Recognizing the potential effects of the 2019 coronavirus disease on bank customers, financial regulators today issued a statement calling on banks to work constructively with borrowers and others affected by the virus in their communities.
Browsing: Disaster preparedness
With the number of reported cases of the novel coronavirus on the rise in the U.S., the Federal Financial Institutions Examination Council late Friday issued guidance for banks on business continuity planning in the face of a pandemic.
With Hurricane Dorian bringing hurricane and tropical storm conditions to Florida’s coastline this morning and threatening other coastal areas as it moves north, ABA is reminding bankers and state bankers associations of several resources to help with incident response and crisis communications.
With Hurricane Dorian expected to landfall in Florida early next week, the OCC today issued a proclamation allowing national banks and federal savings associations affected by the severe weather to close.
The Federal Housing Administration announced today that it will make its “disaster standalone partial claim” a standard mortgage relief option for all victims of natural disasters in presidentially declared major disaster areas.
In response to recent natural disasters, the Federal Emergency Management Agency has published a national mitigation investment strategy, which is intended to provide “a national, whole-community approach to investments in mitigation activities and risk management across federal, state, tribal, territorial, and local government and the private and nonprofit sectors.”
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks.
As banks in Nebraska continue to help their communities recover from recent devastating floods, American…
Recognizing the serious effects of flooding in the Midwest, federal and state financial regulatory agencies today issued a joint statement reminding banks of supervisory expectations related to disaster recovery.
The American Bankers Association today announced that it will donate a total of $45,000 to help communities in California recover from the most devastating wildfires in the state’s history.