While the Main Street Lending Program (“MSLP”) was designed to ameliorate economic harm caused by the COVID-19 pandemic, it leaves lenders open to possible litigation exposure if borrowers fail to satisfy their obligations....more
7/14/2020
/ Duty of Care ,
Economic Stimulus ,
Eligibility ,
Federal Loans ,
Federal Reserve ,
Immunity ,
Lenders ,
Liability ,
Main Street Lending Programs ,
Participation Agreements ,
Risk Mitigation ,
Special Purpose Vehicles ,
Standard of Care
The troubles affecting the federal government’s Paycheck Protection Program (PPP) have been well documented. One critical issue is the fact that, while PPP lenders have been receiving their fees, PPP agents have not....more
5/8/2020
/ Accountants ,
Agents ,
Attorney's Fees ,
Bank of America ,
CARES Act ,
Class Action ,
Congressional Intent ,
Consultants ,
Fees ,
Guidance Documents ,
Lenders ,
Litigation Strategies ,
Paycheck Protection Program (PPP) ,
Private Right of Action ,
Transactional Attorneys ,
TRO ,
U.S. Treasury ,
Wells Fargo