FDIC - "2019 Annual Report PDF Format 5.1MB"

Title: 2019 Annual Report PDF Format 5.1MB Source: FDIC Data/Action: Annual Reports Date: 2/13/2020 Text Preview: ...CMPs were issued against institutions to address violations of the Flood Disaster Protection Act, the RESPA, and Section 5 of the Federal Trade Commission... ...Storms During 2019, the FDIC issued eight advisories through FILs to provide guidance to financial institutions in areas affected by hurricanes, tornadoes, flooding, wildfires, and other severe storms, and to facilitate recovery. In 2019 MANAGEMENT'S DISCUSSION AND ANALYSIS 25 these advisories, the FDIC encouraged banks to work constructively with borrowers experiencing financial difficulties as a result of natural disasters... ...disasters or targeted attacks. The FDIC works to ensure that its infrastructure can anticipate, absorb, adapt to, and/ or rapidly recover from a potentially disruptive event. To continue to support a resilient and effective infrastructure, in 2019, the FDIC executed a comprehensive initiative to expand and enhance its existing disaster...