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May 26, 2020

Clarifying guidance on CARES Act: retirement provisions

Since the passage of “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act” the Retirement Industry has anxiously awaited guidance on a number of open questions.  During that time, regulators have issued additional relief measures designed to ease the burden on employers and their plan participants. For example, the IRS issued Notice 2020-23 on April 9, which extended many tax deadlines, including those deadlines applicable to qualified retirement plans.

Apr 29, 2020

Lending efficiently to those who need a bridge

The recently signed CARES Act provides a substantial package in monetary relief to the public health sector, major corporations and small businesses nationally. While many firms will secure all the assistance they need, others will need more help as the economy returns. Those firms will likely turn to bridge lending as a path forward.

Apr 1, 2020

COVID-19: moving forward in an uncertain world

Over the past several weeks, we have had one of the most interesting, precipitous market movements the United States (and Global Economy) have ever seen.  We have had every corner of the market strained by the spread of COVID-19, ranging from unemployment highs to plunging equity markets. 

Mar 31, 2020

Retirement in the Time of COVID-19: Unpacking the Retirement Provisions Contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act

On Friday, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest stimulus package in American history. The CARES Act provides $2 trillion in relief to Americans and American businesses impacted by the coronavirus pandemic.

Mar 27, 2020

Is it a TDR? How to analyze the coming wave of modifications

Many banks are working on ways to offer relief to borrowers given the sudden changes to the market because of COVID-19.  While modification options offered to borrowers vary among financial institutions and particulars of the loan itself, one of the most common being considered is a short-term suspension of required payments, often for a period of 90 days and often offered to all customers who are mostly current.   


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