The top US bank regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market.
Financial firms should “work prudently and constructively” with good clients, the government agencies said in guidance on Thursday. The statement from the Federal Reserve, Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and National Credit Union Administration updates guidance on workouts that the watchdogs issued in 2009.
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