ABSTRACT

COVID-19: The Financial Industry and Consumers Struggling to Pay Bills [Updated March 31, 2020]   [open pdf - 609KB]

From the Document: "A growing number of cases of Coronavirus Disease 2019 (COVID-19) have been identified in the United States, significantly impacting many communities. For background on the coronavirus, see CRS In Focus IF11421, 'COVID-19: Global Implications and Responses', by Sara M. Tharakan et al. While this situation is evolving rapidly, the economic impact may be large due to illnesses, quarantines, and other business disruptions. Consequently, many Americans may lose income and face financial hardship due to the coronavirus outbreak. This Insight focuses on regulatory and policy responses relating to the financial services industry for consumers who may have trouble paying their bills."

Report Number:
CRS Insight, IN11244
Author:
Publisher:
Date:
2020-03-31
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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