insurance faq 
CFPB Monitor
JUNE 17, 2020
On June 9, 2020, the CFPB published four new TRID FAQ’s and a TRID Factsheet (“Factsheet”). With one exception, the four new FAQ’s published did not change or expand on existing language of the rule and its commentary. Instead, the full lender’s premium must be disclosed, and a discounted owner’s premium calculated.
CFPB Monitor
JUNE 17, 2020
On June 9, 2020, the CFPB published four new TRID FAQ’s and a TRID Factsheet (“Factsheet”). With one exception, the four new FAQ’s published did not change or expand on existing language of the rule and its commentary. Instead, the full lender’s premium must be disclosed, and a discounted owner’s premium calculated.
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South State Correspondent
MARCH 15, 2023
Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Look for more formal education teaching bankers how to talk to customers about FDIC insurance, bank safety, and liquidity concerns.
Abrigo
MAY 11, 2020
title insurance companies, their subsidiaries, and agents, to determine the beneficial owners (natural person) behind certain entities used in “covered” residential real estate transactions, including cashier’s checks, certified checks, traveler’s checks, personal checks, business checks, money orders, funds transfers, or virtual currency.
Abrigo
NOVEMBER 12, 2020
Whil e the title insurance companies are required to collect and report data on covered transactions, financial institutions should have procedures in place to ensure detection of these tr ansactions. What does this GTO mean for your institution? BSA Rules and Regulation. Customer Due Diligence.
Bankelele
NOVEMBER 24, 2019
Kenyan insurance firm, ICEA Lion (the Insurance Company of East Africa), launched a cancer insurance policy in October. Yet there is a billboard, and their own FAQ’s, that state that the policy is NOT a medical […]. They have been advertising in newspapers, TV with the promise of cover for just Kshs 165 ($1.$
Abrigo
APRIL 21, 2020
Shortly after, the Treasury updated its FAQs to include a disbursement timeline of 10 calendar days. By the time the FAQ was issued, financial institutions had been making PPP loans for about four days. Non-bank SBA-approved lenders, however, may not participate in the PPPLF at this time.
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