HR 7796
Consumer Relief during COVID–19 Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Consumer Relief during COVID–19 Act places restrictions on debt collection practices during and for a period after a declared national emergency, such as the COVID-19 pandemic. It prohibits actions like wage garnishments, evictions, and utility shutoffs during this time, and requires debt collectors to offer repayment options and forbearance programs to consumers facing financial hardship. After the emergency period, the bill requires debt collectors to extend repayment periods and limit fees and interest accrued during the covered period. Finally, it establishes a Federal Reserve facility to provide financial assistance to debt collectors experiencing losses due to forbearance programs.
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