Attorney: CARES Act to help banks help borrowers
(World News USA)

Under the CARES Act, banks may not initiate court foreclosure proceedings or execute foreclosure-related evictions or sales during the COVID-19 national emergency. Photo by iStock In addition to providing emergency financial assistance for Americans affected by COVID-19, the $2 trillion stimulus package passed by Congress in March has certain provisions that will better position banks to help borrowers survive this time, a local financial services attorney said. The Coronavirus Aid, Relief and Economic Security Act (CARES Act), a six-part legislative package negotiated by the House and Senate last month and signed into law March 27 by President Donald Trump, has garnered headlines for many...