Download the Free Whitepaper:
Fair Lending & the CARES Act
How to Avoid the Biggest Pitfalls
Though the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), passed by Congress in March 2020, allows financial institutions more flexibility in serving borrowers affected by COVID-19, it can also create fair lending issues. This whitepaper highlights the most important lending-related provisions of the CARES Act, and addresses:
How to avoid the potential fair lending pitfalls the CARES Act poses
What counts as an accommodation
Why disputes matter
How to keep written lending policies current
Strategies for maintaining fair lending compliance