US regulators offer supervisory relief in wake of hurricane Florence

Hurricane Sandy (Image - NASA)

Federal and state financial regulatory agencies have said they will offer financial firms additional leeway to aid disaster recovery in the wake of hurricane Florence, according to a statement issued on September 14.

Hurricane Florence, at its peak a Category 5, hit the Carolina coast on September 14. The storm brought gusts of over 100mph and flash flooding to an area that is not used to such disasters. Large-scale destruction to communities puts pressure upon the local and federal financial

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