Lenders concerned about flood insurance may have another option to scouring hundreds of floodplain maps to determine if their loans require additional insurance, and now can get home buyers' credit reports to boot. Trans Union Corp., a Chicago-based consumer credit service has joined forces with Flood Zones, an Austin, Texas-based flood hazard certification provider, to furnish lenders nationwide with flood certification services that are rolled into a package with mortgage credit reports. Customized flood certificates can be issued in 24 hours or less, Trans Union said, and are fully guaranteed and indemnified through Flood Zones against errors and omissions based on volume for up to $5 million. Flood Zones has roughly 500 mortgage lending subscribers and reports that since the Trans Union-Flood Zones announcement July 21, has signed on seven more subscribers. For details, contact Trans Union at (800) 899-7132 or Flood Zones at (800) 362-0866.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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