Government
Efforts to Delay Flood Insurance Rate Hikes Floundering
Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say ...
Consumer Bureau Hands Title Insurers Win Over Mortgage Disclosure Rule
A U.S. rule that would have wrapped title insurance into the total costs listed on a simplified mortgage-disclosure form was dropped by the Consumer Financial Protection Bureau after industry ...
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
FEMA Seeks Dismissal of State Lawsuit to Delay Flood Insurance Rate Hikes
The federal government is urging a federal court to dismiss a Mississippi lawsuit seeking to halt flood insurance rate hikes until an affordability study is completed. In arguing for the suit ...
Obama Administration Opposes Privatizing Fannie Mae, Freddie Mac
President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae and Freddie Mac, National Economic Council Director Gene Sperling said. "I want to make clear, the Obama ...
JPMorgan’s $13 Billion Deal: A Shield Against Lawsuits?
JPMorgan Chase & Co.'s record $13 billion deal to end probes into mortgage-bond sales may save the bank billions more because of what the agreement lacked: an explicit admission of wrongdoing. ...
Treasury Nominee Raskin Says Bank Rules Do Not Fit Insurers
President Barack Obama's nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large systemically important insurance companies should not face the same ...
Setbacks Outweigh Gains in World’s Bid to Meet Carbon Goals: Study
The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A ...