On May 20, 2020, following much industry debate and speculation, the OCC released its final rule on CRA in an effort to modernize, strengthen, and establish more objectivity with respect to CRA regulations.
Erin is a bank and finance attorney who advises banks and other financial institutions on financial laws and regulations and general corporate matters.
Erin has experience advising boards of directors and senior executives on a variety of corporate governance and bank regulatory affairs.
Prior to joining Fredrikson, Erin served as the assistant corporate secretary at a multi-billion dollar financial services company where she focused on corporate and board governance, regulatory compliance and risk management, as well as the coordination and execution of Federal Reserve bank holding company inspections and OCC target examinations. Erin’s practice provides a holistic legal and regulatory approach to client matters. She works meticulously to solve client issues so that her clients can better serve their customers and communities.
Articles & Presentations
June 9, 2020
On June 5, 2020, President Trump signed into law the PPP Flexibility Act which provides for greater flexibility for both existing and new borrowers under the PPP.
Payroll Protection Loans under the CARES Act: Clarifications on Loan Forgiveness and the SBA’s Review Process
May 29, 2020
On May 22, 2020, the SBA and Treasury Department issued additional guidance on two significant aspects of the Paycheck Protection Program (PPP): first, the loan forgiveness requirements and, second, the SBA’s review process and the related borrower and lender responsibilities.
May 26, 2020
How will employment decisions affect my company’s PPP loan forgiveness?
May 19, 2020
On May 15, 2020, the SBA and Treasury Department released the Paycheck Protection Program (PPP) Application for borrowers to complete in order to receive PPP loan forgiveness.
April 24, 2020
President Trump recently signed into law a bill providing additional funding for the SBA’s 7(a) Paycheck Protection Program (PPP) after the initial PPP funding of $350 billion under the CARES Act was exhausted on April 16.
April 14, 2020
While we are still waiting for Treasury to issue additional guidance on loan forgiveness terms under the Paycheck Protection Program (PPP), here is what we know now.
New FAQs from SBA and the Department of the Treasury Provide Clarifications on the Paycheck Protection Program
April 8, 2020
SBA and the Department of the Treasury have published FAQs on the PPP, which they intend to update on a regular basis. Here are some key clarifications for borrowers as of April 7, 2020.
April 8, 2020
Since the passage of the Act, the Treasury Department and the SBA have issued some, albeit limited, guidance for lenders in the PPP application process. This article outlines general requirements for lenders under the CARES ACT with respect to PPP loans and addresses frequently asked questions.
April 3, 2020
An Interim Final Rule was released on April 2, 2020, that provides details regarding Paycheck Protection Program established by the Coronavirus Aid, Relief and Economic Security Act (CARES Act).
April 1, 2020
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) recently passed by the U.S. Senate and House and signed by the President creates a specific loan program through the Small Business Administration to help small businesses retain employees and pay critical expenses in this challenging time.
March 26, 2020
Answers to frequently asked questions regarding the SBA Economic Injury Disaster Loans for small businesses impacted by COVID-19 in Minnesota, North Dakota and Iowa.
March 20, 2020
In these uncertain times, questions swirl among community bankers about the best way to support their customers and communities through our current public health crisis while still looking out for their employees and shareholders.
Honors & Education
- University of St. Thomas School of Law, J.D., 2017
- University of North Dakota, B.A., 2013
- Minnesota, 2017
- 1L ROADMAP Career Coach, University of St. Thomas School of Law
- Business/Compliance Extern Mentor, University of St. Thomas School of Law Externship Program