Joint Comment Letter on Interagency Proposal to amend Flood Insurance Rules (12/6/13) Read ABA's Comment Letter Template . ABA, its American Bankers Insurance Association subsidiary, and CBA cautioned federal regulators about their proposed rules implementing the 2012 Biggert-Waters flood insurance reform law, noting problems with exclusions to the escrow requirement, lender-placed insurance and a safe harbor for private insurance.
OCC’s Curry: Consumer Protection Part of Safety and Soundness (12/6/13) The OCC’s approach to supervision considers consumer protection to be essential to safety and soundness, Comptroller Thomas Curry said in a speech to a consumer group. “A bank can’t be safe and sound if it mistreats or abuses its customers,” he said. “In an industry where reputation means everything, a financial institution that engages in shoddy practices will soon find its best customers running for the doors — and law enforcement running in.”