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Tuesday, June 2, 2015

FDIC Announces Relief for Flooding-Hit Banks in Texas

The FDIC yesterday announced steps to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by the severe storms, flooding and high winds. The agency is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe weather. It also will consider regulatory relief from certain filing and publishing requirements.

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