Proposed Interagency Questions and Answers Regarding Private Flood Insurance

On March 11, 2021, the Federal Reserve Board, FCA, FDIC, NCUA, and OCC published 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance. The agencies state that the proposal is intended to help lenders comply with the agencies’ joint rule which implemented the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.  These questions would … Read More

DCU’s 2021 Exam Focus

In February, the Division of Credit Unions (DCU) released Bulletin B-21.01, Strategic Initiatives and Exam Focus for 2021. The Bulletin includes updates of the DCU’s 2020 strategic initiatives and objectives, as well as their exam focus for 2021. In 2020, the DCU restructured its examiners into four teams- three devoted to performing safety and soundness exams and one for specialty exams. The DCU also … Read More