Smith Anderson (North Carolina): Federal Reserve Announces Details of New Main Street Lending Program

FIRST PUBLISHED ON 04.11.2020 – On April 9, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced the details of the Main Street Lending Program (Program), authorized under Section 13(3) of the Federal Reserve Act and constituting part of the Coronavirus Economic Stabilization Act of 2020 found in Title IV of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). We anticipate regulatory or interpretive guidance from the Federal Reserve and U.S. Treasury Department (Treasury Department) over the coming weeks, but this alert provides an overview of the Program as it is currently constituted. MORE.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Related Posts

Categories

Categories