Ballard Spahr LLP--Scott A. Coleman & Lori J. Sommerfield
Federal banking regulators have issued new sets of examination procedures including the OCC with two significant examination booklets on sampling methodologies and UDAP/UDAAP together with state financial regulators issued interagency exam guidance for assessing safety and soundness of financial institutions due to COVID-19 and the FRB also issued examiner guidance on the credit reporting and mortgage servicing provisions of the federal CARES Act.