Obama Nominates NARAB, Ex-Im Board Members
President Obama yesterday nominated four individuals to the board of the National Association of Registered Agents and Brokers, also known as NARAB II.
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ABA Prevails on Asset Test for FHLB Membership
The Federal Housing Finance Agency today issued its final rule changing eligibility for membership in the Federal Home Loan Bank system.
Senators Call for Obama to Appoint NARAB Members
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.
ABA, Farming Groups Urge Senate to Restore Crop Insurance
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.
Cyber Compliance: The Board’s Next Enforcement Action Worry
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 Seeks Additional Flood Insurance Guidance
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
New ABIA Officers, Board Members Announced
The American Bankers Insurance Association today announced the officers and board members for 2015-16.
ABA Asks FDIC to Reconsider Parts of Assessment Proposal
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.
Weekly Infobyte: What Do Cyber Insurance Policies Include?
Eighty-eight percent of banks carry cyber insurance, but their specific policies differ in what they cover.
Report: Bankers Expect Rising Premiums for Cyber, FIB, Property Insurance
Results from ABA’s 2015 Bank Insurance Survey Report show that bankers expect most of their insurance premiums to remain the same or, in some cases, decrease for the next renewal cycle. Most banks saw estimated premiums rise for cybersecurity, property insurance and financial institution bond policies, among others.