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CFPB Issues Summer 2020 Supervisory Highlights - Finance and Banking

CFPB Issues Summer 2020 Supervisory Highlights - Finance and Banking
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When Pandemic Relief Programs End: Unemployment, Student Loan Deferral

Erik McGregor/LightRocket via Getty Images Throughout the pandemic, the government has enacted several different relief programs. Programs from unemployment benefits to student loan deferral are set to expire in the coming months. However, the expanded child-tax credit is set to start rolling out monthly checks in July. From extended unemployment benefits to a pause on student loan payments, President Joe Biden s $1.9 trillion American Rescue Plan included significant financial aid to Americans struggling during the pandemic. But with the aid soon expiring for some of the programs along with a growing number of states prematurely ending the benefits millions of Americans still relying on the aid could be impacted.

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