Banks will waive mortgage payments for California homeowners, governor says

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“Newsom said that he had received “personal commitments” from the heads of Wells Fargo, U.S. Bank, JPMorgan Chase, and Citi that the banks would waive payments owed by customers “affected by COVID-19” for at least 90 days.

More than 200 state-chartered banks have agreed to do the same, Newsom said. Bank of America will give customers only 30 days to catch up on payments.”

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