WASHINGTON - The Office of Thrift Supervision has urged thrifts to respond to the floods in California with compassion for their customers.

The OTS recently urged institutions to restructure sound borrowers' loans, consider waiving fees for late payments and early withdrawals, assess their community's credit needs, and to take advantage of available disaster relief programs.

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.