Flood insurance

Citibank fined nearly $18 million for flood insurance violations

01/21/20

The OCC said Citigroup's main bank subsidiary violated the Flood Disaster Protection Act by not ensuring that borrowers with homes in flood hazard areas had insurance coverage.

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In partisan D.C., House banking panel flips the script

11/14/19

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

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Dozens of lawmakers urge more flood insurance reforms

11/01/19

A group of 64 House lawmakers is pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood insurance reform legislation.

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Sean Duffy, leading GOP voice on House banking panel, to resign

08/26/19

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program.

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Lawmakers unveil competing flood insurance bill

07/16/19

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.

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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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