The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Massachusetts 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.
ABA’s Nichols: Credit union’s NFL stadium deal shows need for congressional oversight
The recent announcement that a credit union will pay more than $7.5 million a year for the naming rights to an NFL stadium raises the question of how a tax-exempt organization meant to serve people “of modest means”...