）已于2020年8月20日正式施行。新规针对2015年旧司法解释施行后出现的利率过高、范围过宽、边界模糊等新情况、新问题，结合新冠肺炎疫情对中小企业和个体工商户带来的巨大融资压力，以降低企业融资成本、规范民间借贷行为为宗旨，在旧司法解释的基础上进行了诸多调整。其中，调整民间借贷利率司法保护上限，限制“职业放贷”行为，套取金融机构贷款转贷行为等诸多亮点引发了行业广泛热议，对企业的资金融通行为亦将造成深远影响。我们将结合实务，围绕前述部分修正内容进行系列探讨。
China Law Insight
新民间借贷解释施行前已付的超额利息应该返还吗？
By King & Wood
2020年8月20日，最高法院发布了新修订的《关于审理民间借贷案件适用法律若干问题的规定》（下称“《民间借贷解释》”），大幅降低了民间借贷的利息上限标准，并将全面适用于自然人、非银行金融机构法人和非法人组织之间进行资金融通的行为，对资金市场影响重大。
Global Regulation Tomorrow
PRA letter: Building Societies Sourcebook: Fixed rate lending guidelines
On 11 August 2020, the PRA published a letter (dated 31 July 2020) from Mel Beaman, Director UK deposit takers, PRA to CEOs of non-systemic building societies. The letter was…
Corporate & Financial Weekly Digest
California, Illinois and New York File Suit Against OCC’s “Valid When Made” Final Rule
On July 29, the Attorneys General for the States of California, Illinois and New York (State AGs) filed suit seeking declaratory and injunctive relief in the US District Court for…
MoFo ReEnforcement: The Enforcement Blog
Not So Fast—State Attorneys General Seek to Enjoin OCC’s Final Rule Reaffirming “Valid When Made” Doctrine
By Nancy Thomas, Sarah Nicole Davis
On July 29, 2020, the state attorneys general of California, Illinois, and New York filed suit against the Office of the Comptroller of the Currency (OCC) challenging the OCC’s Final…
Credit Chronometer
OCC Says It Knows How to Identify the “True Lender”
Tank: “How?Morpheus: “He is the one.”— The Matrix Last week, the Office of the Comptroller of the Currency (OCC) did its best to simplify the search for the one “true…
Legacy Advisors
Main Street Loans to Be Extended to Nonprofits
By Harry J. Friedman, Claire Arritola
On July 17, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced the terms of an expansion of the Main Street Lending Program to include loan facilities that…
Global Supply Chain Law Blog
Update to Main Street Lending Program
On June 8, 2020, the Federal Reserve (or “Fed”) published updated FAQs (the “FAQ”) and updated term sheets for the Main Street Lending Program (“MSLP”). The new FAQ, which may…
Agricultural Law and Taxation Blog
Are Advances to Children Loans or Gifts?
OverviewOften a parent (or parents) will advance money to a child. The reasons for doing so are varied, such as making a large loan but then forgiving the payments each…