News & Analysis as of September 25, 2024

Federal Deposit Insurance Corporation › Disaster Aid

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The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

FDIC announces Hawaii disaster relief

Orrick, Herrington & Sutcliffe LLP on 8/21/2023

On August 11, the FDIC issued FIL-41-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Hawaii affected by wildfires from August 8 and continuing. The FDIC acknowledged the...more

FDIC announces Florida disaster relief

Orrick, Herrington & Sutcliffe LLP on 5/10/2023

On May 5, the FDIC issued FIL-22-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Florida affected by severe storms, tornados, and flooding from April 12 to 14...more

FDIC announces Oklahoma disaster relief

Orrick, Herrington & Sutcliffe LLP on 5/3/2023

On April 28, the FDIC issued FIL-22-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Oklahoma affected by severe storms, straight-line winds, and tornados from April 19 to...more

FDIC announces Indiana disaster relief

Orrick, Herrington & Sutcliffe LLP on 4/27/2023

On April 24, the FDIC issued FIL-18-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Indiana affected by severe storms, straight-line winds, and tornados from March 31 to...more

FDIC announces California and Tennessee disaster relief

Orrick, Herrington & Sutcliffe LLP on 4/20/2023

On April 13, the FDIC issued FIL-15-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of California affected by severe winter storms, straight-line winds, flooding, landslides,...more

FDIC announces Mississippi disaster relief

Orrick, Herrington & Sutcliffe LLP on 4/5/2023

On March 30, the FDIC issued FIL-12-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Mississippi affected by severe storms, straight-line winds, and tornadoes on March 24...more

FDIC announces Alabama, California disaster relief

Orrick, Herrington & Sutcliffe LLP on 1/20/2023

On January 18, the FDIC issued guidance (see FIL-03-2023 and FIL-04-2023) to provide regulatory relief to financial institutions and help facilitate recovery in areas of Alabama affected by severe storms, straight-line winds,...more

Banking Agencies Address Disaster Relief for Hurricane Harvey Victims

Ballard Spahr LLP on 9/1/2017

Several federal agencies have issued reminders and requirements related to banking and credit services for borrowers affected by Hurricane Harvey. We previously reported on mortgage-related guidance issued by Fannie Mae,...more

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Federal Deposit Insurance Corporation › Disaster Aid

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