Thursday, January 17, 2019

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Businesses step up to aid furloughed federal workers

MIDDLETOWN – As the partial federal government shutdown continues with thousands of employees laid off and others required to work without a paycheck, businesses are offering to help.

Orange Bank & Trust Company, headquartered in Middletown, announced initiatives to assist clients who are directly impacted by the shutdown.

The bank will defer mortgage and loan payments for up to six months or until the end of the government shutdown, whichever comes first, and any credit reporting requirements will be suspended during that time.

Orange Bank & Trust will also waive deposit account charges as well as any late fees or early withdrawal penalties for their affected customers.

“We understand the financial stress on clients created by the government shutdown and will work with them to provide financial assistance based on their individual circumstances and needs,” said President Michael Gilfeather. “We all hope this will be resolved soon, but in the interim the bank stands ready to help those who may need support.”

Airbnb said all executive branch employees who share their home for three nights anytime over the three months between December 18, 2018 and March 18, 2019 will get paid an extra night on us – up to $110, which is the average per night income of their US hosts.

“As the typical US host makes approximately $8,700 a year from sharing their home, we hope this boost will serve to supplement the income government employees already earn from home sharing, helping to address fast emerging financial challenges for the foreseeable future,” according to a company statement released Wednesday.

 


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