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Statement

ABA Statement on Partial Federal Government Shutdown

“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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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.

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Ian McKendry

(202) 663-5473

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