Our Financial Services & Products Group answers some questions mortgage servicers might have about how federal and state agencies will be flexible with enforcement under the CARES Act. What is the “covered period” for purposes of Section … [Continue reading] about Regulatory Agencies Issue Mortgage Servicing Guidance and FAQs for the CARES Act
Key Provisions of the CARES Act Affecting Mortgage Servicers
A&B ABstract: In response to COVID-19, on Friday March 28, 2020, President Trump signed into law the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”). This is a monumental $2 trillion stimulus package intended to provide … [Continue reading] about Key Provisions of the CARES Act Affecting Mortgage Servicers
Federal Administrative Agencies Issue COVID-19 Guidance
A&B ABstract: On March 26, the Consumer Financial Protection Bureau (“CFPB”) issued three separate policy statements in response to the COVID-19 pandemic. These announcements recognize the operational and resource challenges companies are … [Continue reading] about Federal Administrative Agencies Issue COVID-19 Guidance
Federal and State Guidance Regarding the COVID-19 Pandemic
A&B Abstract: The Alston & Bird Consumer Finance team recognizes that this is a period of great uncertainty both for the nation and our clients. We have received numerous questions and concerns regarding what federal and state regulators … [Continue reading] about Federal and State Guidance Regarding the COVID-19 Pandemic
New York Governor Provides Temporary Authority for Video Notarizations
On March 19, New York Governor Mario Cuomo issued Executive Order No. 202.7, "Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency" (the "Order"). The Order Notably, effective through April 18, 2020, the Order … [Continue reading] about New York Governor Provides Temporary Authority for Video Notarizations