Trades Offer Recommendations for Improving Flood Insurance
ABA and other financial and insurance associations this week wrote to lawmakers outlining recommendations for improving the National Flood Insurance Program.
ABA and other financial and insurance associations this week wrote to lawmakers outlining recommendations for improving the National Flood Insurance Program.
In a letter to Senate Banking Committee leadership yesterday, ABA and other financial services and insurance trade associations outlined principles for regulatory reform with respect to flood insurance.
The House today unanimously voted to pass H.R. 2901, the Flood Insurance Market Parity and Modernization Act.
ABA in a letter last week urged regulators to issue guidance clarifying whether the advancement of a lender-placed flood insurance premium constitutes an “increase” to the designated loan, which is a statutory “tripwire” under the Flood Disaster Protection Act.
The FDIC today released an updated series of resource videos on flood insurance to help bank executives and compliance staff better understand federal flood insurance laws, regulations and compliance responsibilities.
The House Financial Services Committee last week voted to advance the Flood Insurance Market Parity and Modernization Act to the full House for consideration.
ABA, the American Bankers Insurance Association and 52 state bankers associations today wrote to Treasury Secretary Jack Lew urging him to promote Treasury-led efforts to clarify when and how mandatory flood insurance policies are purchased.
Can a bank text updates to the kids in its savings club?
A HELOC for an executive officer and other sticky compliance situations.
ABA and members of its Flood Working Group last week submitted a list of questions and proposed answers to the Federal Reserve, OCC, and FDIC seeking clarity on a number of flood insurance related issues. The Q&A was submitted after regulators, in response to ABA’s request for additional guidance, indicated that they would consider questions