Risk & Compliance

COVID-19

Early Analysis Shows Pfizer COVID-19 Vaccine 90% Effective

The company said 50 million doses of its two-shot vaccine could be available globally by the end of 2020.
Credit

Court Orders Release of PPP Borrower Details

The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
COVID-19

COVID-19 Vaccines Could Generate Over $10B Annual Revenue

Analysts estimate that people will need the vaccine every year, like a flu shot, at a projected cost of $20 per dose.
Regulation

Nebraska Voters OK 36% Cap on Payday Loan Interest

“This is a huge victory for Nebraska consumers and the fight for achieving economic and racial justice."
Legal

Gig Companies Win Victory With Prop 22 in California

The push to exempt gig workers from state labor laws was the most expensive ballot-measure campaign in state history.
Legal

Oregon Becomes First U.S. State to Decriminalize Drug Possession

The idea behind the legislation is to treat drug addiction as a public health issue, removing it from the criminal justice system.
Risk & Compliance

SEC Fines From Enforcement Hit Record $4.68B

The number of new enforcement actions fell 17% this year but the SEC opened more than 150 COVID-related inquiries and investigations.
Regulation

Tech Execs Face Questions on Immunity Law

The heads of Facebook, Twitter, and Google said changes to Section 230 could change how they moderate content.
Regulation

DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report

The proposed transaction is being reviewed over antitrust concerns.
Bankruptcy

Small Businesses Embracing Subchapter V Bankruptcies

The COVID-19 economic downturn has small businesses considering Subchapter V bankruptcy filings over other options.
Compensation

Goldman Sachs to Claw Back Exec Bonuses and Cut Compensation

Goldman Sachs also agreed to pay more than $2.9 billion as part of a deferred prosecution agreement with the U.S. Department of Justice.
Legal

LIBOR No More: Transition Creates Challenges

In a perfect world, the respective parties to loan documents could simply agree that an alternate rate is needed. But the world is not perfect.
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