The Department of Housing and Urban Development today Read the proposal to allow mortgagors the option to purchase private floor insurance on Federal Housing Administration-insured mortgages for properties located in Special Flood Hazard Areas.
Today ABA commented on the interagency proposed questions and answers issued by the prudential banking agencies earlier this year.
The banking agencies today released several new interagency questions and answers on flood insurance compliance, as well as a major reorganization of and certain revisions to pre-existing Q&As.
In a 71 to 23 vote this afternoon, the Senate approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020.
The House today approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020. The Senate is expected to vote on the spending bills later this week.
In a world where bank CEOs often reach the corner office via serving as chief financial officer or building a career on the lending side, Clayton Legear did things differently.
As one of the country’s generation of young bank CEOs, and one whose professional background is in risk management and regulatory compliance, Clayton Legear shares his unique outlook in the latest episode of the ABA Banking Journal Podcast.
If not reauthorized, the National Flood Insurance Program will lapse on Nov. 21. Here’s what bankers can do to get ready.
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.