U.S. regulators urge banks to work with borrowers during shutdown


  • World
  • Thursday, 10 Oct 2013

WASHINGTON (Reuters) - U.S. regulators on Wednesday urged banks to go easy on borrowers who are having trouble making payments on mortgages, student loans and other debt because of the federal government shutdown.

The government has been partially closed since funding ran out on October 1 and lawmakers failed to agree on a new budget deal. Safety workers and others deemed "essential" have been working without pay, while hundreds of thousands of others were sent home until their agencies re-open.

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