Tag Archives: flood insurance

Rep. McHenry Calls for Hearings on Several Priority Issues

House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Chairman Maxine Waters (D-Calif.) today urging her to hold hearings on a number of critical financial services issues, including several American Bankers Association priorities. 

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FEMA Curtails New Flood Insurance Policies During Government Shutdown

In an unanticipated move yesterday, the Federal Emergency Management Agency announced that it will halt regular National Flood Insurance Program operations during the government shutdown, a decision that will complicate and potentially delay loan closings for borrowers seeking mortgages where NFIP coverage is required.

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Trade Groups Call on Congress to Extend NFIP

The American Bankers Association joined 26 other industry trade groups in a letter to congressional leaders urging them to take action to extend the National Flood Insurance Program, which is scheduled to lapse on Friday.

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