Regulatory Alerts2024-10-01 | FIL-70-2024Guidance to Help Financial Institutions and Facilitate Recovery in Areas Affected by Hurricane Helene
The FDIC has issued regulatory relief measures for all supervised financial institutions operating in FEMA-designated areas of Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia to facilitate recovery from Hurricane Helene. Institutions are encouraged to restructure loans and extend repayment terms without examiner criticism, while qualifying disaster-related investments receive favorable Community Reinvestment Act consideration. Affected banks may request extended filing deadlines, expedited approval for temporary banking facilities, and consumer rescission waivers by notifying the Atlanta Regional Office.
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