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The FDIC is working with federal and state banking agencies, as well as, financial institutions to consider all reasonable and prudent steps to assist customers in communities affected by the Coronavirus (COVID-19). In addition, the agency is monitoring information issued by international and U.S. health organizations. Regulatory agencies have encouraged financial institutions to work with customers impacted by the Coronavirus. Customers experiencing difficulties beyond their control should work directly with their financial institutions.
Latest Information from the FDIC – How We're Helping
- Receiving IRS Economic Impact Payments
The FDIC is committed to supporting Americans during the coronavirus (COVID-19) health crisis. You may have received an economic impact payment from the Internal Revenue Service (IRS) if you qualified. Many banks offer ways to open accounts remotely – online or through a mobile app – without going to a bank branch. As long as you have a computer or a smartphone with access to the Internet, it is easy to get started. Learn more about Economic Impact Payments. - Beware of Scams
If you receive calls, emails, or other communications claiming to be from the FDIC or another federal agency, and offering COVID-19 related grants or payments in exchange for personal financial information, or a charge of any kind, please do not respond. These are scams. Additional guidance on how to report COVID-19 scams is available from the U.S. Department of Treasury website. You can also read the FDIC's Special Edition of FDIC Consumer News for COVID-19. - COVID-19 Information for Small Business Lenders
The FDIC worked with the Small Business Administration (SBA) to help ensure that FDIC-supervised banks had the information they needed to become certified by the SBA to make small business loans through programs under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Small Business Administration (SBA) has completed the latest phase of the Paycheck Protection Program based on available funding. Visit Information for Small Business Lenders.
Frequently Asked Questions for those Impacted by Coronavirus Disease 2019 (COVID-19):
- For Financial Institutions - Updated May 27, 2020
- For Bank Customers - Updated May 27, 2020
Information for use by bank customers:
- FDIC Consumer News: COVID-19 and Your Financial Health - April 2, 2020
- Press Release: FDIC Chairman Addresses FSOC; Underscores Banks and Deposits Remain Safe - March 26, 2020
- Press Release: FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency's Name - March 18, 2020
- Press Release: Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus - March 9, 2020
Information for use by financial institutions:
- Financial Insitution Letter: Interagency Interim Final Rule Provides Regulatory Relief to Institutions Experiencing Temporary Asset Growth in Connection with COVID-19-Related Programs - November 20, 2020
- Financial Insitution Letter: The FDIC Approves Interim Final Rule to Provide Temporary Relief from Part 363 Audit and Reporting Requirements - October 20, 2020
- Financial Insitution Letter: Agencies Adopt Final Rule on Certain Real Estate Transactions for Financial Institutions and Consumers Affected by the Coronavirus - September 29, 2020
Other Resources
- Coronavirus.gov
- Centers for Disease Control (CDC) for Coronavirus
- USA.gov Coronavirus Website
- Department of Health and Human Services (DHHS)
- Department of Labor Occupational Safety and Health Administration (OSHA)
- Business Pandemic Influenza Planning Checklist (DHSS) Checklist
- World Health Organization (WHO) Coronavirus Outbreak
- Ready.gov Pandemic Webpage
- U.S. Department of Veterans Affairs (VA)
- Department of Agriculture (USDA)
- Department of State Travel Advisories
- U.S. Agency for International Development (USAID)
- Coronavirus disease 2019 (COVID-19): What do Older Adults and People with Disabilities Need to Know?
Helpful FDIC Articles
- Disaster Recovery and Your Money: A Basic To-Do List (FDIC Consumer News)
- When People Face Tough Times, Crooks Try to Profit (FDIC Consumer News)