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Financial Services Law Insights and Observations

FDIC updates Covid-19 FAQs

Federal Issues Covid-19 FDIC Deposits Flood Insurance Mortgages Consumer Finance

Federal Issues

On May 7, the FDIC updated its list of frequently asked questions for financial institutions affected by Covid-19.  The recent updates include the addition of one FAQ describing amendments to Regulation D that remove the six-per-month limit on transfers and withdrawals from savings deposits and one FAQ that discusses additional grace periods for force-placed flood insurance.

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