[20201015]IN11405_《英雄法案》（H.R.6800小时.925) 选定的消费贷款准备金.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Heroes Act (H.R. 6800/H.R. 925): Selected Consumer Loan Provisions Updated October 15, 2020 The economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic has been largely due to illnesses, quarantines, social distancing, local stay-at-home orders, and other business disruptions. Consequently, many Americans have lost income and face financial hardship. On May 15, 2020, the House passed the Heroes Act (H.R. 6800), a wide-ranging COVID-19 relief bill, and on October 1, 2020, the House passed an updated version of the bill (H.R. 925). This Insight discusses selected provisions in Division O, Title IV of the updated bill related to consumer loans and the financial services industry (Division K, Title IV in H.R. 6800). Background Many consumers have had trouble paying their loan obligations, such as mortgages, student loans, auto loans, and credit cards. For this reason, loan forbearance has become a common form of relief offered by lenders to consumers (borrowers) during the COVID-19 pandemic. Loan forbearance plans are agreements allowing borrowers to reduce or suspend payments for a short period o