On Wednesday March 25, 2020, the U.S. Senate passed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act by a unanimous 96-0 vote. The U.S. House passed the bill on Friday March 27, and President Trump signed the bill into law hours later. Included in the new law are several provisions which directly affect the operation of aspects of the default mortgage industry, which go into effect immediately. The applicable portion of the new law affects those in the collections industry not only in Wisconsin, but nationwide. Read the entire text by clicking on the header to reveal link.