CFPB and Conference of State Bank Supervisors issue guidance on CARES Act forbearance provisions

This story appeared in Bank Digest.

The Consumer Financial Protection Bureau and the Conference of State Bank Supervisors have issued joint guidance to mortgage servicers on forbearance provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). The guidance includes links to relevant rules and guidelines and a set of relevant questions and answers.