Bank of America becomes first major lender to allow mortgage payment pause during the coronavirus pandemic
Bank of America becomes first major lender to allow mortgage pause as Ilhan Omar praises Trump’s coronavirus responseBANK of America has become the first major lender to allow customers to defer payments on mortgages in wake of theThe bank made the announcement on Thursday as part of the support measures it is providing customers during this time of crisis.Credit: Reuters
President of Consumer and Small Business at Bank of America said, Dean Athanasia, said in a press release, "Our clients rely on us every day and for every aspect of their financial lives. Omar, who is usually a critic of the White house, went on say: "This is a great start and hope others will be part of a united front to push for good policies that will help us work through the economic anxiety the country is feeling right now."
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