Natural disasters

More white knuckles for lenders as flood insurance deadline approaches

07/09/18

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

[more]

SBA plan to share disaster-relief lending role is a bust

04/11/18

A plan to bring in banks was created right after last summer’s hurricane devastation, but the magnitude of those storms, government dawdling on the issue and lenders’ reluctance to participate are key reasons zero loans have been made under the program.

[more]

Legislative progress on flood insurance changes still elusive

03/14/18

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled.

[more]

Banks outside Hurricane Maria's path still qualify for CRA credit

01/25/18

Regulators said they were taking steps to recognize contributions to the recovery made by banks anywhere in the nation.

[more]

After the storm: The impact of recent hurricanes

01/04/18

American Banker comprehensively covered the impact hurricanes Harvey, Irma and Maria had on banks and their customers, including on-the-ground reporting and analysis.

[more]

OCC allows banks in Calf. to close branches in wildfire-hit counties

12/07/17

The fires are raging in Los Angeles and Venture counties, prompting a state of emergency by California's governor.

[more]

Lawmakers pressed to save flood insurance program

11/30/17

Numerous business sectors are urging lawmakers to act quickly to extend the National Flood Insurance Program before a crucial deadline next week.

[more]

Banks have learned lessons of past disasters: Regulators

11/14/17

Banks and their regulators quickly got back up to speed in markets hit hard by recent hurricanes, in part due to the lessons learned by Hurricanes Katrina and Sandy, a panel of regulators said Tuesday.

[more]

Hurricanes contribute to eighth consecutive quarterly loss at OnDeck

11/06/17

The online small-business lender, which has been cutting expenses, said it is on track to achieve profitability in the fourth quarter.

[more]

Freddie expects hurricane losses, but still reports $4.7B profit

10/31/17

A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season.

[more]