The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Rhode Island and Maine affected by severe storms and flooding. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to 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.
ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule
ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed rule implementing the Genius Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied...
