Financial Institutions Group's COVID-19 Resource Center
Our Financial Institutions Group has been on the forefront of dealing with COVID-19 for our clients. Whether providing training to Boards and employees, assisting with policies, procedures, and customer disclosures, interacting with regulators, addressing employee and other practical concerns, negotiating third-party agreements, or evaluating potential workout and other litigation issues, we can help your organization navigate through the complex legal challenges involved with pandemic-related issues.
We created this knowledge center to keep you informed and help you address issues arising from COVID-19 (coronavirus), and our response team is available to answer questions presented by this ongoing global crisis. Please email bfekina@bfkn.com if you would like to be notified when new content is available, and do not hesitate to reach out with any questions.
Banking & Financial Institutions
- CARES Act Paycheck Protection Program1 FAQs (Updated: January 15, 2021)
- Client Alert: New PPP Loan Program (January 15, 2021)
- Client Alert: FAQs on the PPP (April 6, 2020)
- Overdraft & PPP Class Action Litigation Against Banks Increases (September 8, 2020)
-
FFIEC Highlights LIBOR Transition Risks (August 19, 2020)
- Regulators Encourage Banks To Continue To Work With Borrowers (August 4, 2020)
- Financial Institutions Group Offerings Update (July 8, 2020)
- Reconsidering Lessons From The Previous Crisis (May 11, 2020)
- D&O Insurance Issues In The COVID-19 Context (May 1, 2020)
- Interim Final Rule On PPP Loan Disbursements (April 30, 2020)
- Federal Reserve Establishes PPP Liquidity Facility (April 17, 2020)
- New SBA Guidance On PPP Loans To Bank Insiders (April 14, 2020)
- Mitigating Risk From PPP Loans (April 9, 2020)
- PPP Promissory Note Issues (April 8, 2020)
- COVID-19 & The Material Adverse Change Clause (April 3, 2020)
- Bank Regulatory COVID-19 Guidance – Takeaways On Working With Borrowers & TDRs (March 24, 2020)
- Top 10 Considerations for Pandemic Responsiveness (March 19, 2020)
- 10 Steps For Following Regulators’ COVID-19 Guidance While Still Protecting Your Bank (March 17, 2020)
- Webinar: Is Your Bank's Pandemic Contingency Plan Ready for Implementation? (March 12, 2020)
- Financial Institutions Urged To Work With Borrowers Impacted By COVID-19 (March 10, 2020)
Compensation & Employment
- Should Your Business Require COVID-19 Vaccination? (December 22, 2020)
- Webinar: Compensation & Employment Update (November 19, 2020)
-
Labor & Employment Litigation Risks Lurk Within Pandemic Chaos (October 14, 2020)
- School Is Open... Or Is It? (September 9, 2020)
- Compensation Committee Agenda Update (July 13, 2020)
- IRS CARES Act Retirement Plan Guidance (July 7, 2020)
- CDC Employer Information For Banks (July 2, 2020)
- Summer 2020 Compensation Committee Agendas (June 12, 2020)
- Is Your Business Ready to Reopen? (June 3, 2020)
- COVID-19 Considerations For Emergency PSL & Emergency FMLA (April 10, 2020)
- Compensation Limits For CARES Act Economic Stabilization Fund Loans (April 9, 2020)
- COVID-19 Considerations For Your Company’s 401(k) & Other Tax-Qualified Retirement Plans (March 27, 2020)
- COVID-19 – New Employer Obligations & Considerations (March 20, 2020)
Insurance Coverage
- COVID-19 Insurance Coverage Considerations (March 18, 2020)
Intellectual Property
- Trademark Modernization Act of 2020 (January 11, 2021)
- COVID-19 IP Deadline Extensions - June 1st (April 29, 2020)
- IP Deadline Extensions During COVID-19 (April 14, 2020)
Small Business
- Webinar: A Step-By-Step Guide on How to Participate in the $2 Trillion Coronavirus Aid Package (April 3, 2020)
- Chicago Small Business Resiliency Fund (March 20, 2020)
Tax & Business Planning
- When Are Expenses Funded By A PPP Loan Eligible For Deduction? (November 23, 2020)
- COVID-19 Optional Payroll Tax Deferral (September 10, 2020)
- Updated IRS Guidance On The PPP & Employee Retention Credit (May 12, 2020)
- COVID-19 Tax Developments (March 29, 2020)
External Resources
- Centers for Disease Control and Prevention (CDC): Coronavirus (COVID-19)
- Chicago Department of Public Health (CDPH): Coronavirus Response Center
- Conference of State Bank Supervisors (CSBS): Information on COVID-19 Coronavirus
- Federal Deposit Insurance Corporation (FDIC): Coronavirus (COVID-19) Information for Bankers and Consumers
- Federal Reserve System: Coronavirus Disease (COVID-19) Resources
- Illinois Department of Financial and Professional Regulation (IDFPR) – Resources for Illinois Residents Impacted by Coronavirus Disease 2019 (COVID-19)
- Illinois Department of Public Health (IDPH): Coronavirus Disease 2019 (COVID-19)
- Internal Revenue Service (IRS): Coronavirus Tax Relief
- Minnesota Department of Health (MDH): Coronavirus Disease 2019 (COVID-19)
-
National Conference of State Legislatures (NCSL): State Action on Coronavirus (COVID-19)
- Office of the Comptroller of the Currency (OCC): COVID-19 (Coronavirus)
- State of Illinois Executive Department: Executive Order in Response to COVID-19 (COVID-19 Executive Order No. 8)
- TAG Alliances®: COVID-19 (Coronavirus) Knowledge Center
- U.S. Chamber of Commerce (COC): Combating the Coronavirus
- U.S. Department of Labor (DOL) – Occupational Safety and Health Administration (OSHA): COVID-19
- U.S. Department of Labor (DOL) – Wage and Hour Division: COVID-19 and the American Workplace
We Can Help
Please contact us if you would like to discuss any of these issues or if we can otherwise be of assistance.
Twitter
Facebook
LinkedIn