News Topic: Natural disasters

From delivering water door to door to turning offices into shelters, bankers in the state have adapted their hurricane-response plans to offer customers and employees relief from the past week's snow emergency and power outages. ... Read full article

A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption. ... Read full article

Branches in the Gulf Coast region largely avoided massive flooding. Now bankers must assess the impact on employees and customers. ... Read full article

The agency said national banks could close offices “at their discretion” as a safety precaution if they are affected by fires in California and Colorado. ... Read full article

The account would complement the existing Community Development Financial Institutions Fund and could be replenished annually if banks and credit unions use the funds to help when natural disasters and other crises occur. ... Read full article

Recovery from a massive storm that touched down near Nashville is in its early stages, but bankers are looking at fee waivers and increased access to cash for those who were affected. ... Read full article

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes. ... Read full article

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. ... Read full article

Executives at banks in California say there's only so much they can do until the flames subside. ... Read full article

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

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? ... Read full article

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

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. ... Read full article

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. ... Read full article

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages. ... Read full article

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January. ... Read full article

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

Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires. ... Read full article