CFPB Offers Resources on Mortgage Forbearance Under the CARES Act

The Consumer Financial Protection Bureau (CFPB) has released a video on how homeowners can obtain mortgage forbearance if their finances were impacted due to the COVID-19 pandemic in light of the passage of H.R. 748, The Coronavirus Aid, Relief and Economic Security Act or the "CARES Act."

 

The CFPB has also issued additional information for consumers on mortgage and student loan payment relief and how to avoid scams.

 

Resources released by the CFPB include:

 

►CARES Act Mortgage Forbearance: What You Need to Know Video
►Guide to coronavirus mortgage relief options
►What you need to know about student loans and the coronavirus pandemic
►Beware of scams related to the coronavirus
►Online and mobile banking tips for beginners

 

The CFPB recently released a policy statement outlining the responsibility of credit reporting companies and furnishers during the Coronavirus pandemic.

 

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