Recognizing the negative impacts of Hurricane Florence on customers, members and business operations at covered financial institutions, the federal prudential regulatory agencies and state regulators announced their intent to provide appropriate regulatory assistance to supervised entities affected by the storm.
The agencies – the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the National Credit Union Administration – released a statement encouraging institutions operating in the affected areas to strive to continue meeting the financial services needs of their communities.
Read on to learn what assistance and recommendations the agencies are offering.