On November 20, the Board of Governors of the Federal Reserve System (“Board”), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the “Banking Regulators”) issued the COVID Relief Rule, an interim final rule to provide temporary relief for community banking organizations with less than $10 billion in total assets as of December 31, 2019 (herein referred to as “Community Banks”). Continue reading >