The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alaska affected by a severe storm, landslides and mudslides. 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.
Banking agencies expand bank eligibility for extended exam schedule
The federal banking agencies announced they are raising the asset threshold that certain banks must fall under to qualify for an extended 18-month examination schedule rather than a 12-month schedule.
