Regulatory Alerts2025-06-02 | FIL-18-2025Added · Updated
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Mississippi Affected by Severe Storms, Straight-line Winds, Tornadoes, and Flooding
The Federal Deposit Insurance Corporation issued supervisory relief for its supervised financial institutions to facilitate recovery across twelve Mississippi counties severely impacted by recent storms, winds, tornadoes, and flooding. The agency encourages prudent loan restructuring, grants favorable Community Reinvestment Act consideration for disaster-related investments, and provides flexible reporting deadlines alongside expedited approvals for temporary banking facilities. Institutions may further assist distressed borrowers by adjusting existing loan terms without regulatory criticism and facilitating consumer rescission waivers.
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