Government shutdown

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

For thousands of government employees, credit card bills are coming due for travel and other expenses they incurred before the shutdown.

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Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

Farm Service Agency staff will have three days to work on existing loan applications and provide tax documents for existing loans.

The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season.

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.