Trades Offer Recommendations for Improving Flood Insurance
ABA and other financial and insurance associations this week wrote to lawmakers outlining recommendations for improving the National Flood Insurance Program.
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ABA, Trades Outline Principles for Flood Insurance Reform
In a letter to Senate Banking Committee leadership yesterday, ABA and other financial services and insurance trade associations outlined principles for regulatory reform with respect to flood insurance.
Data Theft Damages: Who Pays?
When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete by Facebook—proves nothing is safe.
ABIA to Merge with ABA, Convert to Council Structure
The American Bankers Insurance Association — an ABA affiliate — has voted to fully integrate with ABA, converting the ABIA board and membership into an ABA council and committees.
Building a Premium Business
The not-so-complicated foundation of a healthy bank life insurance sales program.
ABA: Proposed Arbitration Rule Not in Public Interest
ABA and other trade groups today urged the Consumer Financial Protection Bureau not to move forward with its proposed rule on arbitration, arguing that the rule is not in the public interest, does not protect consumers, and is inconsistent with the bureau’s own study of arbitration of consumer financial products and services.
ABIA Supports Proposed Privacy Notice Changes
The American Bankers Insurance Association yesterday expressed its support for the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.
ABIA Weighs in on Incentive-Based Compensation Proposal
In a letter to regulators today, the American Bankers Insurance Association expressed its opposition to the Federal Reserve Board’s proposal to apply its incentive-based compensation rule to persons providing insurance.
Obama Nominates Additional NARAB Board Members
President Obama on Monday nominated three more individuals to the board of the National Association of Registered Agents and Brokers, also known as NARAB II.
ABA Applauds Passage of HSA Legislation
ABA today applauded the passage of H.R. 1270, the Restoring Access to Medication Act. The bill — which advanced by a bipartisan vote of 243 to 164 — expands the range of health care products and services covered by health savings accounts and increases the amount individuals can contribute to their HSAs each year.