The FDIC released two sets of frequently asked questions for financial institutions and one for consumers about the potential impact of COVID-19. The FAQs address a variety of issues, including branch access, deposit insurance coverage, potential payment accommodations, delinquent loans, and more.
The FDIC this week reminded Americans that FDIC-insured banks remain the safest place to keep their money. The agency also warned consumers of recent scams in which fraudsters pose as agency representatives.
Additional information and resources responding to the coronavirus outbreak are available on ICBA's Crisis Response and Preparedness Center. Community bankers can contact ICBA directly at firstname.lastname@example.org.