Flood insurance

Banks claim victory in new private flood insurance rule


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.


The shutdown's impact on financial services


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.


FEMA ends halt on flood insurance policies during shutdown


The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.


Waters calls on FEMA to continue offering flood insurance despite shutdown


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.


The border wall fight is killing chances of year-end banking reforms


As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.


Two Dems vie to chair housing subcommittee in congressional shake-up


Reps. Lacy Clay and Emanuel Cleaver, both from Missouri, have shown interest in running the panel that could be a focal point in efforts to reform Fannie Mae and Freddie Mac.


Congress passes one-week flood insurance extension


Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.


Senate passes flood insurance extension hours before deadline


Lawmakers authorized a four-month extension less than a day before the program was set to expire.


House passes flood insurance extension with deadline fast approaching


With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.


House bill would reform and extend flood insurance program


Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.