US Senate passed a bill authorizing the addition of $310 billion to the Paycheck Protection Program (PPP)

The Senate on Tuesday approved approximately $484 billion in new coronavirus aid for small companies and hospitals and extra funding for testing, ending a long battle over the size and contents of the package.

The deal includes an added $310 billion for the Paycheck Protection Program (PPP), including $60 billion especially for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants, according to a summary obtained by The Hill.

Congress recently faced calls to immediately replenish the PPP funds after the initial $349 billion appropriated.

Late last week amid massive levels of interest from independent contractors and businesses that have been struck by the coronavirus. The agreement provides $310 billion for the program as well as an additional $10 billion for organizational costs and fees.

Covid-19 Reilef – Citi Bank Covid-19 Relief

For Retail Bank Clients: Fee waivers on monthly service fees; waived penalties for early CD withdrawal.

For Retail Bank Small Business Customers: Fee waivers on monthly service fees and remote deposit capture; waived sanctions for early CD withdrawal; Bankers available after hours and on weekends for support

For Credit Cards: Waiver of the minimum payment due requirement and late fees for 2 statement cycles. Your account would be reported as current to the credit bureaus during the waiver period unless your account was delinquent before the waiver period began.

For Mortgages: Citi’s mortgage sub-servicer Cenlar FSB is offering 90-day forbearance for Citi’s mortgage loans where the borrower is enduring hardship, during which there will be no unfavorable reporting to the credit bureaus for up-to-date customers. Also, foreclosures and evictions have been paused.

Student Loans: Citi is granting forbearance programs for student loans.
https://online.citi.com/US/JRS/pands/detail.do?ID=covid19

Covid-19 Reilef Chase Bank Covid-19 Relief

Chase Bank is supporting clients in the U.S. impacted by COVID-19 to reach out to discuss your situation and find a solution for you.
https://www.chase.com/digital/resources/coronavirus

You can now apply online to delay up to three payments on your individual or business credit card if you’ve been affected by COVID-19.
https://www.chase.com/digital/resources/coronavirus/credit-card-relief-programs

They’ve added a page specifically devoted to clients who require mortgage relief.
https://www.chase.com/digital/resources/coronavirus/mortgage

For Auto Loan and Lease customers, Chase is offering a lease-end extension. By proceeding to make your monthly payments, you may extend the term of your Lease Agreement for up to six months to allow you extra time and flexibility.
https://www.chase.com/digital/resources/coronavirus/auto-lending

Covid-19 Reilef Stimulus Payment Updates

The IRS has designed a site where taxpayers who have selected to receive paper check refunds on their latest return (2018 or 2019), can now register to accept Direct Deposit for their Stimulus Payment.
You can also check the state of your payment if you are already set up for Direct Deposit but haven’t received your refund yet.

The site also allows you to update your posting address if you recently moved.
To register for Direct Deposit, check the status of your payment, or change your address click here.

Note: We’ve heard back that for some eligible recipients who have not received their Direct Deposit yet, the site returns an error when attempting to track the status. We suggest you check back daily, as the IRS is sure to update these errors.

Paper checks are scheduled to go out intermittently from April through September, with lower income recipients receiving theirs first.

COVID-19 Relief – Sprint Coronavirus Relief

Sprint is offering unlimited data for customers and waiving late fees for the next 60 days.
https://newsroom.sprint.com/covid-19-updates-sprint-responds.htm

COVID-19 Relief – BMW Coronavirus Relief

COVID-19 Relief – T-Mobile Coronavirus Relief
T-Mobile is offering unlimited data for customers and suspending late fees for the next 60 days.
https://www.t-mobile.com/brand/ongoing-updates-covid-19

COVID-19 Relief – Lexus Coronavirus Relief

Lexus is supporting customers in the U.S. impacted by COVID-19 to reach out to discuss your situation and find a solution for you.

https://www.lexusfinancial.com/us/en/covid-19.html

General Motors (Chevy, Chevrolet, Buick, GMC, and Cadillac) is encouraging buyers in the U.S. impacted by COVID-19 to reach out to discuss your condition and find a solution to help you.
https://www.chevrolet.com/chevy-cares-were-open

You can also receive free On-Star and free in-vehicle internet.
https://www.onstar.com/us/en/onstar-cares/

Xfinity WiFi hotspots across the country will be available to anyone who needs a connection to the internet – including non-Xfinity Internet subscribers.
https://wifi.xfinity.com/