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SBA Opens PPP Forgiveness Portal, But Banks Put on the Brakes

By: BrownWinick | 08-12-2020

Banking Blogs Business & Corporate Law

The Small Business Administration (SBA) officially opened its Paycheck Protection Program Forgiveness Portal to lenders starting on Monday, August 10, 2020. This means that banks who provided loans to small businesses through the Paycheck Protection Program (PPP) may start processing applications from borrowers to have their loans entirely forgiven. As of July 31, 2020, Read…

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Eviction and Foreclosure Prevention Program

By: Kelli Orton | 08-12-2020

Blogs Real Estate, Construction & Environmental

In an effort to reduce the number of evictions and foreclosures in the State of Iowa due to the pandemic, Governor Reynolds created the COVID-19 Eviction and Foreclosure Prevention Program. This program provides rental assistance or mortgage assistance for up to four months for a household who has had a reduction in income due Read…

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The DOL Fiduciary Rule and NAIC Showdown:  Fiduciary or Not? 

By: Maureen Henderson | 08-11-2020

Blogs Insurance Regulatory and Compliance

Despite the apparent harmonization between the SEC Regulation BI (Section 240.151-1, eff. 6/5/19) https://www.sec.gov/rules/final/2019 and the NAIC’s Revised Model on Suitability https://www.naic.org/store/free/MDL-275., the Department of Labor proposed a new fiduciary rule which contradicts the Model’s explicit language…the Care Obligation DOES NOT create a fiduciary obligation or relationship.  The DOL’s new fiduciary rule issued on Read…