M&T Bank of Buffalo, N.Y., was assessed a $546,000 civil money penalty Oct. 14 by the Federal Reserve over what the Fed called the bank’s “pattern or practice of violations” of Fed rules implementing the […]
Federal regulators have extended until Nov. 3 the public comment deadline on their proposed update to interagency questions and answers regarding flood insurance, the agencies announced recently. In a Sept. 1 release, the regulators – […]
A West Virginia bank is the latest financial institution to face penalties from federal regulators for violations of flood insurance requirements. Ironically, the bank is located in Hurricane, W.Va. The Federal Reserve Friday said that […]
An updated list of questions and answers aimed at providing insight to changes to flood insurance requirements under new rules regarding loans in special flood hazard areas were released for comment Friday by federal banking […]
A civil money penalty of $9,500 was assessed against Farmers & Merchants Bank of Craig County (New Castle, Va.) this week over violations of federal flood insurance rules, according to a consent order announced Thursday […]
A New York bank was assessed a $36,500 penalty for violations related to flood insurance coverage of real estate loans, the Federal Reserve said Thursday. Alden State Bank (of Alden, N.Y.) was assessed the civil […]
A fine of nearly $18 million is the result of findings of shortcomings in flood insurance protection for one of the nation’s largest banking organizations by the federal regulator of national banks, the agency said […]
Fair lending and flood disaster sections have been updated in the federal insurer of bank deposits’ compliance examination manual (CEM), the agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) said the updates were made […]
A Nebraska bank must pay a $37,000 civil money penalty (CMP) for a violation of flood insurance requirements, and a Miami, Fla., institution no longer faces an enforcement action that was first applied 12 years […]
Civil money penalties were assessed against First Ipswich Bank (Ipswich, Mass.) and Brookline Bank (Brookline, Mass.) of $20,000 and $36,000, respectively, over violations of federal flood insurance rules, according to orders executed last week by […]
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