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Waters Urges Financial Institutions: Describe Your Activities To Help Customers Affected by the Shutdown

House Financial Services Chairwoman Maxine Waters (D-CA) has written to the heads of the financial services industry trade associations and the largest credit reporting agencies and called on them to describe what their institutions and member companies are doing to help consumers affected by the Trump shutdown.

She wrote:  “President Trump’s shutdown of the federal government is inflicting tremendous harm to millions of Americans. Affected employees, contractors, and other individuals who did not cause the shutdown and should not suffer any adverse consequences from these circumstances. It’s in no one’s interest to punish those who may be enduring financial stress through no fault of their own.  I appreciate that some of your institutions and member companies have already been announcing accommodations for affected consumers, but it is important that there be a robust effort by all institutions to do what they can to help. I ask that each of you provide a prompt written response no later than January 25, 2019, to describe what your institutions and member companies are doing to help innocent consumers in response to this unprecedented federal government shutdown.” 

Read the full letter.

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