The four federal financial regulators along with the CFPB and a state-regulatory representative that comprise the FFIEC have issued new principles designed to guide banking organizations and other lenders through the challenges as forbearance deadlines loom across the spectrum of consumer and commercial loans for financial institutions large and small at a time of fiscal-policy uncertainty. These challenges confront both lenders and borrowers, presenting the FFIEC with trade-offs often not clearly resolved in a set of new loan-accommodation principles that build on prior efforts in this area.
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