FDIC announces relief available for institutions affected by CA wildfires, Hurricane Delta

October 23, 2020 FDIC 0

The Federal Deposit Insurance Corp. (FDIC) has deployed its regulatory relief measures to help institutions deal with the fallout from Hurricane Delta in Louisiana and the wildfires that have plagued areas of California since early September.

The FDIC issued two Financial Institution Letters Friday outlining available relief, possibly including favorable Community Reinvestment Act (CRA) consideration for community development loans, investments, and services in support of disaster recovery; and possible relief from certain filing and publishing requirements.

The FDIC said it is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control.

FIL-100-2020 (Louisiana)

FIL-101-2020 (California)

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