We also want to point out that individual counties are allowed to implement more restrictive directives. For a comprehensive list of county PHOs, click here.
Manufactured Housing Institute updates and information can be found on the MHI website at https://www.manufacturedhousing.org/covid-19-updates/
President Trump declared a national emergency
The Federal Reserve reduced interest rates to close to zero on Sunday to help stabilize the economy. In addition, the Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB) and Conference of State Bank Supervisors (CSBS) issued joint guidance last week to the nation’s financial services providers, encouraging them to “work constructively with borrowers and other customers in affected communities,” and pledging that examiners will not criticize “prudent efforts […] consistent with safe and sound lending practices.” The regulators said they would expedite any requests to make changes in service availability because of staffing challenges or community needs.
The Centers for Disease Control (CDC) has compiled helpful resources and guidance on its website HERE.
Below are links to useful information for businesses from a variety of federal agencies:
There are a number of resources for businesses from a variety of agencies. For example, the Small Business Administration’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business: http://www.sba.gov/coronavirus and http://www.sba.gov/disaster.
In addition, the Department of Labor’s (DOL) webpage contains information about common issues employers and workers are encountering, including the effects of shutdowns on wages and hours worked under the Fair Labor Standards Act and job-protected leave under the Family and Medical Leave Act.
The DOL has issued guidance outlining flexibilities that states have in administering their unemployment insurance (UI) programs to assist Americans affected by the COVID-19 outbreak. Under the DOL guidance, federal law permits significant flexibility for states to amend their laws to provide unemployment insurance benefits in multiple scenarios related to COVID-19. For example, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19. In addition, federal law allows states to pay benefits where:
In addition, the Consumer Financial Protection Bureau has put together information for consumers about how to protect themselves financially during the crisis HERE.