The FDIC today released an updated series of resource videos on flood insurance to help bank executives and compliance staff better understand federal flood insurance laws, regulations and compliance responsibilities. The videos cover recent changes in federal flood insurance laws, including those regarding escrowing of flood insurance premiums and fees, insuring detached structures and force-placed insurance.
Housing starts decreased by 11.4% in March from the month prior to a seasonally adjusted annual rate of 1.32 million, the Commerce Department reported.
A new survey conducted by Morning Consult on behalf of the ABA Foundation found U.S. adults strongly support youth financial education being taught in schools.
The OCC announced an organizational restructuring that will include combining its Midsize and Community Bank Supervision department with its Large Bank Supervision department.
With the tariffs announced by President Trump much higher than anticipated, the same is probably true of their economic effects, Federal Reserve Chairman Jerome Powell said.
Industrial production decreased 0.3% in March from the previous month, the Federal Reserve reported. The March figure was up 1.3% from a year prior.
Builder confidence in the market for single-family homes in May was 40, up one point from the previous month, according to the NAHB/Wells Fargo Housing Market Index.
