HR 6332
Relief for Consumers During COVID–19 Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Relief for Consumers During COVID-19 Act of 2020 provides temporary protections for consumers facing financial hardship due to the COVID-19 pandemic. It suspends certain debt collection practices, such as foreclosures, evictions, and fee assessments, while allowing consumers to continue making payments where possible. After the emergency ends, debt collectors must offer repayment options and provide extended payment periods. The bill also establishes a Federal Reserve facility to compensate financial institutions for losses incurred during the payment suspension period.
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