United States:
Regulators Encourage Lenders To Work With Consumers Impacted By Shutdown
18 January 2019
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board, the Office of the Comptroller of the
Currency, the FDIC, the Consumer Financial Protection Bureau, the
National Credit Union Administration and the Conference of State
Bank Supervisors encouraged financial institutions to work with
consumers impacted by the federal government shutdown. The agencies
expressed concern that affected borrowers may
face hardship with regard to making payments on financial
obligations, including mortgages, student loans, car loans, credit
cards and other types of debt.
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