Browsing: Newsbytes

Compliance and Risk

The FDIC, OCC, Federal Reserve, Farm Credit Administration and National Credit Union Administration today issued a proposed rule implementing the 2012 Biggert-Waters flood insurance reform law’s efforts to stimulate a robust marketplace for private flood insurance that would offer a competitive alternative to the National Flood Insurance Program.

Economy

Housing starts fell to a seasonally adjusted annual rate of 1.047 million in September, 9.0% below the revised august estimate of 1.150 million and 11.9% below the September 2015 rate. Housing activity fell in most regions, falling 36.0% in the Northeast, 14.1% in the Midwest and 5.3% in the South. Activity in the Midwest was

Economy

Economic activity expanded across most of the twelve Federal Reserve Districts over the late August to early October period, according to the just-released Federal Reserve Beige Book. Most Federal Reserve Districts reported “modest” or “moderate” expansion; however, the New York District reported no change in activity. Banking conditions remained favorable, despite seasonal softening in some

Cybersecurity

In recognition of Cybersecurity Awareness Month, ABA offered tips consumers can use to prevent identity theft, which is estimated to have affected 17.6 million Americans in 2014.

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index was 63 in October, down from a reading of 65 in September, but still well above the peak of 61 over the prior nine months.

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