Press Releases

Luetkemeyer Introduces Bill to Allow Financial Institutions Provide Flexibility and Forbearance to Customers

Washington, August 4, 2020

WASHINGTON, D.C. – On Friday, Congressman Blaine Luetkemeyer (MO-03) introduced a bill that would help financial institutions provide flexibility and forbearance to their customers following the economic interruption caused by COVID-19.

“The COVID-19 pandemic has created an uncertain economic climate for the entire country. It has become clear that as the shutdown has lingered across the country and businesses look to get back on their feet, financial institutions will need to provide flexibility and forbearance to their customers for an extended period of time that goes beyond the provisions included in the CARES Act. My bill will provide a long-term solution to help get American businesses both large and small through this precarious time and our economy back on its feet. 

Click HERE for bill text.