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Washington Watch

Independent Banker

Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. Community Bankers Chosen as CFPB Advisors. The Consumer Financial Protection Bureau named nine community bankers to serve new terms on the bureau’s Community Bank Advisory Council. Starting fresh.

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Hurricane Insurance: What is Covered & What is Not Covered

MyBankTracker

In high-risk states, the hurricane coverage applies only when the National Weather Service has issued a hurricane watch or warning in the state. You can obtain a policy from the National Flood Insurance Program. States with Hurricane Deductibles. There are 19 states with mandatory hurricane deductibles: Alabama. Connecticut.

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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

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