If not reauthorized, the National Flood Insurance Program will lapse on Sept. 30. Here’s what bankers can do to get ready.
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The Federal Financial Institutions Examination Council updated its Flood Disaster Protection Act examination manual to reflect changes resulting from the new private flood rule, which went into effect on July 1, 2019.
A new rule is expected to provide significant relief to lenders. Ensure your bank is ready to comply.
The House Financial Services Committee voted to advance the NFIP Reauthorization Act of 2019
Ahead of a markup scheduled in the House Financial Services Committee tomorrow, the American Bankers Association in a memo to committee members offered support for two flood insurance bills scheduled for consideration.
In a long-awaited move last night, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) announced that they have reached an agreement on a five-year extension of the National Flood Insurance Program.
As House Financial Services Committee members continue preparing a much-anticipated long-term reauthorization of the National Flood Insurance Program, Chairwoman Maxine Waters (D-Calif.) said today that she is focusing on affordability of NFIP premiums.
The potential for a lapse in funding for the National Flood Insurance Program increased today as the House failed to pass two separate measures that would have temporarily extended the program, which is currently set to expire at midnight on Friday.
In a recent letter to congressional leaders, the American Bankers Association called for the extension of the National Flood Insurance program to ensure that millions of Americans can continue to access flood insurance coverage as Congress contemplates more significant changes to the program.
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.