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Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus
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Description:The FDIC, the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency, the National Credit Union Administration, the state banking regulators, and the Consumer Financial Protection Bureau issued the Interagency Statement on Loan Modifications and Reporting by Financial Institutions Working with Customers Affected by the Coronavirus to encourage financial institutions to work constructively with borrowers impacted by the Coronavirus Disease 2019 (referred to as COVID-19) and provide additional information regarding loan modifications.
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Content Notes:FIL-50-2013
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Dataset Download URL:fdic.gov/news/financial-institution-letters/2020/fil20022.html
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Release Date:03/22/2020
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Withdrawn Date:04/07/2020
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Board of Governors of the Federal Reserve System (FRB)Office of the Comptroller of the Currency (OCC)National Credit Union Administration (NCUA)state banking regulatorsConsumer Financial Protection Bureau
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Fdic Employee Involved:John RiegerShannon BeattieBryan Jonasson
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Institutions
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FIL Number:FIL-22-2020
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