The Federal Deposit Insurance Corporation (FDIC) is working with federal and state banking agencies, as well as financial institutions to consider all reasonable and prudent steps to assist customers in communities affected by the Coronavirus (COVID-19). In addition, FDIC is monitoring information issued by international and U.S. health organizations.
Regulatory agencies have encouraged financial institutions to work with customers impacted by the coronavirus. Customers experiencing difficulties beyond their control should work directly with their financial institutions. For more information visit https://www.fdic.gov/coronavirus/index.html.
While it’s too early to know the severity and duration of this crisis, Forbes magazine is reporting major banks are putting plans in place and refining them as situations change. For a list of how some banks are offering relief to customers affected by the coronavirus visit https://bit.ly/3afsVcc.