New York Halts Collection of Student Loan Debt

Forbes (Mar. 17, 2020): New York Stops Collection Of Student Loan Debt

Effective immediately, Cuomo and New York Attorney General Letitia James say that New York state will temporarily halt the collection of student loan debt owed to the State of New York and referred to the Office of the Attorney General for collection. The halt, which will last until at least April 15, 2020 and also will include collection of medical debt, is intended to provide financial relief for families who are impacted by the coronavirus.

Federal Reserve to Offer Emergency Loans to Money Market Mutual Funds

Board of Governors of the Federal Reserve System (Mar. 18, 2020): Federal Reserve Board broadens program of support for the flow of credit to households and businesses by establishing a Money Market Mutual Fund Liquidity Facility (MMLF) (March 18, 2020).

NY Times (Mar. 19, 2020): Federal Reserve Gives Emergency Aid to Mutual Funds 

Boston College Law School Regulatory Response Tracker

This website will track legislation and regulatory responses to the economic and financial aspects of the Coronavirus (COVID-19) crisis.

Our draft working paper “Regulating in Pandemic: Evaluating Economic and Financial Policy Responses to the Coronavirus Crisis,” is available on SSRN. The current draft describes House Bill H.R. 6201 the “Families First Coronavirus Response Act), passed by the house on March 14. The paper will be updated to reflect further legislative and regulatory developments.