News

On Wednesday, Governor Hutchinson announced that Arkansas will submit an application to the Federal Emergency Management Agency (FEMA), paving the way for Arkansans to receive an extra $300 per week in unemployment benefits through the end of the year. The state legislature approved the application on August 18, but it still needs to go through the legislative council for final approval. And FEMA must approve the application before any supplemental benefit payments can be made.

On August 3, 2020, the Federal Financial Institutions Examination Council (FFIEC) issued a joint statement addressing additional loan accommodations related to Covid-19. As borrowers near the end of initial loan accommodation periods, the FFIEC encourages financial institutions to consider loan arrangements that might mitigate adverse effects on borrowers. Specifically, the FFIEC promoted the following practices:

On August 11th the Small Business Administration updated its Paycheck Protection Program (PPP) frequently asked questions on loan forgiveness.

On August 4, the U. S. Small Business Administration (SBA), in consultation with the Department of the Treasury, issued additional guidance on the forgiveness of Paycheck Protection Program (PPP) loans in the form of Frequently Asked Questions.

The Arkansas Department of Health (ADH) recently announced that it will require a 14-day home quarantine for anyone who has been exposed to COVID-19.

It has been roughly a year-and-a-half since the amendment of Federal Rule of Appellate Procedure 29(a)(2), which sets out when amicus briefs are permitted during merits briefing. Former Rule 29(a)(2) authorized amicus briefs only on leave of court or with the consent of all the parties. Amended Rule 29(a)(2), which went into effect December 1, 2018, authorizes amicus briefs on the same terms, except that the court may prohibit or strike an amicus brief “that would result in a judge’s disqualification.” Getting the consent of all the parties, then, no longer guarantees success.

Friday, Eldredge & Clark is proud to announce the hiring of Madeline O. McElhanon. McElhanon will practice in the Finance & Commercial Transactions Group where she will work primarily on transactions in the banking, healthcare, real estate and technology industries.