State Regulators in the Pandemic: Upholding the Triple Mandate
State regulators are charged with upholding a unique "triple mandate." In addition to protecting consumers and ensuring the safety and soundness of the financial system, state regulators are also responsible for supporting the health of local communities. As the pandemic spread in the spring of 2020, state regulators took swift action to cushion the economic blow on local communities by dramatically changing their processes and providing relief to those in need. Today, we take an in-depth look at how state regulators have upheld their triple mandate during these unprecedented times.
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