The New York Department of Financial Services today issued a final rule adopting a “best interest” standard for insurers licensed to sell life insurance and annuity products.
As the House Ways and Means Committee today began a markup of several bills that included provisions related to health savings accounts, ABA wrote to committee leaders thanking them for their efforts to expand the flexibility of HSAs.
A group of 22 trade associations today wrote to congressional leaders urging them to take swift action to extend the National Flood Insurance Program to avoid a lapse in the program, which is set to expire on July 31.
By a bipartisan 86-11, the Senate today passed its version the 2018 farm bill.
The text of the regulation alone is not enough to understand the full scope of our responsibilities for flood compliance.
A coalition of more than 600 agricultural banking and insurance organizations — including ABA — and other ag industry constituents signed onto a letter to members of the Senate urging them to oppose any harmful amendments in the 2018 Farm Bill that would increase the cost of, reduce or limit participation in, or harm private sector delivery of crop insurance.
In testimony before the Joint Economic Committee today, ABA HSA Council Executive Director Kevin McKechnie called on Congress to expand and strengthen health savings accounts as part of the ongoing effort to improve the American healthcare system.
…and more insights from ABA’s Compliance Center Inbox in the July/August issue of the ABA Banking Journal.