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
Democratic senators introduce bill to lower credit card late fee cap
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late fees to $8.










