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Senior Senate Democrats last week introduced legislation that would create a $75 billion Homeowner Assistance Fund to help protect homeowners affected by the coronavirus crisis from avoidable foreclosures, evictions and utility shutoffs.

CUNA, NAFCU and several consumer groups endorsed the legislation, introduced by Sen. Jack Reed (D-R.I.), Senate Banking Chairman Sherrod Brown (D-Ohio) and Senate Appropriations Chairman Patrick Leahy (D-Vt.). The legislation is similar to measures Democrats introduced in the past, but with Democrats in control of both houses of Congress and the White House, it could have a better chance of being enacted this year.

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