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Advice for Businesses in Dealing with the Expanding Coronavirus Events

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Daily Financial Regulation Update -- Tuesday, October 27, 2020

By
FedACTion Task Force
On Oct 27, 2020

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PH Client Alerts

Click here to read more from our Coronavirus series.

Congress

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

Federal Agencies

Federal Reserve Bank of New York

Federal Reserve Bank of New York, NYU Furman Center to Host Fourth Event in Economic Inequality Series

October 26, 2020

On October 27, the Federal Reserve Bank of New York, in collaboration with the NYU Furman Center, will host its fourth event in a series of discussions on economic inequality. The event, “The COVID-19 Eviction Cliff–Who’s Affected and How to Mitigate Short- and Long-term Crises?” will highlight insights on housing and evictions and include conversations with researchers, government, think tanks and organizational leaders.

International

Bank of England

Bank of England Releases Asset Purchase Facility Quarterly Report for Third Quarter of 2020

October 26, 2020

The Bank of England (Bank) released its Asset Purchase Facility Quarterly Report (Report) for the third quarter of 2020. The Report contains information on the Bank’s Asset Purchase Facility for the period from July 1 to September 30, 2020, and describes operations carried out during that period.

Bank’s Fintech Director Delivers Speech on Fintech during COVID-19

October 26, 2020

Tom Mutton, the Bank of England’s Director of Fintech, delivered a speech entitled, “Response, and Recovery: Fintech during the COVID Crisis and Beyond”, at the Second Bund Summit on Digital Currency, Fintech and Inclusive Finance.

Bank’s Chief Economist Delivers Speech on Working from Home

October 26, 2020

Andrew G. Haldane, Chief Economist at the Bank of England, delivered a speech entitled, “Is Home Working Good for You?” at the Engaging Business Summit and Autumn Lecture. In his speech, Mr. Haldane explored the impact COVID-19 has had on the way people work in the UK, and considered what that might mean for people’s well-being and the health of the economy.