On Friday, President Trump signed the Coronavirus Economic Stabilization Act of 2020 (CARES Act). The significant legislation directs more than $2 trillion into fighting the COVID-19 pandemic and stimulating America’s economy for the duration of the pandemic. This blog summarizes some of the provisions that are most relevant to financial institutions that make or service consumer loans. Credit Reporting The CARES Act amends the Fair Credit Reporting Act (FCRA) to include a section specifically addressing… Continue Reading