Fair Lending & the CARES Act: How to Avoid the Biggest Pitfalls

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