Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Federal Workers Turn to Small Dollar Loans During the Shutdown
ShareTweet
Home
Fintech
Federal Workers Turn to Small Dollar Loans During the Shutdown

Federal Workers Turn to Small Dollar Loans During the Shutdown

Peter Renton·
FintechNews RoundupUSA
·Jan. 25, 2019·1 min read

A beneficiary of the government shutdown are the small dollar lenders as more federal workers turn to them to make ends meet; these loans offer high interest rates and are often predatory in nature but they are attractive to many Americans who feel like they have no other alternative; but there are alternatives, many credit unions and community banks are offering interest free loans to government workers payable after the shutdown ends; there is also a bill before Congress to offer $6,000 no-interest loans to all federal employees affected by the shutdown. Source.

  • Peter Renton
    Peter Renton

    Peter Renton cofounded Fintech Nexus as the world’s largest digital media company focused on fintech before it was acquired by Command. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Tags
community bankscredit unionsgovernment shutdownpayday loanssmall dollar lending
Related

Lawsuit, subpoena, have fintechs revisiting AI

AI as a credit union fraud-fighting tool

man looking at laptop and phone

CashBack+ adds banking option, boosts credit union members’ balances

Will Embedded Finance Make Software Companies the New Community Banks?

Popular Posts

Today:

  • Fintech Nexus HeaderPeter Renton looks at how AI is Changing Banking  Aug. 28, 2025
  • AI Nexus HeaderAI: Job Maker or Taker? Sep. 3, 2025
  • Physical AI’s Picks & Shovels MomentPhysical AI’s Picks-and-Shovels Moment Jul. 23, 2026
  • 196The Situational Awareness $45B Fallout – AI’s Big Risk is Not AGI, it’s Artificial Consensus Aug. 6, 2026

This month:

  • AI Nexus HeaderAI: Job Maker or Taker? Sep. 3, 2025
  • Sam TegelElectronX CEO Sam Tegel on Building a New Market from Scratch Aug. 13, 2026
  • Fenrock“A race against time” – Fenrock AI’s CEO on fighting the impending wave of AI fraud May. 7, 2026
  • Fintech Nexus – Newsletter Creative (1)AI-Driven Commerce & The Dying Art of the Deal Sep. 25, 2025
  • FNLiquidity Risk Is Back on the Table —What Could That Mean for Fintech? Nov. 25, 2025
  • Fintech Nexus HeaderPeter Renton looks at how AI is Changing Banking  Aug. 28, 2025
  • 196The Situational Awareness $45B Fallout – AI’s Big Risk is Not AGI, it’s Artificial Consensus Aug. 6, 2026
  • Physical AI’s Picks & Shovels MomentPhysical AI’s Picks-and-Shovels Moment Jul. 23, 2026
  • TitoEscaping the demo: The founders building the foundation for medtech physical AI Jul. 23, 2026
  • FUTURE NEXUS IMAGE TEMPLATES!! (2)OCC Hints at Trouble for Charters Jun. 18, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results