#Regulators support financial institutions in California disaster areas.#

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California financial regulators, including the California Department of Financial Protection and Innovation, Federal Deposit Insurance Corporation, Federal Reserve, National Credit Union Administration, and Office of the Comptroller of the Currency, issued a joint statement in support of financial institutions affected by wildfires and straight-line winds in California. The statement stated that regulators would provide appropriate regulatory assistance, encourage financial institutions to meet the financial service needs of affected communities, and support financial institutions in working constructively with borrowers in affected areas, including prudently adjusting or modifying loan terms. Regulators will also consider the special circumstances faced by affected institutions and, where appropriate, expedite the approval process for operating temporary facilities. In addition, regulators also encouraged financial institutions to monitor municipal securities and loans in affected areas and to provide community development loans, investments, or services to revitalize or stabilize affected areas.

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California wildfires and straight-line winds have had a significant impact on financial institutions in the state. To help these institutions weather the storm, federal and state financial regulators have issued a joint statement outlining their commitment to providing necessary regulatory relief. The statement emphasizes that regulators will encourage affected financial institutions to meet the financial service needs of their communities and support them in working constructively with borrowers in the affected areas. This includes the ability to make prudent adjustments or modifications to existing loan terms without fear of examiner criticism. Moreover, regulators will take into account the unusual circumstances facing affected institutions and expedite requests for temporary operating facilities where appropriate to facilitate service to disaster victims. No penalties or other supervisory actions will be taken for institutions that are unable to fully comply with regulatory reporting requirements due to the disaster. Finally, regulators encourage financial institutions to monitor municipal securities and loans in disaster-stricken areas and exercise prudent efforts to stabilize such investments.

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监管机构将向受加州野火和直线风影响的金融机构提供适当的监管援助,鼓励其满足社区的金融服务需求。

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监管机构支持金融机构与受灾地区的借款人进行建设性合作,谨慎调整或更改现有贷款条款,不应受到审查员的批评。

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监管机构将考虑受灾机构面临的异常情况,并酌情加快任何运营临时设施的请求,为受灾民众提供更方便的服务。

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监管机构了解到受灾机构可能在满足机构报告要求方面遇到困难,不会对采取合理和谨慎措施遵守监管报告要求的机构进行处罚或采取其他监督行动。

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