Flood insurance

Consumers pounce on 4% mortgages; What’s in a name?

06/13/19

Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.

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House poised to advance flood insurance reform, beneficial owner rules

06/12/19

Bills to fix the National Flood Insurance Program and combat the money-laundering risks from shell companies enjoyed bipartisan support during a House Financial Services Committee debate.

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‘Epic’ flooding forces ag banks to lean on farm agency

06/10/19

Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand?

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Congress extends national flood insurance program by two weeks

05/30/19

Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring on Saturday.

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House lawmakers still divided on flood insurance reforms

03/13/19

The House Financial Services Committee debated legislation Wednesday to reform and reauthorize the National Flood Insurance Program, but no clear solution emerged.

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House banking panel to examine Wells Fargo, CFPB in March

02/25/19

The House Financial Services Committee will hold eight hearings next month, looking at Wells Fargo's recent consumer protection scandals, a reauthorization of the flood insurance program and more.

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Banks claim victory in new private flood insurance rule

02/11/19

Depository mortgage lenders are optimistic the final version of a regulation designed to open up the flood insurance market will make it easier for them to comply with a rule requiring them to accept private carrier policies.

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The shutdown's impact on financial services

01/13/19

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.

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FEMA ends halt on flood insurance policies during shutdown

12/31/18

The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.

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Waters calls on FEMA to continue offering flood insurance despite shutdown

12/27/18

Lawmakers and industry groups were caught off guard when FEMA said it wouldn't issue flood insurance policies during the government shutdown, despite an extension passed last week.

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