Will Help Consumers, Businesses Through The Process
April 1, 2020
Pennsylvania banks are joining with the state’s Bureau of Consumer Protection of the Office of the Attorney General to facilitate the delivery of the recently passed $2 trillion CARES Act. First Commonwealth Bank and PNC Bank are two of the participating institutions.
It is called the PA CARE Package program, according to a story in the Central Pennsylvania Business Journal. Attorney General Josh Shapiro said, “This commitment will help consumers and businesses in western and central Pennsylvania who are facing lost wages, lost jobs and lost income focus on what’s important — staying safe and healthy during this emergency.”
Officials at First Commonwealth Bank, one of many banks to offer customers support during this time of economic uncertainty, extended payment relief to customers by deferring payment on consumer and small business loans, including credit card payments, for three months without Credit Bureau impact.
“Assisting consumers’ facing financial hardship due to this pandemic is a top priority, and we’re proud to be here to help our customers and their businesses through these challenging times,” said Dave Reed, regional president of First Commonwealth Bank, in the article.
Read more about the PA CARE Package program.
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