On October 20, 2020, the FDIC issued an interim final rule (the “Interim Final Rule”) to provide banks temporary relief from the Part 363 audit and reporting requirements. Due to participation in various government stimulus...more
At the onset of the pandemic, many financial institutions offered credit accommodations, such as short-term deferrals and other loan modifications, to borrowers in response to the significant adverse impact caused by...more
8/26/2020
/ Borrowers ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
FDIC ,
Federal Reserve ,
FFIEC ,
Financial Institutions ,
Loan Modifications ,
Loans ,
NCUA ,
New Guidance ,
OCC ,
Retail