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Report shows while CARES programs helped, vulnerabilities remain

Banking, Financial Stability, Nonbank Financial
Friday, October 22, 2021
The Government Accountability Office (GAO) is required to periodically report on the loans, loan guarantees, and investments out of the funds appropriated under section 4003(b)(4) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

In its most recent report, the GAO found while the CARES Act programs helped improve liquidity and access to credit in the targeted markets, vulnerabilities still remain.

Read on for more details.


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