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COVID-19: FinCEN Updated Notice and Bank Secrecy Act (BSA) Compliance
On April 3, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an update notice to financial institutions related to the COVID-19 Pandemic, covering five primary topics: Compliance with BSA Obligations FinCEN emphasized the continued importance [...]
COVID-19: Current Expected Credit Losses (CECL) Revisited … Again
In December of 2019, one might have said it would take a natural disaster for CECL to be delayed for those required to comply in the first quarter of 2020. Fast forward to March 13, [...]
Summary of Housing Program Responses to COVID-19 and the CARES Act
In response to both the current public health crisis and the CARES Act, multiple government entities, including housing agencies, have provided guidance with regards to federally insured loans and tenants. Multifamily Housing: Section 4023 of [...]
Leading Through the Coronavirus Crisis – Respond Today and Plan for Tomorrow for Manufacturers
Although protecting the safety of families and employees will remain a top priority for manufacturing organizations, business leaders are now facing unprecedented challenges brought on by COVID-19 that require a large amount of planning. These [...]