With legislative packages worth trillions of dollars, the federal government wove a temporary safety net that provided help for people dealing with lockdowns, job losses and worse. But many of the most far-reaching protections, including eviction moratoriums and expanded unemployment benefits, are about to expire. Millions of people will still be collecting money from federal pandemic unemployment supports when they expire on Sept 6, said Andrew Stettner, a senior fellow at the Century Foundation. STUDENT LOANSPayments for most federal student loan borrowers have been paused since March 2020, though borrowers have had the option to continue making payments. MORTGAGE FORBEARANCEMillions of homeowners with federally backed mortgages have opted to temporarily pause their loan payments, a form of relief offered since March 2020.

Source: bd News24 July 19, 2021 08:03 UTC