In the face of the coronavirus pandemic, the financial stability of millions of Americans is in jeopardy.
In a statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency encouraged banks to work with their customers affected by COVID-19.
A growing number of financial institutions, including Ally Financial, Bank of America, Citi and Fifth Third Bank, have taken steps to offer some assistance.
Much of the aid is offered on a case-by-case basis. However, many lenders have waived fees or deferred payments across the board. Keep in mind that interest may still accrue for each of the deferral programs.
Here is a running list of some of the banks that offer financial aid to those affected by the pandemic. Check back for updates.
Most important, if you are experiencing financial…