FDIC Releases Answers For Bank Lenders To Key Questions Relating To The COVID-19 Crisis

LexisNexis (May 5, 2020, 5:24 PM EDT) -- In conjunction with its launch of the small business loan program, the FDIC provided financial institutions with answers to fundamental questions relating to working with borrowers affected by the COVID-19 outbreak and also answers to operational questions facing financial institutions arising from the COVID-19 crisis. The questions and answers are found on the FDIC’s website at www.fdic/gov. Here we report on the FDIC’s release dated March 19, 2020, the first iteration made available....