To apply for the U.S. Bank’s loan, customers should call its designated federal government shutdown line at (877) 760-6046.
Bank of America has donated $10,000 to an emergency assistance fund to help furloughed workers with food, rent and utility payment assistance.
Ally Financial Inc., a bank holding company headquartered in Detroit, is expanding its assistance program to provide aid and resources for customers affected by the partial U.S. government shutdown to include expedited check fee waivers; CD early withdrawal penalty waivers; refunds of non-sufficient funds fees; refunds of transaction fees wire fee waivers; late charge waivers; and payment extensions.
TD Bank is offering payment assistance to federal employees and contractors who receive federal benefits. Qualifying applicants can enroll in the TD Cares Payment Assistance Program to help meet day-to-day financial needs during the partial government shutdown. The program benefits will extend until those impacted once again begin receiving their regular government pay.
Marcus by Goldman Sachs has a loan deferment program that allows qualifying customers to postpone making a payment on their loan for one month, and there will be no interest charged to the customer during the deferral. For further information on the program, customers can call (844) 627-2876.
Social Finance, Inc., known as SoFi, is an online personal finance company headquartered in San Francisco that provides student loan refinancing, mortgages and personal loans. SoFi is offering assistance on a month-by-month basis to customers that are federal employees affected by the shutdown. Contractors are not eligible for the shutdown assistance program.
SoFi personal loan customers can call the company’s Special Handling Team at (844) 975-7634. Customers with student loans should call (888) 866-4352 to discuss their options.
The LendingClub, an online lender headquartered in San Francisco, is also extending a helping hand to unpaid or furloughed government workers on a case-by-case basis. It offers customers experiencing a hardship caused by the shutdown a 3-month grace period and waiver of late fees. In addition, LendingClub will report to credit bureaus that timeliness of payment may have been impacted by the shutdown.
For further information, customers can call LendingClub at (888) 596-3157.
The shutdown, now in day 28, is the result of a stalemate between President Donald J. Trump and Congressional Democrats feuding over funding for a southern border wall that a majority of Americans do not support, according to numerous polls.