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First two results returned by searching for "federal shutdown loan" show 0% interest loans: https://www.navyfederal.org/about/government-shutdown.php https://w
by AlexTWithBeard 8y ago
First two results returned by searching for "federal shutdown loan" show 0% interest loans:
https://www.navyfederal.org/about/government-shutdown.php https://www.navyfederal.org/about/government-shutdown.php
https://www.interiorfcu.org/resources/government-shutdown/ https://www.interiorfcu.org/resources/government-shutdown/
I don't see how is it predatory.
Considering that it costs bank about 2% to borrow money this is borderline charity.
- mikeash 8y agoThose are credit unions aimed at federal employees. Which means that a large chunk of their ownership is people affected by the shutdown. That’s not charity so much as helping themselves. Which is still great, obviously, but I wonder how it is for affected people who don’t belong to federal employee credit unions.
- AlexTWithBeard 8y agoChase and Citi have similar programs as well: https://online.citi.com/JRS/pands/detail.do?ID=USGovShutdown&JFP_TOKEN=P9ZONSKP https://online.citi.com/JRS/pands/detail.do?ID=USGovShutdown... https://media.chase.com/news/chase-assists-federal-employees-affected-by-government-shutdown https://media.chase.com/news/chase-assists-federal-employees... It's one of those cases when every dime in interest will cost you a dollar in reputation.