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.
During a hearing on financial scams targeting consumers, Senate Banking Committee members offered different approaches for addressing the problem, with Democrats arguing that financial institutions should take responsibility for scams targeting their customers and Republicans pushing for consumer...
While financial stress among U.S. employees remains high, access to financial planning benefits through work has doubled since 2023, according to a PNC Bank survey.
The rate for a 30-year fixed-rate mortgage averaged 6.2% this week. The rate for a 15-year fixed-rate mortgage averaged 5.27%.
ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing programs, leadership and activities focused on improving DEI within their workplace.
The Producer Price Index increased 0.2% in August from the previous month, the Labor Department reported.
The Consumer Price Index rose 0.2% in August, the same increase as the previous month, and rose 2.5% over the past year, the Labor Department said.
