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Poe urges banks to suspend penalties on delayed bill payments

Senator Grace Poe is calling for compassion from banks and private financial institutions to be more understanding on delayed payment of bills and obligations due to the coronavirus disease or COVID-19 threat. 
Poe said that the COVID-19 situation made it difficult for those who work on a day-to-day scheme and ‘no work no pay’ policy.
 
“We seek the compassion and goodwill of companies in making sure that there will be no service interruption, disconnections or penalties as a result of the unwanted delay in payment,” Poe said in a statement.
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“Everyone wants to settle his obligations on time,” she added.
 
“For those who have the means to pay, the last thing we want to see are kilometric queues in banks and payment centers beating the closing time in paying their bills,” the senator added reminding that social distancing is one of the countermeasures encouraged to combat COVID-19. 
 
“We urge concerned government agencies to flesh out the details of this proposed measure, such as the reasonable time when payments can be accommodated,” the senator said.
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“As the nation continues to grapple with the coronavirus, we will continue to seek for ways to ease the burden on the people and to ensure that their general welfare is protected,” the senator added.

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