Beatty Calls on Regulators and Financial Institutions to Protect Americans and the Financial System from Impact of Coronavirus
WASHINGTON, D.C. - Yesterday, U.S. Congresswoman Joyce Beatty (OH-03), Chair of the House Financial Services Subcommittee on Diversity and Inclusion, joined Financial Services Committee Chairwoman Maxine Waters (D-CA) and fellow Subcommittee and Task Force Chairs in sending six letters to Trump Administration officials, prudential regulators, financial services organizations, and credit reporting agencies expressing concerns about risks related to coronavirus disease 2019 (COVID-19) and the steps they are taking to prevent Americans and the financial system from being harmed further.
“The Financial Services Committee is taking immediate action to respond to the serious threats that the coronavirus is posing to our nation,” Beatty said. “We want to ensure American consumers and hardworking families do not face negative financial consequences to their credit scores, assessed late fees or other banking penalties, or face hardship in making home, auto, student or small business loan payments due to the coronavirus.” She continued, “Of particular importance to me is making sure that the Department of Housing and Urban Development is providing adequate resources and guidance to affordable housing and public housing providers, especially those who provide housing to older Americans who are more susceptible to the virus.”
For more information, or to read copies of the letters, please visit the Financial Services Committee’s website.