BMO Harris Bank, one of the largest lenders to the trucking industry, introduced a financial relief program for those impacted by COVID-19.
Relief for small businesses and customers may include payment deferrals on credit cards, mortgages, home equity, auto, personal and small business loans for up to three months; fee waivers for checking and savings accounts; and removing some penalties. The bank has also paused foreclosure and repossession actions for consumers with COVID-19 related circumstances.