Regulatory Alerts2024-09-27 | FIL-68-2024Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Georgia Affected by Tropical Storm Debby
The Federal Deposit Insurance Corporation (FDIC) issued regulatory relief measures to assist financial institutions and borrowers in Georgia affected by Tropical Storm Debby. The guidance encourages banks to extend repayment terms, restructure loans, and maintain community development investments without examiner criticism while offering favorable Community Reinvestment Act consideration. Affected institutions may also receive extensions for filing and publishing requirements, expedited approval for temporary banking facilities, and adjusted consumer rescission periods to support disaster recovery operations.
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