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ARTICLE · 01 OCTOBER 2014

Nutter Bank Report, September 2014

The Division of Banks held an informational hearing on September 11 in connection with flood insurance rules it will be issuing.

United StatesFinance and Banking

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,

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