FDIC Provides Regulatory Relief to Wisconsin Financial Institutions Affected by Severe Weather
The Federal Deposit Insurance Corporation (FDIC) has announced measures to provide regulatory relief to financial institutions in Wisconsin affected by severe storms, tornadoes, and flooding. The FDIC is encouraging these institutions to work constructively with customers facing difficulties due to the natural disasters. The relief includes extending repayment terms, restructuring loans, and easing terms for new loans, all in line with sound banking practices. The Federal Emergency Management Agency (FEMA) declared a federal disaster for several Wisconsin counties, prompting the FDIC's response. The agency will also consider regulatory relief from certain filing and publishing requirements for affected institutions. 
