WASHINGTON - Federal regulators have authorized national banks to temporarily close offices in areas of New Mexico affected by devastating fires and to take special measures to help customers.

The Office of the Comptroller of the Currency on Friday encouraged national banks to consider extending the terms of loan repayments, restructuring borrowers' debt obligations, and easing credit terms for new loans to certain borrowers, consistent with prudent banking practice.

National banks in need of help to work with customers affected by the fires should contact the OCC district office in San Francisco at 415-545-5900.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.