Last updated April 8, 2022
Below are selected websites from reliable sources, vetted by our Law Librarians. This is not an exhaustive list of information available on this topic, but a starting point to provide you with basic information during this pandemic.
In addition to posing a threat to our physical health, COVID-19 is affecting the financial health of many consumers. Below you’ll find information on FDIC response to COVID-19 for consumers and businesses, credit reporting, updates regarding student loans, and information on protecting your finances.
The Consumer Protection Bureau published an update of recently extended financial protections for federally held student loans, evictions, and some mortgages: Struggling during the pandemic? COVID-19 financial relief and protections extended
The Consumer Financial Protection Bureau recently published a report titled ‘The Early Effects of the COVID-19 Pandemic on Consumer Credit.” The focus of the report is on consumer credit outcomes as a result of the immediate and dramatic shocks to consumers and household income in the early months of the COVID-19 pandemic.
The FDIC has updated information for coronavirus (COVID-19) consumers and bankers: https://www.fdic.gov/coronavirus/index.html
The National Consumer Law Center has made the digital version of their popular publication, Guide to Surviving Debt, available for free during the COVID-19 pandemic. https://www.nclc.org/for-consumers/guide-to-surviving-debt.html
If your finances have been affected by COVID-19, steps you can take to protect your credit score include continuing to make minimum monthly payments. If that is not possible, contact your creditors about making a payment plan. For more information on COVID-19 and your credit score, click the links below for updates from the three major credit reporting agencies.
Article from National Consumer Law Center (NCLC) on Enforcing the CARES Act Credit Reporting Protections
Until April 20, 2022, credit reports Equifax, Experian, and TransUnion are now free every week : https://www.consumer.ftc.gov/blog/2020/05/credit-reports-are-now-free-every-week
Updated April 6, 2022: Principal and interest payments on federally-held student loans are automatically suspended through August 31, 2022 Read here for more on if you qualify and what it means for your student loan.
The Consumer Financial Protection Bureau has an up to date YouTube channel which covers issues related to consumer debt. Check out the symposium on student loans during the COVID-19 pandemic below:
Federal Student Loan Providers
Stay up to date with with information on federally held student loans at Federal Student Aid, an official website of the U.S. Government. Below is a list of federal student loan providers.
Information from the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is the federal agency tasked with enforcing federal consumer financial laws and protecting consumers in the financial marketplace.
Debt Collection Resources from the Consumer Financial Protection Bureau
If you are facing financial difficulties as a result of the pandemic, we have resources to protect and manage your finances.
Major Consumer Protections in Response to COVID-19
The National Consumer Law Center (NCLC) has compiled a list of major consumer protections announced in response to COVID-19 (updated Aug 13, 2020): https://library.nclc.org/major-consumer-protections-announced-response-covid-19
Protecting Against Creditors’ Seizure of Stimulus Checks. https://library.nclc.org/protecting-against-creditor-seizure-stimulus-checks
Free access to Surviving Debt: Expert Advice for Getting Out of Financial Trouble
The National Consumer Law Center released a new chapter on homeowners rights – read more about it here.
The Federal Trade Commission has information for consumers on coronavirus and mortgages: https://www.consumer.ftc.gov/blog/2020/04/coronavirus-and-your-mortgage?.
Additionally, the National Consumer Law Center has an article about mortgage relief for homeowners effected by COVID-19.
Check out this NCLC Chart which offers information on foreclosure alternatives for borrowers with COVID-19 Hardships.
Consumer Financial Protection Bureau has prepared a guide to coronavirus mortgage relief options.
COVID 19 mortgage relief: 4 things to know from consumerfinance.gov
Resources for Service Members
The National Legal Aid & Defender Association (NLADA) has prepared a resource guide covering COVID-19 Updates and Resources. See section on Housing, Debt, and Consumer Issues.
April 2021 – Summary of COVID 19-related Bankruptcy provisions and sunsets, from NCLC:
Cheat Sheet to COVID-19 Bankruptcy Provisions and Sunsets | NCLC Digital Library
December 1, 2020 Changes to Bankruptcy Rules, Forms, and Fees read more from the NCLC Digital Library here.
San Diego Law Library has an up to date YouTube channel. Please see below for our videos relating to bankruptcy: