Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information re…

The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-39.html