ABA, the American Bankers Insurance Association and 52 state bankers associations today wrote to Treasury Secretary Jack Lew urging him to promote Treasury-led efforts to clarify when and how mandatory flood insurance policies are purchased.
President Obama yesterday nominated four individuals to the board of the National Association of Registered Agents and Brokers, also known as NARAB II.
The Federal Housing Finance Agency today issued its final rule changing eligibility for membership in the Federal Home Loan Bank system.
A bipartisan group of seven Senate Banking Committee members today wrote President Obama asking when he will nominate board members of the National Association of Registered Agents and Brokers.
In a joint letter today, ABA and several farming industry groups urged the Senate to repeal a provision in the recent budget bill that would hinder the private-sector delivery of crop insurance.
As data breaches continue to make news and cost banks money, it’s worth remembering that—as with every risk in banking—the final responsibility for addressing cybersecurity risks rests with the board of directors.
ABA and members of its Flood Working Group last week submitted a list of questions and proposed answers to the Federal Reserve, OCC, and FDIC seeking clarity on a number of flood insurance related issues. The Q&A was submitted after regulators, in response to ABA’s request for additional guidance, indicated that they would consider questions
The American Bankers Insurance Association today announced the officers and board members for 2015-16.
While expressing support for the purpose of FDIC’s proposal to revise premium assessments for banks with under $10 billion in assets, ABA in a comment letter Friday also recommended several changes.
Eighty-eight percent of banks carry cyber insurance, but their specific policies differ in what they cover.