Regulatory Alerts2025-01-13 | FIL-1-2025Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires and Straight-line Winds
The Federal Deposit Insurance Corporation (FDIC) has issued regulatory relief measures to assist California financial institutions and borrowers impacted by recent wildfires and straight-line winds. The agency encourages banks to extend repayment terms, restructure loans, and make community development investments without examiner criticism or Community Reinvestment Act penalties. Affected institutions may also request delayed reporting, expedited temporary facility approvals, and exemptions from certain publishing requirements by contacting the San Francisco Regional Office.
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