How are consumers and banks handling loans in the age of COVID-19?

The current state of the American economy has everyone on the edge as unemployment hits record numbers. The New York Times reports that the number of jobless claims has reached 16 million, while Fortune magazine reports it is likely that unemployment rates are at 14.7%and not at the official rate of 4.4%. This dire economic state is leaving millions of Americans wondering whether or not these changes will be a long setback until the adequate containment of COVID-19, or if this crisis will continue for years to come. In the meanwhile, as millions file for unemployment, the question centers arou…

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