The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky, West Virginia and Iowa affected by severe storms. 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.
Senators seek at least $324M for CDFI Fund
Forty-three senators are asking their colleagues to set aside at least $324 million for the CDFI Fund and require those funds to be released in a timely manner.










