Insurance

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

Lawmakers and industry groups were caught off guard when FEMA said it wouldn't issue flood insurance policies during the government shutdown, despite an extension passed last week.

The sale should increase Shore's capital levels and allow it to expand its banking activities.

As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.

Reps. Lacy Clay and Emanuel Cleaver, both from Missouri, have shown interest in running the panel that could be a focal point in efforts to reform Fannie Mae and Freddie Mac.

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

A new finance and insurance program from Dealertrack aims to make auto lending faster for consumers, lenders and dealers.

Lawmakers this week are expected to consider Kathy Kraninger's nomination to the CFPB along with reauthorization of the National Flood Insurance Program.

The agency alleges the subprime auto lender violated consumer finance laws by misrepresenting the level of guaranteed insurance protection.

On paper, conditions would seem favorable for regional banks to pursue acquisitions in order to overcome organic growth challenges. But executives have poured cold water on that idea in recent days.

ABA Insurance Services, which is owned American Bankers Mutual Insurance, offers a range of services to banks, small businesses and nonprofits.

Rocky Mountain Credit Union in Helena, Mont., and River Valley Credit Union in Miamisburg, Ohio, have converted to coverage from American Share Insurance.

The milestone for CUNA Mutual Group's consumer-facing brand for life insurance products includes $1 billion issued through online channels.

The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.

In partnering with Ingo Money, Safelite Solutions will be able to provide a service for their customers that's designed to make the processing of minor auto physical damage claims easier than manual processes.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

For the millions of consumers who file auto insurance claims every year, many of whom use digital tools such as mobile apps to submit them, the process grinds to a halt when it comes time to receive their payment.

A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they are sufficiently covered.

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.