In the wake of an increasing number of bank failures, the Federal Deposit Insurance Corporation has established a new unit within its Office of the Ombudsman to assist customers with loans at failed banks. The new unit will complement the work that the FDIC already provides to the public and is another effort to improve communications with borrowers of failed banks. The FDIC emphasized that the Office of the Ombudsman will continue to serve as an independent and neutral resource. (FDIC Press Release; South Florida Business Journal.)
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