Finance & markets · 27/04/2020

Bureau of Consumer Financial Protection Issues Guidance on Pandemic Relief Payments Under Regulation E

The Bureau of Consumer Financial Protection is issuing an interpretive rule to provide guidance on pandemic-relief payments, concluding that certain payments are not subject to the compulsory use prohibition in Regulation E if they meet specific conditions, such as being made in response to the COVID-19 pandemic and not part of an established government benefit program.