Four federal financial institutions regulators issued a reminder Wednesday to lenders that they are still allowed to make loans subject to federal flood insurance laws when the National Flood Insurance Program (NFIP) is not available, […]
Homeowners facing flooding from rivers and creeks – numbering in the hundreds of thousands in the Southeast and central Southwest of the country — are more likely to be underinsured than sea coastal residents, according […]
A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]
A $9,600 civil money penalty was imposed on Select Bank, Forest, Va., over findings of federal flood insurance law violations, according to a consent order announced Tuesday by the Federal Reserve Board. The order refers […]
Regions Bank of Birmingham, Ala., was assessed a $2.95 million civil money penalty this month over unsafe and unsound practices in its flood insurance program, according to a consent order released Tuesday by the Federal […]
Violations of rules implementing federal flood insurance laws has cost a Massachusetts bank a fine of $17,000, the Federal Reserve said in an enforcement action issued Thursday. In a release, the Fed said Easthampton Savings […]
Flood insurance questions – and answers – will be the topics of discussion at a free July 27 interagency webinar conducted by the Federal Deposit Insurance Corp. (FDIC), the agency said Thursday. The 2022 interagency […]
A handful of civil money penalty orders and prohibitions are included among the 14 enforcement orders issued in May and released Friday by the Federal Deposit Insurance Corp. (FDIC). In one consent order, the FDIC […]
Civil money penalties (CMPs) totaling $18,900 were imposed on two banks in Arkansas and Minnesota under enforcement orders announced Tuesday by the Federal Reserve Board. The consent orders show that Evolve Bank &Trust, West Memphis, […]
Flood insurance questions and answers are outlined in a bulletin issued Tuesday by the regulator of national banks, following up on an interagency notice issued earlier in the month. The Office of the Comptroller of […]
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