I don’t want to get too carried away with this and suggest that online bank ING is above reproach, but it’s letting several hundred of its customers skip a monthly mortgage payment.
It’s interesting, based on interviews of two of the beneficiaries of this action, what kind of impact this has had on customers.
What’s even more interesting is the fact that ING, based on the most current list of financial institutions to receive money from the Troubled Asset Relief Program, hasn’t yet asked for money from the $700 billion rescue plan.
Merry Christmas, ING customers!