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The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act are intended to assist business owners with whatever needs they have right now.

The Senate took action late last night, passing the $2 trillion economic stimulus bill that now heads to the House for approval, and includes key provisions giving credit unions parity with banks.

Here's a breakdown of what is included in section 1106 of the federal economic relief bill passed by the U.S. Senate late Wednesday night.

The Families First Coronavirus Response Act takes effect on April 2, 2020 and will sunset on Dec. 31, 2020.

The Administration also launched the new COVID-19 Layoff Aversion Fund.

The MD|DC Credit Union Association strongly advocates for credit union provisions as the third phase of a federal stimulus is considered.

The MD|DC Credit Union Association sent a letter to the Federal Reserve Board on Thursday to express concerns related to the transfer limit imposed by Regulation D.

Following actions taking at the local and state levels, the Federal Housing Administration (FHA) has implemented an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days.

The Federal Reserve Board on Wednesday broadened its program of support for the flow of credit to households and businesses by taking steps to enhance the liquidity and functioning of crucial money markets.