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The Consumer Financial Protection Bureau reported on more than 8,000 complaints it received from January through May that mention the coronavirus or related terms. Mortgage, credit card, and credit or consumer reporting complaints top the list.
In 55 percent of mortgage complaints, consumers cited struggling to pay the mortgage, while most credit or consumer reporting complainants identified incorrect information on their credit report as the issue.
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As the leaders in responding to the economic fallout of COVID-19 and responsible for two-thirds of Paycheck Protection Program loans, community banks today provided Congress with recommendations for the next economic stimulus package.
ImageJul 16, 2020
Community bankers across the country have worked tirelessly to deliver PPP loans quickly and successfully on behalf of thousands of small businesses. PPP loans could be a lifeline for borrowers, if the terms for forgiveness are flexible and realistic, reflecting the complexity and variability of the current business environment.
ImageJul 16, 2020
Jul 15, 2020
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