Regulatory Alerts2026-08-04 | FIL-47-2026Added
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Michigan Affected by Severe Storms, Tornadoes, and Flooding
The FDIC provides regulatory relief to all FDIC-supervised financial institutions in 27 designated Michigan counties affected by severe storms, tornadoes, and flooding between April 10 and April 21, 2026. The agency encourages institutions to adjust existing loan terms and offers favorable Community Reinvestment Act consideration for disaster recovery activities, while wausing criticism for prudent loan modifications. Institutions may request expedited approval for temporary banking facilities via telephone notice and should notify the Chicago Regional Office regarding delays in filing Reports of Income and Condition or difficulties with publishing requirements for branch changes.
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