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On January 19, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) published a special edition of its Supervisory Highlights focused on its COVID-19 Prioritized Assessments. As Cadwalader previously wrote, the CFPB announced in July 2020 that it had sent targeted information requests to supervised financial institutions regarding the consumer risks posed by the pandemic, including how institutions were implementing the special borrower protections under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Among its many features, the CARES Act provides relief to consumer and small business borrowers, such as the temporary small business lending program known as the Paycheck Protection Program (PPP), forbearance programs for federally backed mortgages and student loans, and amendment of certain provisions of the Fair Credit Reporting Act (FCRA) to address reporting of delinquent or defaulted loans. Fi