Posts tagged consumer loans.
On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), an emergency spending bill providing $2 trillion in relief to individuals and businesses who have or will suffer negative economic effects of the COVID-19 pandemic.
Credit Reporting
The CARES Act amends the Fair Credit Reporting Act by creating new reporting rules in those instances where a furnisher makes an “accommodation,” which is defined as “an agreement to defer one or more payments, make a partial payment, forbear any delinquent amounts ...