Banks get outfront of coronavirus woes, may offer customers breaks

Twitter suspends travel as companies grapple with coronavirus


The coronavirus outbreak is spreading and now we’re looking at a potential financial threat to everyday consumers.

Banks and the federal government are increasingly recognizing this reality. It’s not just about stocking up on hand sanitizer and toilet paper. It may indeed be about preparing to pay your bills. 

Citi, for example, reached out to its credit card customers via email to address concerns about COVID-19.

Among other things, Citi encouraged customers to access their accounts from home 24/7 to manage their money digitally. And if customers faced a loss of income, perhaps due to a temporary shutdown at a brick-and-mortar store or factory, Citi said it was ready to offer its support and “dedicated assistance” programs. 

Feels like 2008?:Here’s how the coronavirus crisis is different

Coronavirus price gouging:Face mask prices increased 166% on Amazon, report finds


Source link

By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.