COVID-19: An Overview of Emergency Financing Facilities Created Under the Cares Act and Section 13(3) of the Federal Reserve Act
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In response to the COVID-19 crisis, the federal government has launched a number of emergency financing facilities, including programs authorized by the CARES Act and new programs established by the Federal Reserve under Section 13(3) of the Federal Reserve Act. Some of the CARES Act Title IV facilities are administered by the Federal Reserve and intersect with its Section 13(3) financing programs.
In this webinar, our panelists discuss each of these separate financing facilities, their basic terms and requirements, and what types of borrowers can access each facility. We also cover litigation and government investigation and enforcement issues that borrowers and lenders should take into consideration.