Regulators announce PSA campaign to help hurricane victims

The federal financial regulatory agencies announced a public service campaign to aid in the financial recovery of victims of last year's hurricanes.

Although several months have passed since Hurricanes

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Administration and state financial regulators are encouraging banks, thrifts, and credit unions to continue to work with borrowers affected by the hurricanes. Assistance may include waiving fees, lowering interest rates, extending repayment schedules or deferring principal or interest for an additional period, where appropriate. For these options to be considered, however, it is essential that the borrower contact his or her lender.

The public service announcements are being distributed to print and radio media outlets with the highest concentrations of people affected by the hurricane. The PSAs are also available for download and use from the OCC Web site at www.occ.gov/hurricane.htm.