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For Immediate Release
January 11, 2019
ABA Media Contact: Ian McKendry
(202) 663-5473
Email: 
imckendry@aba.com
Follow us on Twitter: @ABABankers

ABA Statement on Partial Federal Government Shutdown

By Rob Nichols, ABA president and CEO

​“With the partial government shutdown continuing to impact federal employees and everyday citizens around the country, we urge the administration and Congress to end the standoff before it does any more damage to the economy. Our member banks across the country report that the shutdown is starting to take a toll on local communities, preventing customers from securing mortgage approvals and small business loans, while threatening even more harm if the impasse continues. 
 
 
"We call on all sides to work in good faith to end the shutdown for the good of the country. Until then, banks will continue to offer assistance to customers directly affected including fee waivers, loan modifications and payment deadline extensions depending on individual circumstances. We applaud these institutions for helping their fellow Americans during this period of hardship.”
 
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The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans. Learn more at aba.com.