READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with participants from the banking, credit union, and insurance industries; government-sponsored entities (Fannie Mae and Freddie Mac); consumer advocates; and state and federal regulators to discuss the financial sector’s responses to Hurricanes Helene and Milton, and to express the Biden-Harris Administration’s continued support and commitment in aiding hurricane response efforts.At the roundtable, participants discussed the ways in which they have supported affected communities, including permitting flexibility by insurers and financial institutions in mortgage or other payments; opening mobile bank branches; staffing 24/7 claims offices; and suspending certain fees, changes in policies, and payments.