Regulatory Alerts2024-10-15 | FIL-73-2024Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arizona Affected by the San Carlos Apache Tribe Watch Fire
The Federal Deposit Insurance Corporation has granted regulatory relief to financial institutions in Arizona affected by the San Carlos Apache Tribe Watch Fire. Banks may extend loan repayment terms, restructure existing loans, and receive favorable Community Reinvestment Act consideration without examiner criticism. The agency will also ease specific filing and publishing requirements while expediting requests for temporary banking facilities to support community recovery.
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