Regulatory Alerts2025-06-02 | FIL-19-2025Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Wildfires and Straight-line Winds
The Federal Deposit Insurance Corporation has issued supervisory relief to FDIC-supervised financial institutions operating in seven Oklahoma counties affected by recent wildfires and straight-line winds. The agency encourages prudent loan restructuring and repayment term extensions without regulatory criticism, while granting favorable Community Reinvestment Act consideration for related community development activities. Institutions may request delayed filing deadlines, expedited temporary banking facility approvals, and modified three-day rescission periods for principal dwelling-secured loans to address disaster-related operational disruptions.
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