The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Rhode Island and Maine affected by severe storms and flooding. 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.
FinCEN issues advisory on Iran-backed terrorist organizations
FinCEN issued an advisory to assist financial institutions in detecting potentially illicit transactions related to Iran-backed terrorist organizations.