Overview
- About 1.4 million federal employees have missed at least one paycheck, according to the Bipartisan Policy Center.
- Major banks including Bank of America, Chase, TD Bank, BMO, Citibank, Capital One and Wells Fargo are offering fee waivers, payment deferrals and other relief.
- USAA has provided over $365 million in no-interest, no-fee loans to more than 119,000 members, with loans equal to one net paycheck up to $6,000 and a grace period before repayment.
- Credit unions serving federal and military workers expanded emergency lending, with Navy Federal reporting significantly higher enrollment and Redwood Credit Union issuing zero-interest loans.
- Maryland enacted targeted help, including a state of emergency, $10 million for food banks and a $700 loan program repayable 45 days after the shutdown ends, while workers remain entitled to back pay with timing uncertain.