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The federal financial institution regulatory agencies, in consultation with state financial regulators, issued a revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19.
The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances are impacted due to the COVID-19 pandemic.
The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency.
The Consumer Financial Protection Bureau released a policy statement outlining the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.
Five federal financial regulatory agencies issued a joint statement encouraging banks, savings associations, and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
The Consumer Financial Protection Bureau announced that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic.
During this challenging time for our nation and the world, the Consumer Financial Protection Bureau is diligently working to protect consumers in the financial services marketplace and providing Americans with much needed peace of mind.
By
Kathleen L. Kraninger
CFPB has recently released several resources to help consumers take steps to protect their finances during the COVID-19 pandemic.