Insurance

Citing insurance concerns, Anchorage-based Credit Union 1 shut down its marijuana-banking pilot program after less than one year. The move reflects lingering hesitation around banking the industry.

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program.

Recent legislation to lower auto insurance premiums in the Wolverine State could cut into noninterest income, but many institutions are still unclear on how much of a hit they’ll take.

The loan-aggregation CUSO has partnered with CU Financial Group to offer its members access to a range of insurance carriers.

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.

The autonomous vehicle lending market isn’t expected to peak for decades, but some CUs are already jumping in, and they could be at the forefront of rapid shifts in the automotive industry.

This year’s payments industry mergers have exposed numerous corporate, geographic, product and talent gaps, yet perhaps few payment types are more challenging and stuck in the past than health care.

Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.

Bills to fix the National Flood Insurance Program and combat the money-laundering risks from shell companies enjoyed bipartisan support during a House Financial Services Committee debate.

Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand?

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

The Federal Communications Commission is expected to consider changes that would allow consumers to block calls from numbers not on their contacts list while the House should vote to extend the National Flood Insurance Program.

Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring on Saturday.

Rodney Hood, chairman of the National Credit Union Administration board, will testify later this week before a Senate committee with CECL as a likely topic.

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group.

The Fitchburg, Mass.-based institution also started an insurance agency and upgraded its mobile banking last year.

First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.

The House Financial Services Committee debated legislation Wednesday to reform and reauthorize the National Flood Insurance Program, but no clear solution emerged.

The House Financial Services Committee will hold eight hearings next month, looking at Wells Fargo's recent consumer protection scandals, a reauthorization of the flood insurance program and more.

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.