As Hurricane Irene has left East Coast residents with rushing water, power outages and mounting bills, some banks are offering financial help.
Banks and credit unions are temporarily waiving overdraft fees, letting customers skip payments and offering low-cost loans to relieve some of the financial burden on hurricane victims.
“When we went through Hurricane Katrina, we learned a lot,” says Ryan McInerney, CEO for JPMorgan Chase’s consumer banking. “What we created was a playbook that we can use in natural disasters like this.”
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