Coronavirus (COVID-19) Information

Coronavirus (COVID-19) Information

The Mississippi Bankers Association has developed this page of resources regarding Coronavirus (COVID-19) to help keep Mississippi banks informed as they plan and prepare for the disease. More information will be added as it becomes available. 

Mississippi Bankers Association Resources

(8/18) Joint Mississippi Industries Letter to Congressional Delegation on GSE Refinance Fee Increases

(6/22) Joint Mississippi Industies Letter to Legislators on Liability Protection

(5/27) Joint Mississippi Industries Letter to Legislative Leadership on Liability Protection

(5/27) National Trade Groups Congressional Letter on Liability Protection for Businesses

Press Release: MBA and Mississippi Banks address Coronavirus Pandemic

Press Release: Banks Essential Under Executive Order: Your Money is Safe, Sound, and Easily Accessible 

(4/2) Press Release: Banks Essential, Remain Open under Shelter in Place

March 19 Webinar - Coronavirus - Check Your Pandemic Plan and BCP-Recording available for 60 days

April 6 Webinar - Pandemic Planning - A New Reality, New Regulatory Guidance, Are You Prepared

Questions for Board Discussion on Pandemic Preparedness

(4/2) State Association Letter regarding PPP

Mississippi Resources 

(10/15) Applications for Poultry, Sweet Potato, and CFAP Farmer Grant Programs

(10/15) Department of Agriculture Press Release on Applications for New AG Grant Programs

(8/7) Letter from Lt. Governor Hosemann on Back to Business MS Grant Program

DBCF Guidance for Financial Institutions

Mississippi Emergency Management Agency (MEMA)-Build Your Supply Kit 

MEMA Coronavirus COVID-19 Update

Mississippi State Department of Health

University of Mississippi Medical Center Updates 

Governor Reeves' Executive Order on the COVID-19 Preparedness and Response

Additional Executive Orders from Governor Reeves that may affect banks: 
       1460: Concerning public schools closures 
       1462: Concerning suspension of MDES garnishments and collections efforts
       1463: Concerning Banks as Essential Services
       1466: Concerning Statewide Shelter-in-Place                                                                                                       1467: Temporary Authorization of Remote Notarization                                                                                   1469: Suspending Physical Shareholder Meeting Requirement                                                                         1477: Transitioning to Safer-at-Home                                                                                                                   1507: Concerning Additional Social Distancing Requirements for 13 Counties                                             1511: Amended Safe Return & Precautions                                                                                                           1515: Amended and Extended Safe Return Order 

       1525: Safe Recovery Order

(4/24) Safer-at-Home FAQs

Governor Reeves Press Release on Mortgage Assistance for Homeowners

Mississippi Home Saver Program Website 

List of Chancery Clerk and County Office Operations

FEDERAL REGULATORS AND AGENCIES

Interagency/FFIEC

(8/3) FFIEC Joint Statement on Additional Loan Accommodations for Borrowers Nearing End of COVID-19 Accommodations 

Interagency Interim Final Rule on Liquidity Coverage Ratio Rule

Interagency Guidance on Loan Modifications and Reporting - Modified April 7, 2020

Interagency Guidance on Loan Guidance - March 22, 2020

(4/14) Joint Regulatory Agencies Interim Final Rule Deferring Real Estate Appraisals and Evaluations

FFIEC Interagency Statement on Pandemic Planning 

FFIEC Business Continuity Management Booklet 

Joint Statement on CRA Consideration for Activities in Response to the COVID-19 

Federal bank regulatory agencies issue interim final rule for money market liquidity facility (3/19)

Federal Reserve/FDIC/OCC Joint Regulatory Capital Rule: Revising Definition of Eligible Retained Income

Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window

Joint Regulatory Agencies Policy Statements Concerning Branch Closing Notices and Policies

Joint Regulatory Agencies Statement on Supervisory and Enforcement Practices Regarding Mortgage Servicing Rules in Response to COVID-19

 

FDIC

(10/20) Interim Final Rule on Applicability of Annual Independent Audits and Reporting Requirements for Fiscal Years Ending in 2021

(5/12) Chairman McWilliams Testimony Before U.S. Senate Banking Committee

(5/11) FDIC Proposed Rulemaking Mitigating Effects of PPP Loans, PPP Lending Facility, and Money Market Liquidity Facility

FDIC Press Releases (Including link to "Guidance for Bankers and Consumers")

FDIC Dallas Region DCP Newsletter - 1Q 2020

FDIC FAQs for Customers 

FDIC FAQs for Financial Institutions

 

OCC

(5/27) OCC FAQs on CRA Consideration for COVID-19 Activities

OCC Resource Page - COVID-19 

OCC COVID-19 FAQs for National Banks & Federal Savings Associations – updated 4/16 

(3/19) OCC Bulletin Answering Questions on Use of Capital and Liquidity Buffers

(3/13) OCC Bulletin on Working with Customers Affected by COVID-19

OCC COVID-19 FAQs

 

Federal Reserve

(5/11) Federal Reserve Term Sheet on Municipal Liquidity Facility

(5/11) Federal Reserve FAQs on Municipal Liquidity Facility

Board of Governors of the Federal Reserve System

(4/17) Federal Reserve FAQ on Primary and Secondary Market Corporate Credit Facilities 

Federal Reserve FAQs on Commercial Paper Funding Facility

Federal Reserve Provides Additional Information on How its Supervisory Approach is Adjusting

Federal Reserve Announces Facility to Provide Term Financing Backed by PPP Loans

Federal Reserve Supervisory and Regulatory Actions

Federal Reserve COVID-19 Supervisory and Regulatory FAQs

 

Treasury

U.S. Department of the Treasury 

CARES Act Section by Section 

 

CFPB

CFPB & CSBS Joint Guidance on Forbearance and Foreclosure

CFPB - Protecting Your Finances during the Coronavirus Pandemic

CFPB - Supervisory and Enforcement Practices Regarding Fair Credit Reporting Act and Regulation V in Light of the CARES Act

CFPB - Supervisory and Enforcement Practices Regarding the Remittance Rule in Light of the COVID-19 Pandemic

CFPB - COVID-19 Mortgage Servicing Rules FAQs

(4/16) CFPB Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act

CFPB - Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition

 

Conference of State Bank Supervisors

CSBS COVID-19 Resources

 

FinCEN

(7/6) FinCEN Advisory on Imposter Schemes and Money Mule Schemes Related to COVID-19

(3/16) FinCEN Encourages Financial Institutions to Communicate Concerns Related to the Coronavirus Disease and to Remain Alert to Related Illicit Financial Activity

 

FHFA

(8/25) FHFA Announces Delay of Refinance Fee to December 1

(3/18) FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages

 

Fannie Mae/Freddie Mac

(4/10) Fannie Mae Forbearance Script

(4/15 Freddie Mac Forbearance Script

 

HUD

(3/18) Mortgagee Letter - Foreclosure and Eviction Moratorium due to COVID-19 

 

IRS

(8/28) IRS Guidance on Payroll Tax Deferrals

IRS Form 941 Employee Retention Credit for Employers Subject to Closure Due to COVID-19 Crisis

Coronavirus Tax Relief Webpage 

IRS FAQS on Coronavirus-related Relief for Retirement Plans and IRAs

 

CFTC

Coronavirus (COVID-19) Website

SBA

Reporting Fraud

SBA OIG Lender Fraud Alert

(7/30) SBA OIG Lender Fraud Alert for EIDL Loans

 

NATIONAL CORONAVIRUS HEALTH RESOURCES

Centers for Disease Control and Prevention (CDC)

CDC Coronavirus Disease 2019 Situation Summary

CDC's Interim Guidance for Businesses and Employers 

CDC Business Pandemic Planning Checklist

CDC Communication Resources

CDC Safety Practices for Employees Possibly Exposed to COVID-19

 

FEMA

2020 Hurricane Pandemic Plan

Coronavirus Emergency Management Best Practices 

 

World Health Organization (WHO)

World Health Organization (WHO) 

World Health Organization Advice for Public 

 

Department of Health and Human Services (HHS)

HHS COVID-19 Updates

 

National Institutes of Health (NIH) 

National Institutes of Health Coronavirus Resources

 

Department of Homeland Security (DHS)

CISA Risk Management for Novel Coronavirus (COVID-19) - updated 4/20

 

Miscellaneous 

Map of Coronavirus World Spread

IHME COVID-19 Projections by Country/State, etc. 

 

HR/EMPLOYMENT RESOURCES

Equal Employment Opportunity Commission (EEOC)

EEOC Employment FAQs on COVID-19- Related Issues - updated 4/17

 

Occupational Safety and Health Administration (OSHA)

Occupational Safety and Health Administration Resources 

OSHA - Protecting Workers from Potential Exposure to 2019-nCOV

OSHA - Guidance on Preparing Workplaces for an Influenza Pandemic

Worker Exposure Risk to COVID-19

Interim Enforcement Response Plan for Coronavirus Disease 2019 (COVID-19)

 

IRS

COVID-19 Tax Credits for Required Paid Leave 

 

Miscellaneous

Coronavirus (COVID-19) Workplace Tips for Employees 

Guidance for Employers to Plan and Respond to Coronavirus

(4/21) Confronting COVID-19: An Analysis of Surface Contamination Risks 

(7/21) Federal Reserve Information on Coin Shortage

 

NATIONAL BANKING TRADE GROUP RESOURCES

ABA

(7/13) Coin Shortage Talking Points

(4/29) ABA Joint Webinar on Best Practices for Re-Opening

(4/22) State Bankers Association Letter Opposing Credit Union Business Lending Authority 

American Bankers Association - Coronavirus Disease 2019

ABA FAQs on CARES Act

(4/24) ABA Webinar - COVID-19 Forbearance Challenges

(4/24) ABA Webinar Materials - COVID-19 Forbearance Challenges

(4/23) ABA Webinar - Finding Opportunity in Economic Crisis 

(4/21) ABA Webinar - Safeguarding Older Customers from Scams Amid the Pandemic 

(4/21) ABA Staff Analysis on Interim Final Rule Deferring Real Estate Appraisals for Certain Transactions

(4/16) ABA Analysis on DOL Rule for Implementing Paid Leave Provisions of Families First Act

(4/13 ABA Webinar Materials on Families First Act Paid Leave Requirements and Tips

(4/10) OCC Response to ABA on FEMA Extension of Grace Period for NFIP Policies

(3/19) ABA Coronavirus Communications Toolkit for Banks 

(3/27) ABA Banking Industry Common Practices for Confronting COVID-19

(3/27) ABA COVID-19 & Banking FAQs

ABA March 31, 2020 Webinar Recording - What Banks Need to Know about CARES Act

ABA March 12 Preparedness Webinar (Replay)-Login Required

ABA March 26 SBA Loan Webinar - Free to ABA Members - Recorded Webinar Available

ABA April 7 Planning for the New Normal Webinar

Agencies Temporarily Lower Community Bank Leverage Ratio to 8%

 

ICBA

Independent Community Bankers of America - Crisis Response and Preparedness Center

ICBA-Community Bank COVID-19 FAQs

 

FRAUDS AND SCAMS

U.S. Postal Inspection Service – Coronavirus Related Scams 

(3/18) FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency’s Name

Beware of Criminals Pretending to be WHO 

FTC - Coronavirus: Scammers Follow the Headlines 

Investor Alert: Look Out for Coronavirus-Related Investment Scams