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Email On April 9, 2020, the Federal Reserve unveiled an array of additional programs to bolster the U.S. economy in response to the COVID-19 pandemic. One of those programs is aimed at expanding the coverage of the Federal Reserve’s previously announced Term Asset- Backed Securities Loan Facility (TALF). TALF is a facility intended to help lenders meet the credit needs of households and U.S. businesses by supporting the issuance of asset-backed securities. https://www.cadwalader.com/resources/clients-friends-memos/covid-19-update-federal-reserve-broadens-range-of-eligible-collateral-for-term-asset-backed-securities-loan-facility-talf