Regulatory Alerts2024-10-18 | FIL-76-2024Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by Flooding
The FDIC announced regulatory relief to assist depository institutions and borrowers in Alaska’s Juneau Borough following significant August 2024 flooding. The agency encourages banks to restructure loans and extend repayment terms without examiner criticism, while granting favorable Community Reinvestment Act consideration for disaster-related investments. Furthermore, the FDIC provides temporary relief from specific filing and publishing requirements and supports expedited approvals for temporary banking facilities to maintain community access.
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