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Financial Services Law Insights and Observations

SEC: CARES Act, Federal Reserve facilities reduced impact of Covid-19 on U.S. credit market

Federal Issues Covid-19 SEC CARES Act Federal Reserve Consumer Credit Mortgages

Federal Issues

On October 5, the SEC released issued a report addressing the economic effects of the Covid-19 pandemic on the U.S. credit markets. The report concludes that the immediate and multi-faceted actions taken by the Federal Reserve and under the CARES Act were instrumental in relieving stress in the credit market, stabilizing housing prices and sustaining consumer spending. The SEC will hold roundtable discussion with U.S. and international regulators on October 14 to discuss the report and related policy issues.

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