The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Ohio and Nebraska affected by severe storms and tornadoes. 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
House committee advances ABA-backed bill to overhaul bank regulation
The House Financial Services Committee advanced legislation to boost community banking by raising regulatory thresholds, revising agency supervisory practices, tailoring regulations further, encouraging de novo banks and strengthening community development financial institutions.
