SACRAMENTO, Calif. – As if the housing situation wasn't bad enough in California, now struggling financial institutions and insurance companies must deal with the aftermath of a series of fires that have swept through large areas of Southern California since last Thursday, burning thousands of acres and destroying hundreds of homes, many of high value.
In response, California's Department of Financial Institutions released a short and vaguely worded statement to its licensees that said the agency "recognizes the series impact the fires have had, and will continue to have, on financial institutions and the communities they serve."
"We encourage our licensees to work with customers whose lives have been affected by the fires," the DFI said.
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The regulator also asked financial institutions to refer affected customers to a state resource, www.rebuildyourlife.ca.gov, which provides resources for those who have been impacted by California's natural disasters.
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