Regulatory Alerts2024-09-20 | FIL-65-2024Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Louisiana Affected by Hurricane Francine
The FDIC issued regulatory relief measures for supervised financial institutions in Louisiana to support recovery from Hurricane Francine. Banks are encouraged to extend repayment terms, restructure loans, and make community development investments without examiner criticism or CRA penalties. The agency will also grant extensions for filing and publishing requirements, expedite requests for temporary banking facilities, and waive certain rescission periods for affected consumers.
Share