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Nancy Pelosi, Mike Pence, President Trump and Chuck Schumer in the Oval Office. Photo: Jabin Botsford/The Washington Post via Getty Images

Some banks are forgiving late payments and service fees from customers among the approximately 800,000 federal workers affected by the partial government shutdown, which is in its third week.

Details: Wells Fargo will be automatically reversing monthly service, overdraft and insufficient fees, a spokesperson tells Axios, which Chase and Capital One are already doing. Capital One is also extending some loan payment due dates and waiving or refunding some credit card fees. Bank of America is working with customers on fee refunds, waivers, repayment plans and loan modifications.

  • Customers that are borrowing from Chase via a credit line or for a mortgage should reach out directly to Chase to work out the details on assistance. Those having difficulty paying off loans can work to set up assistance options with Wells Fargo, its corporate communications adviser told Axios.
  • PNC suggested customers reach out directly when reached for comment.

Between the lines: These banks are often deciding forgiveness options on a case-by-case basis, and each of these banks indicated federal workers should get in touch with their banks directly to work out the details.

Other assistance, per CNN:

  • "First Command [Financial Services] is offering its members who are federal employees interest-free payroll advances."
  • "Democracy Federal Credit Union is offering a short-term emergency loan with 0% interest."
  • USAA Bank and Transportation Federal Credit Union said they will "provide low-interest loans to their customers."

The other side, via CNN: "While federal employees typically receive back pay after the government reopens, federal contractors often do not. That means lenders can't necessarily count on contractors being able to quickly repay the loans or advances."

The bottom line: Now that the shutdown is crossing over into a new pay period, some federal workers who have exhausted their savings and other backup options in lieu of getting paid may start to feel the squeeze more, especially as President Trump and lawmakers are in a standstill over ending the shutdown.

Go deeper

Updated 39 mins ago - Economy & Business

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

Tina Reed, author of Vitals
40 mins ago - Health

Omicron gives a shot to boosters

Expand chart
Data: CDC; Chart: Will Chase/Axios

Vaccination rates have ticked higher since the discovery of the Omicron variant, CDC data shows.

By the numbers: The seven-day average for vaccinations in the U.S. reached about 1.8 million on Monday, up from an average of about 1.3 million a month ago.

Scoop: Over 200 papers quietly sue Big Tech

Illustration: Allie Carl/Axios

Newspapers all over the country have been quietly filing antitrust lawsuits against Google and Facebook for the past year, alleging the two firms monopolized the digital ad market for revenue that would otherwise go to local news. 

Why it matters: What started as a small-town effort to take a stand against Big Tech has turned into a national movement, with over 200 newspapers involved across dozens of states.