NCRC: Expand CRA to Cover Credit Unions, Other Nonbanks
The Community Reinvestment Act should be expanded to cover credit unions, other nonbank lenders and insurers, according to the National Community Reinvestment Coalition.
Browsing: Insurance
Agencies Propose New, Revised Questions and Answers on Flood Insurance
The banking agencies today released several new interagency questions and answers on flood insurance compliance, as well as a major reorganization of and certain revisions to pre-existing Q&As.
ABA Urges FHFA to Revisit FHLB Ban on Captive Insurers
As the Federal Housing Finance Agency weighs a rulemaking process on Federal Home Loan Bank membership eligibility, the American Bankers Association provided the banking industry’s perspective on potential changes and how they might affect the FHLB system.
Senate Clears 2020 Spending Bills; Orders CECL Review
In a 71 to 23 vote this afternoon, the Senate approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020.
House Passes 2020 Spending Bills; CECL Study Required
The House today approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020. The Senate is expected to vote on the spending bills later this week.
Developing and Retaining Top Talent for Long-Term Success
It’s fairly obvious why banks are so focused on attracting and retaining high caliber employers. Just as in sports, when you have a talented team and a good game plan, you get great results.
ABA Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for ABA’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
How Banks Should Prepare for a Flood Insurance Lapse
If not reauthorized, the National Flood Insurance Program will lapse on Nov. 21. Here’s what bankers can do to get ready.
Podcast: Making Wealth Management Core to Your Community Bank
How can community banks make wealth management a profitable part of their strategy? At Canandaigua National Bank and Trust in New York, 45% of non-interest income—and 15% of the bank’s total revenue—comes from wealth management, says EVP Sam Guerreri.
Fed Proposes Risk-Based Capital Requirements for Insurance Firms It Oversees
The Federal Reserve today proposed to establish risk-based capital requirements for the eight depository institution holding companies it oversees that are significantly engaged in insurance activities.