Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Comment on flood insurance guidance changes sought CUNA
WASHINGTON (8/6/09)--The Credit Union National Association (CUNA) has issued a regulatory comment call on recently proposed additions to a series of flood insurance-related questions and answers that are provided by the National Credit Union Administration (NCUA) and other financial regulators. The new content, which addresses, among other items, second lien mortgages, civil money penalties, loan participation, construction loans, insurable value calculations, are a response to public comments to the agencies, and will both address new areas and clarify some existing guidance. The U.S. House also recently agreed to extend the National Flood Insurance Program, which was set to expire on Sept. 30 of this year, through March 31, 2010. The Senate has not yet voted on the proposed extension. CUNA is asking credit unions to list their concerns regarding proposed changes to the guidance on replacement cost valuations and provisions for implementing force placement insurance when a previous insurance policy has lapsed. The Q&A revisions will become effective on Sept. 21. The NCUA will also accept comments regarding the new Q&A additions until this date. Comments are due to CUNA by September 10. For more information, use the link.


RSS





print
News Now LiveWire
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 hour ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 day ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
1 day ago