MBA COVID-19 Updates and Resources

Our world has seemingly overnight become a very different place and new developments surrounding the COVID-19 virus are coming so rapidly it may seem impossible to keep up. Please be assured that the MBA will do everything possible to help you stay informed and to assist you in navigating these unprecedented times. Just as you are open for business, so is the MBA. We are, more than ever, The Champion for Minnesota Bankers!

Special Note: Remember to document all actions taken as they relate to enacting your pandemic plans. Examiners will be looking for documentation on what steps were taken during this outbreak and how effective the BCP plan was.

Latest News
LC-17-20: Minnesota Mask Mandate (7/29/20)
EEO 20-81 Requiring Minnesotans to Wear a Face Covering in Certain Settings to Prevent the Spread of COVID-19 (mn.gov)
COVID-19 and the Ninth District Economy – A Dashboard
New funding for Coronavirus SBA loans attracts scammers

Reopening/Returning to Work Resources 
Suggestions for Addressing Use of Masks and Face Coverings in Branches (aba.com)
Reopening the Retail Financial Branch – Physical Safety and Security Considerations (MBA Recorded Webinar)
Considerations for Reopening the Bank Branch (MBA Recorded Webinar)
Recommendations and Best Practices in Reopening Lobbies and Branches (MBA)
Member Survey: Bank Lobby Reopening Plans with COVID-19 (MBA)
Safely Returning to Work (mn.gov/deed) 
Coronavirus reopening matrix (ABA) 
Return to Normal Operations: A Discussion with Treasury and Homeland Security Key Officials (ABA Recorded Webinar) 
SAFE Retail: Considerations for Retail Operations Post COVID-19 (Target Corp., courtesy of mnretail.org) 
How to Protect Yourself & Others (cdc.gov) 
Reopening Guidance for Cleaning and Disinfecting Public Spaces, Workplaces… (cdc.gov) 
Guidance on Preparing Workplaces for COVID-19 (osha.gov) 
General Guidance for all Workers and Employers (osha.gov) 
Opening Up America Again (whitehouse.gov)  
Stay home when sick downloadable poster (cdc.gov) 
Cleaning Supplies and PPE (Office Depot)
Visitor and Employee Health Screening Checklist (MDH)
COVID-19 Return-to-Work Framework Elements (MN Safety Council)
Back to Work Safely (AIHA)

MBA Bulletins (Members Only)
LC-17-20: Minnesota Mask Mandate (7/29/20)
Special Notice: Update on the Attorney General/Governor's Mortgage Relief Agreement (7/2/20)
Special Notice: COVID-19 Mortgage Relief Agreement (6/29/20)
Special Notice: PPP Update (6/23/20)
Special Notice: Banks Must Create COVID-19 Preparedness Plan by June 29th (6/12/20)
Special Notice: SBA Releases Information on Lender Fees and Form 1502 (5/22/20)
Special Notice: Agencies Add One Question and Answer to Their PPP Guidance Document (5/20/20)
Special Notice: SBA Issues PPP Borrower Loan Forgiveness Forms and Instructions; SBA Issues Interim Final Rule on Businesses with Foreign Affiliates (5/19/20)
Special Notice: Agencies Add Another Question and Answer to Their PPP Guidance Document; SBA Issues an Interim Final Rule on PPP Loan Increases; SBA Issues Interim Final Rule on Eligibility for Electric Cooperatives; CFPB Issues New COVID-Related FAQs on Payments and Deposit Rules, Open End Credit; CFPB Issues COVID-Related Statement on Reg. Z Error Resolution Timeframes (5/15/20)
Special Notice: Agencies Add a New Question and Answer to Their PPP Guidance Document; FDIC Proposes Rule to Ensure Participating in Pandemic Relief Programs Do Not Impact a Bank’s Deposit Insurance Assessments (5/13/20)
Special Notice: SBA Issues Interim Final Rule on Businesses Repaying PPP Loans; SBA Sent Email to Lenders Requesting Data on Repaid PPP Loans; SBA Provides New PPP Lending Statistics, Through May 8 (5/11/20)
Special Notice: Agencies Add Three Questions and Answers to Their PPP Guidance Document; SBA Issues Interim Final Rule Covering Two Subjects; CFPB Issues FAQs on Adverse Action Notices for PPP Loan Applications; IRS Clarifies its Position on EIPs Made to Deceased, Aliens, and Incarcerated Persons (5/7/20)
Special Notice: Executive Order on Debt Collection (5/4/20)
Special Notice: Agencies Add Three More Questions and Answers to Their PPP Guidance Document; SBA Issues One-page Procedural Notice on PPP Loan Sales; SBA Issues Loan Data for the Second Round of PPP Funding—Community Banks Excel (5/4/20)
Special Notice: Agencies Add Two Questions to the Q and A Guidance Document; Agencies Issue an Interim Final Rule on PPP Eligibility for Corporate Groups and Non-bank Financial Institutions; SBA Issues Guidance on How it Will Make 7(a) and 504 Loan Payments; Economic Income Payments to Deceased Payees (5/1/20)
LC-12-20 CFPB Announces Flexibility in Reg. Z and TRID Time Periods; CFBP Issues Factsheets on ECOA Valuation Rule
Special Notice: SBA Announces Dedicated E-Tran Time for Banks Under $1 Billion in Assets (4/29/20)
Special Notice: Really Horrible Start to Second Round of PPP Funding; SBA Issues New Interim Final Rule on PPP loans for Seasonal Businesses (4/28/20
Special Notice: Agencies Issue PPP Interim Final Rule (4/25/20)

State Alerts, Regulatory Resources and Guidance
RFA COVID Modifications (MDA)
MN COVID Dashboard 
MN Revenue Response to COVID-19
Consumer Alert: Financial Institutions Labeled as Critical, Banks and Credit Unions will Remain Open (3/26/20)
Consumer Alert: Minnesota consumers warned not to borrow from unlicensed online lenders (3/25/20)
Consumer Alert: Commissioner Kelley Reassures Minnesota Residents on the Security of their Deposits in Financial Institutions (3/23/20)
MN Commerce Emergency Closings Related to COVID-19
MN Department of Labor and Industry

Federal Regulatory Resources and Guidance
Paycheck Protection Program Loans Frequently Asked Questions (treasury.gov)
Economic impact payments: What you need to know (IRS)
IRS Coronavirus Tax Relief
OCC Resource Page
OCC Guidance (3/13/20)
FDIC Resource Page
FDIC Guidance
Statement on Part 363 Annual Reports in Response to the Coronavirus (3/27/20)
FDIC Exams Conducted Off-Site (3/16/20)

Industry Resources
Recovery Readiness: A How-to Guide for Reopening your Workplace (cushmanwakefield.com)
How chief data officers can navigate the COVID-19 response and beyond (mckinsey.com)
Economic Impact Payment FAQ (ABA)
ABA Social Media Toolkit (ABA) 
Guide to coronavirus mortgage relief options (CFPB)
Managing Coronavirus Operational Risk Department-by-Department: What You Need to Do Today (ABA webinar)
ABA Pandemic Response and Business Continuity Resources for Banks
COVID-19 Business Toolkit (MN Chamber of Commerce)
COVID Resources for Your Business (MN Chamber webinar)
How Banks are Responding to the Crisis (ABA)
Pandemic & Business Continuity Resources (Ncontracts)

Employer Resources 
COVID Tax Credits for Required Paid Leave (IRS)
COVID-19 HR Resources/Toolkit (MRA)
Families First Coronavirus Response Act FAQ (Faegre Drinker)
MN Unemployment Insurance
Society for Human Resource Management (SHRM)
Jackson Lewis
Practical Guidance for Addressing the Evolving Challenges (Fredrikson & Byron P.A.)
CDC Interim Guidance for Businesses and Employers
Best Practices for Bankers Working Remotely (OBL webinar)

MBA Group Insurance Plans
Coverage Continuation - Your Group Insurance Plans with the MBA (UPDATED 5/11/20)
Coverage Continuation - Your Group Plans with the MBA (3/26/20)
Short Term Disability Claim Form

SBA Resources
Coronavirus Recovery Information in Other Languages (sba.gov)
CARES Act and Paycheck Protection Program Details (Abrigo)
Coronavirus Emergency Loans Small Business Guide and Checklist (U.S. Chamber of Commerce) 
COVID-19 and the CARES Act – FAQ for Community Banks (Eide Bailly)
Small Business & Loan Resources
SBA Disaster Loan Assistance
Government Response to Coronavirus, COVID-19

Frauds and Scams
Consumer Tips to Avoid Scams (ABA)
Seven Coronavirus Scams Targeting your Business
FinCEN Statement
WHO-Beware of Criminals Pretending to be WHO
FTC - Coronavirus: Scammers Follow the Headlines
FTC - Coronavirus Scams, Part 2