News & Analysis as of

Natural Disasters Financial Institutions

GeoDataVision

Designated Disaster Areas and CRA Community Development: Be Careful!

GeoDataVision on

Dear Banker, Many bankers are easily confused by the technical requirements for loans in "disaster areas'' to be potentially qualified for community development credit under CRA. This brief article explains how to avoid...more

Nutter McClennen & Fish LLP

Nutter Bank Report: May 2024

Headlines 1. Supreme Court Upholds the Constitutionality of the CFPB’s Funding Structure The Supreme Court has ruled that the statutory authorization that allows the CFPB to draw funds from the earnings of the Federal Reserve...more

Orrick, Herrington & Sutcliffe LLP

FDIC announces Hawaii disaster relief

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

Orrick, Herrington & Sutcliffe LLP

FDIC announces Guam disaster relief

On June 2, the FDIC issued FIL-27-2023 to provide regulatory relief to financial institutions and facilitate recovery in areas of Guam affected by Typhoon Mawar. The FDIC acknowledged the unusual circumstances faced by...more

Orrick, Herrington & Sutcliffe LLP

FDIC announces Florida disaster relief

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

Orrick, Herrington & Sutcliffe LLP

FDIC announces Oklahoma disaster relief

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

Orrick, Herrington & Sutcliffe LLP

FDIC announces Indiana disaster relief

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

Orrick, Herrington & Sutcliffe LLP

FDIC announces California and Tennessee disaster relief

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

Orrick, Herrington & Sutcliffe LLP

FDIC announces Florida disaster relief

On January 9, the FDIC issued FIL-02-2023 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Florida affected by Hurricane Nicole from November 7 to November 30. ...more

Bradley Arant Boult Cummings LLP

Agencies Offer Regulatory Assistance in Disaster Affected Areas

On the first day of National Preparedness Month, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union...more

Jones Day

The Year in Bankruptcy: 2017

Jones Day on

The initial year of the Trump administration colored much of the political, business, and financial headlines of 2017, both in the U.S. and abroad. Key administration-related developments in 2017 included U.S. withdrawal from...more

A&O Shearman

Federal Reserve, OCC and FDIC Release Examiner Guidance for Institutions Affected by Major Disasters

A&O Shearman on

The US Board of Governors of the Federal Reserve System, the US Office of the Comptroller of the Currency, the US Federal Deposit Insurance Corporation, and the US National Credit Union Administration released interagency...more

Ballard Spahr LLP

Banking Agencies Address Disaster Relief for Hurricane Harvey Victims

Ballard Spahr LLP on

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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