The Nutter Bank Report is a monthly electronic publication of
the firm's Banking and Financial Services Group and contains
regulatory and legal updates with expert commentary from our
banking attorneys.
Headlines
1. Division of Banks Considers Rules to Implement New Flood
Insurance Law
2. FDIC, OCC and CFPB Order Money Penalties and Restitution for
UDAP Violations
3. Federal Banking Agencies Propose Swap Margin Requirements
4. CFPB Announces Enforcement Action for Mortgage Servicing
Violations
5. Other Developments: CRA and Basel III
1. Division of Banks Considers Rules to Implement New Flood
Insurance Law
The Division of Banks held an informational hearing on September
11 in connection with flood insurance rules it will be issuing that
would require creditors, including banks, to deliver certain
disclosures to home mortgage loan borrowers if a borrower is
required to purchase flood insurance. The rules would implement
Chapter 177 of the Acts of 2014,