Of course they can. A bank would have no problems giving out loans given the pay is coming eventually.
I hope these hypothetical banks will also be giving these theoretical indefinite loans interest free.
Re:Ground stop at JFK due to staffing
by hshdhdhehd on Thursday October 30, 2025 @11:43PM
(#45768179)
Citation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%?
I worked at a payroll backed loan company and can say there is not many people in the space, for many good reasons.
These banks do not exist.
Re:Ground stop at JFK due to staffing
by nobody9999 on Friday October 31, 2025 @05:53AM
(#45770167)
>Citation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%?
I'm not a Federal employee and I don't know the details, but there's a banner on my bank's (Chase) website (after you log in) suggesting that they have mechanisms to assist those who aren't getting paid.
What those are, I have no idea. It may well be high interest loans or no interest loans. Or it may waive fees on overdrafts. Again, I don't know. But banks are taking note and communicating with their customers about it.
Re:Ground stop at JFK due to staffing
by hshdhdhehd on Friday October 31, 2025 @06:56AM
(#45770620)
I see. I imagine its good PR like that cafe giving free lunches in DC.
And as others are saying, plenty of people can't afford to work for no pay indefinitely.