Federal Agencies Coronavirus Impact Mitigation Efforts
Coronavirus response efforts in full swing. Here are two actions federal agencies announced to support the U.S. economy and allow banks to continue lending to households and businesses. FRB is establishing a Commercial Paper Funding Facility to support the flow of credit to households and businesses. Agencies remind banks there's a discount window that they should feel free to use. Here's what the FDIC specifically is up to. FDIC is offering the following advice and working with customers affected by coronavirus. Here's the OCC's take on the same matter. CFPB is offering this advice to consumers grappling with coronavirus-related hardships. [3/18/20]
