Regulators Offer Guidance for Troubled Debt Restructurings

The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), and the State Banking Regulators issues an interagency statement to provide additional information to financial institutions working with borrowers affected by the coronavirus.