CARES Act Relief for Financial Institutions

Thoughtware Alert Published: Mar 31, 2020
Credit cards and money

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes relief for individual Americans, health care workers, small businesses and certain industries hit hard by the effects of the SARS-CoV-2 virus and the incidence of COVID-19. This article highlights portions of the law most relevant to financial institutions, including banking-specific relief, new loan programs, forbearance on certain federal student and housing loan programs and general business provisions.  

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