The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by severe storms and flooding. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency also said it would consider relief from certain filing and publishing requirements.
OSHA releases framework for investigating retaliation for BSA, sanctions whistleblowing
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act and sanctions laws. It does not apply to bank employees.