U.S. Bank is letting customers who have lost income due to the state of Minnesota government shutdown skip one monthly payment on most types of loans without penalty.
Roughly 23,000 state workers were laid off July 1 after the Gov. Mark Dayton, a Democrat, and the Republican-controlled Legislature failed to reach a budget agreement.
In a news release Monday, Minneapolis-based U.S. Bank said Monday that its "Skip a Payment" program would be available to all customers who have been affected by the shutdown and were current on their accounts as of June 30.
Those customers that enroll in the program will be allowed to skip one payment on mortgage, home-equity, credit card, small-business and most types of consumer loans without incurring any late fees, penalties or impact to their credit scores, though interest on the loans will continue to accrue.
U.S. Bank is a subsidiary of U.S. Bancorp. It is the fifth-largest commercial bank in the country, with $311 billion of assets and nearly 3,100 branches in 25 states.
