Natural disasters

House banking panel to examine Wells Fargo, CFPB in March


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.


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.


EU fines Mastercard; Why climate change worries BofA


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


FHA commissioner to serve as HUD's acting No. 2


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


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.


Regulators offer relief to institutions impacted by California wildfires


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


Banks in wildfires' path scramble to contact employees


Assessments of damage to branches and customers' homes have been elusive.


Reverse mortgage program remains threat to FHA’s financial health


As the Federal Housing Administration prepares to release its annual actuarial report sometime this month, the industry is questioning how the reverse mortgage program fits into the agency's future.


SBA scrapping plan to back disaster loans by banks


The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.


Popular rebounds from Maria, but Puerto Rico's challenges endure


The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents.