Regulatory Alerts2025-01-01 | Bulletin 2025-7Bulletin 2025-7: Providing relief and assistance to individuals affected by the federal government shutdown
The Oregon Division of Financial Regulation issued Bulletin 2025-7 to encourage state-regulated financial institutions and entities to take active measures assisting individuals impacted by the federal government shutdown. The guidance outlines specific accommodations for collection agencies, depository institutions, mortgage servicers, and pawnbrokers, including waiving fees, deferring payments, suspending collections, and postponing foreclosures. These voluntary measures aim to mitigate temporary financial hardships for Oregon residents, such as furloughed federal employees, while ensuring compliance with existing statutes and regulations.
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