The U.S. Treasury Department has significantly scaled back the reach of the Corporate Transparency Act (CTA). Under a new interim final rule released by Financial Crimes Enforcement Network (FinCEN), U.S.-formed companies...more
A federal judge in Texas has issued a preliminary injunction that blocks enforcement of the Corporate Transparency Act (CTA) just a few weeks before a year-end deadline that would require millions of businesses and corporate...more
Sunday’s joint statement by the Department of Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) that all depositors of Silicon Valley Bank and Signature Bank of New York would have access to...more
On Friday morning, regulators closed Silicon Valley Bank (SVB), roiling the startup world and creating uncertainty about the availability of deposits and the availability of credit to its customers and borrowers. Unexpected...more
On Monday, June 8, 2020, the Federal Reserve Board announced changes to the Main Street Lending Program intended to allow a greater number of small and medium sized businesses to participate in the program. The Federal...more
Although much of the buzz around the CARES Act has been the financial relief it potentially offers to small businesses, states and municipalities could receive the financial assistance under the Act as well through the...more