With thousands of federal employees and government contractors affected by the longest shutdown in U.S. history, America’s banks are working to support these individuals and their families that may be experiencing financial hardship. A new ABA.com webpage highlights these efforts, which include offering interest-free payroll advances or other low-interest loans; waiving fees; making loan modifications; and extending payment deadlines depending on individual circumstances.
The American Bankers Association continues to call on Congress and the Trump administration to work quickly to reopen the government, noting that a prolonged shutdown could have significant effects on consumers and the economy. ABA encourages banks to share how they are helping and be added to the list by contacting the association.
