Local lenders welcome flexibility to work with borrowers under stimulus package

THE STIMULUS PACKAGE includes relief on troubled debt restructuring, which local lenders say will give them needed flexibility to work with struggling borrowers. / AP FILE PHOTO/CAROLYN KASTER
PROVIDENCE – Paycheck relief loans are the topic du jour when it comes to the federal stimulus package and lenders, but that’s not the only way the $2 trillion relief plan is affecting financial institutions. The Coronavirus Aid, Relief, and Economic Security Act lays out a number of changes aimed at easing the burden on…

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