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President Signs Flood Insurance Bill

On March 21, President Obama signed the Homeowner Flood Insurance Affordability Act of 2013, which includes several provisions impacting previously enacted mandatory flood insurance purchase requirements. The bill, among...more

FIO Focus, Issue No. 46: Congressional Hearing on the FIO's Modernization Report 02.06.14

Devoted to exploring the progress of the modernization of the insurance industry, FIO Focus provides information and insights about the organizations and issues that are driving change and influencing the future of the...more

Capital Thinking: Financial Services

SENATE VOTE ON FED CHAIR EXPECTED THIS WEEK - The Senate is expected to hold a vote on the confirmation of Ms. Janet Yellen to be Chair of the Federal Reserve Board of Governors this week. In addition to pushing for a...more

FIO Focus - November 2013, Issue 43

On November 19, 2013, the House Financial Services Subcommittee on Oversight and Investigations held a hearing entitled "A General Overview of Disparate Impact Theory." The hearing covered the use of disparate impact...more

Paul & Patty’s Potluck: Budget Conference Could Have Big Implications for Tax Reform

After weeks of tense negotiations, Congress passed legislation on October 16, 2013 to end the government shutdown and raise the debt ceiling. As part of the deal, congressional leaders agreed to establish a conference to...more

As shutdown week 2 approaches, 4 subtle signs of a possible deal

Congressional sources indicate, however, that a deal might not come together politically until very close to the October 17 - 18 deadline at which Treasury Secretary Jack Lew has warned Congress that, absent additional...more

FDIC Promises Guidance On Bank Payment Processing

On September 17, FDIC Chairman Martin Gruenberg responded to a letter sent recently by Republican members of the House of Representatives, in which the members objected to the agency’s approach toward online lending and the...more

Capital Thinking: Financial Services

LEGISLATIVE ACTIVITY - Terrorism Risk Insurance Reauthorization Gets Congress’ Attention - Last week the House Financial Services Committee addressed the issue of reauthorization of the Terrorism Risk Insurance...more

Legislative Update Report No. 2013-17 -- Sept 13, 2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and...more

Legal Alert: Federal Insurance Issues We Are Watching During Fall 2013

The United States Congress has returned from its summer recess. On its first full day back in session, the U.S. House of Representatives passed (by a vote of 397-6) long-stalled legislation that would fundamentally alter the...more

Changes to the future of financial advice (FOFA) reforms on the horizon

With the change of government on the weekend, we are anticipating changes to the FOFA reforms. In the "Coalition's policy to boost productivity and reduce regulation" it states that it will implement all 16 recommendations...more

Senate Banking Leaders Offer Bipartisan FHA Reform Bill

On July 15, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) released a discussion draft of a bill intended to improve the solvency of the FHA’s Mutual Mortgage Insurance Fund (MMI...more

Rogers Towers: Florida House Bill 909 (2013): A Sigh of Relief for Water Mitigation Contractors and Restoration Companies

This past spring, the insurance and banking lobbies created quite a stir in the water and fire damage mitigation and restoration industry....more

Greenberger: Derivatives Legislation Would Seriously Weaken Dodd-Frank  [Video]

May 10 (Bloomberg Law) -- Michael Greenberger, a professor at the University of Maryland School of Law, tells Bloomberg Law's Lee Pacchia that a new set of legislation making its way through the House of Representatives could...more

The Canadian Federal Budget and Financial Institutions

The recently published federal budget (titled “Canada’s Economic Action Plan 2013”) included high level guidance regarding the Government’s priorities for the regulation of financial institutions, services and markets. The...more

Financial Services Legislative And Regulatory Update -- March 18‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Leading the Past Week - It was another busy week on the Hill and in the Administration, but it may have...more

Ritholtz: Insurance Regulators Should Oversee Derivatives [Video]

March 13 (Bloomberg Law) -- Barry Ritholtz, CEO at Fusion IQ, and Tangent Capital Partners' Bob Rice talk with Bloomberg Law's Lee Pacchia about the current state of the derivatives market and a recent initiative by ISDA to...more

Now In Session: Florida’s 2013 Legislature - Summary Of Expected Higher-Level Policy Issues

Florida’s 2013 legislative session opened this week, beginning a 60-day trek to adjournment on May 3, unless extended. The state’s new 2013-2014 presiding legislative officers have endeavored to publicly present a coordinated...more

Under the Dome: Inside the Maine State House Marsch 1, 2013

Under the Dome: Inside the Maine State House is a weekly update that provides a high-level overview of recent activity at the Maine State House. If you would like more specific information regarding an item in this newsletter...more

Is this the Future of Adaptation? Who Pays to Avoid the Cost of Coastal Flooding?

The New York Times reported today that Governor Cuomo is proposing to spend $400 million to buy out owners of property to avoid a recurrence of the damage caused by Hurricane Sandy. I have to say that I have been persuaded...more

Risky Business: Protecting Indian Investments Abroad

GMR’s ouster from the US$511 million airport modernization project in Maldives has refocused the spotlight on political risks facing foreign investments. As the GMR-Maldives story unfolds, this is a good time for Indian...more

New Iran Sanctions Enacted

Satellite Export Controls Now Eligible to be Returned to Commerce Department Jurisdiction - On January 3, 2013, President Obama signed into law Public Law No. 112-239, the Iran Freedom and Counter-Proliferation Act of...more

Late Action to Avert “Fiscal Cliff” Includes Several Health Policy Changes

As was widely expected over the month of December, the Obama Administration and Congress scrambled in the late hours of 2012 and on New Year’s Day devising a legislative package to prevent the United States from going over...more

Ritholtz: 'Dot Com Bonus Envy' Stymies Wall St. Reform [Video]

Dec. 5 (Bloomberg Law) -- The unregulated multi-trillion dollar derivatives market exceeds global GDP and poses a clear danger to the global economy, Chris Whalen, Senior Managing Director at Tangent Capital Partners, and...more

Medicare and Medicaid Reforms Coming in a Second Obama Administration

While Mitt Romney and Paul Ryan campaigned on the promise to repeal the U.S. Patient Protection and Affordable Care Act, and to reform Medicare and Medicaid, their defeat does not mean the health industry should expect no...more

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