A fine of $172,500 was assessed against a Tennessee bank last month for failing to obtain or extend flood insurance coverage – up to 196 times – for loans it made, the federal insurer of […]
A civil money penalty over a “pattern or practice” of violations of the central bank’s flood insurance rules and, separately, a written agreement calling for a bank to strengthen board oversight and management were announced […]
A “pattern or practice of violations” of rules implementing the National Flood Insurance Act resulted in a $105,000 civil money penalty assessment against Bryn Mawr Trust Company (Bryn Mawr, Pa.) by the Federal Reserve Board, […]
Twenty-four questions and answers addressing the private flood insurance provisions of the 2012 Biggert-Watters Flood Insurance Reform Act were proposed Thursday by federal financial institution regulators. The proposal – issued jointly by the Farm Credit […]
Farmers Bank & Trust Company (Blytheville, Ark.) was required to pay a $12,000 civil money penalty under a Nov. 6 order by the Federal Reserve Board citing the bank for violations of federal flood insurance […]
A consent order barring the former president of the failed Enloe State Bank from future service in any federally insured financial institution was issued in September by the Federal Deposit Insurance Corp. (FDIC), according to […]
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 […]
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