Hurricane Maria FDIC Regulatory Relief Guidance

FDIC Update
The Federal Deposit Insurance Corporation (FDIC) issued a statement urging supervised financial institutions to work constructively, consistent with safe-and-sound banking practices and within reason when dealing with customers negatively impacted by Hurricane Maria. The FDIC explained that sensible adjustments to loans in affected communities will not be subject to examiner criticism. The full aforementioned statement can be found here.

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