Regulatory Alerts2025-07-11 | FIL-29-2025Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms, Straight-line Winds, and Flooding
The Federal Deposit Insurance Corporation (FDIC) has issued supervisory relief to assist financial institutions in Texas, particularly Kerr County, following severe storms, straight-line winds, and flooding. The agency encourages prudent loan restructuring, offers favorable Community Reinvestment Act consideration for disaster-related investments, and grants flexibility on filing, publishing, and consumer rescission requirements. Institutions may also request expedited approval for temporary banking facilities and extended reporting deadlines, with the FDIC evaluating delays caused by factors beyond their control.
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