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March 24, 2020 / Blog Post

Financial institutions encouraged to work with borrowers affected by COVID-19

Banking & Finance Law Report

Several governmental agencies have issued a statement encouraging financial institutions to work with borrowers affected by the COVID-19 pandemic. The Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation,  National Credit Union Administration, and Office of the Comptroller of the Currency issued a press release on March 22, 2020.

Read the full post on our blog, Banking & Finance Law Report.