In response to the global COVID-19 crisis, US federal financial regulators are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US and global economy. Our summary of recent, notable regulatory actions follows.

In some cases, regulatory agencies are relieving regulatory burdens on financial institutions in an effort to facilitate institutions’ ability to support businesses, households and the greater economy. In other cases, regulatory agencies are re emphasizing existing requirements or imposing additional requirements (for instance, reporting requirements) concerning institutions’ preparedness to address the operational, financial, and other risks associated with the COVID-19 crisis. Regulators have also issued alerts and informational guidance for consumers and financial institution customers in connection with COVID-19.