The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; Federal Reserve Board, FDIC, OCC, NCUA, CFPB and Conference of State Bank Supervisors (federal and State interagency)
- Level
- Federal
- Authority
- supervisory authority over insured depository institutions and credit unions
- Issued
- 2020-03-09 Mar. 9, 2020
- Effective
- 2020-03-09
- End
- Not rescinded within the period (read as 2021-09-30)
- In force
- Mar. 9, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all supervised financial institutions
- Functions reached
- CL consumer lending
- BL business lending
- SV servicing and accommodations
- CB customer base
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
Federal financial institution regulators and state regulators today encouraged financial institutions to meet the financial needs of customers and members affected by the coronavirus.... Prudent efforts that are consistent with safe and sound lending practices should not be subject to examiner criticism.
Enforcement
Supervisory; examination treatment
Notes
First interagency instruction of the pandemic on customer accommodations; the premise of the loan-modification statements that followed
Retrieval noteRendered from the March 10, 2020 Wayback capture of the Board's release.