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Financial Services Law Insights and Observations

Oklahoma State Banking Department issued FAQs from financial institutions affected by Covid-19

State Issues Covid-19 Oklahoma FDIC Consumer Finance

State Issues

In late March, the Commissioner of the Oklahoma State Banking Department issued FAQs as a supplement to FAQs issued earlier by the FDIC. The FAQs address: (i) working with borrowers, and appropriately documenting the credit file; (ii) closing a lobby but maintaining drive through service; (iii) access to safe deposit boxes; (iv) conducting board meetings remotely, and (v) bank examinations.