The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico affected by the South Fork and Salt fires, and areas of Iowa affected by severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the wildfires and 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 questions OCC approval of trust charters for crypto companies
ABA President and CEO Rob Nichols said the OCC's approvals raise important questions about the scope and oversight of the institutions.
