Joint Developments

  Joint News Release (May 12, 2020) CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19

  Joint News Release (April 14, 2020) Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19

  Interagency Statement

  Action: Interim final rule with request for comments. Agency: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); and the Federal Deposit Insurance Corporation (FDIC). Real Estate Appraisals 85 FR 21312 Published April 17, 2020. Effective April 17, 2020 through December 31, 2020. Comments due June 1, 2020.

  Joint News Release (April 9, 2020) Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility

  Action: Interim final rule; request for comment. Agency: Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC). Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans 85 FR 20387 Published April 13, 2020. Interim final rule effective April 13, 2020. Comments due May 13, 2020.

  Joint News Release (April 7, 2020) Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus

  Revised Interagency Statement

  FIL-46-2020 (April 16, 2020) Banker Webinar: Revised Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus

  Joint News Release (April 3, 2020) Federal Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19

  Joint Statement

  Joint News Release (March 27, 2020) Agencies Announce Two Actions to Support Lending to Households and Businesses

  Standardized Approach Notice

  Current Expected Credit Loss Notice

  Joint News Release (March 26, 2020) Federal Agencies Encourage Banks, Savings Associations, and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

  Interagency Statement

  Joint News Release (March 22, 2020) Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19

  Interagency Statement

  Joint News Release (March 19, 2020) Federal Bank Regulatory Agencies Issue Interim Final Rule for Money Market Liquidity Facility

  Action: Interim final rule and request for comment. Agency: Board of Governors of the Federal Reserve System (Board), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC). Regulatory Capital Rule: Money Market Mutual Fund Liquidity Facility 85 FR 16235 Published March 23, 2020. Interim final rule effective March 23, 2020 and comments due May 7, 2020.

  Joint News Release (March 17, 2020) Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses

  Statement on the Use of Capital and Liquidity Buffers

  Interim Final Rule

  OCC Bulletin 2020-17 (March 19, 2020) Pandemic Planning: Joint Questions and Answers Regarding Statement About the Use of Capital and Liquidity Buffers

  Q&As

  Joint Release (March 9, 2020) Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus

  Interagency Statement on Pandemic Planning (March 6, 2020)

  FFEIC News Release

  FIL-14-2020

As you know, state and federal executives, agencies and legislatures are reviewing data and circumstances every day and adjusting their responses to the pandemic all the time. We are monitoring for changes and developments and will post updates to this resource as we find them. Please check back regularly. We will also send alerts as certain critical developments unfold. If you are not signed up for Hudson Cook, LLP insights and would like to receive alerts, please sign up here.

Please note that the information here is not legal advice and does not create an attorney-client relationship. If you need legal assistance with a specific matter, please contact legal counsel.