Authors:Hugh M.
USA, Insolvency & Restructuring, Troutman Pepper, Employee Retirement Income Security Act 1974 (USA), Due diligence, Coronavirus, Title 11 of the US Code
Pursuant to the Federal Credit Union Act, the National Credit Union Administration issued a temporary final rule on April 21, easing regulatory requirements to assist federal credit unions (“FCUs”) and federally insured credit unions (“FICUs”) during the coronavirus (“COVID-19”) pandemic. The rule makes the following key changes that will be effective through December 31, 2020: