Debt restructuring Agreement DRA with keyboard and pen.

Federal and state financial regulators host webinar on recent troubled debt restructuring guidance

The federal financial institution regulatory agencies and the state banking regulators will host an interagency webinar on March 27, at 2 p.m. ET. This interagency Ask the Regulators session is designed to help clarify the interagency statement issued on March 22, which encourages financial institutions to work constructively with borrowers affected by COVID-19 and provides additional information regarding loan modifications, including when such modifications would not result in accounting for troubled debt restructuring designation.

Registration is now open here.

We encourage participants to submit questions in advance via email at rapid@stls.frb.org. Webinar materials will be archived for future viewing.

Written by
Cara Clark
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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