Federal Reserve to Increase Credit Flow

The Federal Reserve announced it will be expanding investment in a variety of credit backing institutions. The goal is to make it easier for lenders to work with companies, student loan holders and other individuals impacted by COVID-19. The stimulus will be accompanied by guidance encouraging banks to be flexible with customers experiencing financial challenges. For more information: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm