The $2 trillion deal passed by the Senate late Wednesday would aim to put banks and consumers alike on stronger financial footing as they weather the coronavirus pandemic.
![“We are delaying the opening of ... [the] comment period until we have some certainty on what the current overall situation is,” said FHFA Director Mark Calabria.](https://arizent.brightspotcdn.com/dims4/default/e8174b2/2147483647/strip/true/crop/4182x2787+0+0/resize/1024x683!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F24%2F4f%2F09d186a142899167373b7d4166b7%2Fcalabria-mark-bl-031820.jpg)
FHFA Director Mark Calabria said the health crisis will complicate the release of a proposal establishing new capital requirements for Fannie Mae and Freddie Mac.
Regulators issued a rule that gives banks the OK to dip into capital to help households and businesses cope with the economic impact of the coronavirus.
Some attorneys say it's welcome relief, but how long will it take to get new hearing dates?
The OCC and FDIC said banks should consider waiving fees, be flexible with loan repayments and that they would not be penalized if they close branches for precautionary reasons.
If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.