Press Release: Assisting Customers During Federal Shutdown
ASSISTING CUSTOMERS DURING THE
FEDERAL GOVERNMENT SHUTDOWN
At the recommendation of Governor Kevin Stitt, the Oklahoma State Banking Department encourages Oklahoma financial institutions to take practical measures to accommodate customers affected by the federal government shutdown. Institutions should consider measures consistent with safe-and-sound lending practices, taking into account the long-term interest of the institution and customers. We understand that accommodations may take the form of adjustments made to existing loans or the origination of new credit to support immediate cash flow needs.
We appreciate the financial community working with their customers during this shutdown. The Oklahoma State Banking Department will not criticize efforts taken by an institution under these circumstances.
Oklahoma State Banking Department
2900 N. Lincoln Blvd.
Oklahoma City, OK 73105
Please note that the email address from which this communication was sent (OKBankingDept@public.govdelivery.com) is not monitored for responses.
Posted on Mon, January 14, 2019
by Holly Michael