The FDIC released guidance Friday with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by severe storms and tornadoes. 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.
Report: Fed not collecting data needed to improve bank application processing
The Federal Reserve is not tracking the information needed to improve the efficiency and timeliness of processing applications for community bank mergers and acquisitions, the Fed Office of Inspector General concluded in a new report.










