Compliance Round-Up: City Bar Series on COVID-19’s Impact on Ethics and Compliance

(Webinar) The Tsunami is Coming: How Lenders Can Mitigate the Litigation and Regulatory Risks from the COVID Loan Programs

Wednesday, April 29, 2020 | 11:00 am – 12:30 pm

• Description
• Faculty
• Agenda
• CLE Credit
• Sponsors

• At the core of the CARES Act are multiple lending programs, and the numbers are staggering: well over $1 trillion is being made available to borrowers impacted by the financial crisis precipitated by the global pandemic. But not only are the numbers staggering, the lending programs are being rolled out at breakneck speed with the facilities designed to be exhausted within a matter weeks. What could possibly go wrong? This expert panel, including former NYSDFS Superintendent Maria Vullo, will discuss the lending programs, identify the potential litigation and regulatory risks for lenders, with a special focus on the Paycheck Protection Program and the Main Street Lending facilities, and discuss approaches to mitigate or address those risks.

  Program Fee:
  $49 For Members | $99 For Nonmembers
  In-House Counsel: Free for Members

  Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

• Lisa Ledbetter
  Jones Day; Former Deputy GC, Freddie Mac and Deputy Office Director, FDIC

  Cristy Irvin Phillips
  Deputy GC and Head of Litigation, 1/0 Capital, LLC; Former Deputy Chief, Civil Frauds Unit, SDNY

  Maria T. Vullo
  CEO, Vullo Advisory Services, PLLC; Former Superintendent, NYS Department of Financial Services

• 11:00 am-11:05 am
  Introduction

  11:05 am-11:20 am
  The 2008 Crisis and Lessons Learned

  11:20 am-11:35 am
  Overview of the CARES Act Lending Programs

  11:35 am-11:55 am
  Identify the Risks for Lenders with Respect to the Main Lending Programs — Losses, Regulatory Scrutiny and Civil Lawsuits

  11:55 am-12:10 pm
  How to Mitigate or Contain Those Risks

  12:10 pm-12:15 pm
  Predicting Future Legal Issues

  12:15 pm-12:30 pm
  Q&A

• CLE Credit
  New York: 1.5 Professional Practice
  New Jersey: 1.5 General
  California: 1.5 General
  Pennsylvania: 1.0 General
  Connecticut: Available to Licensed Attorneys

• Sponsoring Association Committee:
  Compliance, Patrick T. Campbell, Chair

  Sponsorship Opportunities are Available! Please Contact:
  Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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