Category: U.S. Department of the Treasury

  Entitled “How to Modernize and Improve the System of Insurance Regulation in the United States,” the Federal Insurance Office’s (“FIO”) long-anticipated report (“Report”) was finally released on December 12, 2013 after a delay of nearly two years.  While the …

  In its long-awaited report to Congress on how to modernize and improve the system of insurance regulation in the United States released December 12, 2013, the Federal Insurance Office (“FIO”) recommended the following short-term insurance regulatory reforms for states: …

  In its long-awaited report to Congress on how to modernize and improve the system of insurance regulation in the United States released December 12, 2013, the Federal Insurance Office (“FIO”) listed the following recommended areas for direct federal involvement …

  The long-awaited report to Congress from the Federal Insurance Office on how to modernize and improve the system of insurance regulation in the United States was officially released today, December 12, 2013. To access the report, entitled “How To …

  Today, December 10, 2013, five federal agencies issued final Rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, also known as the “Volcker Rule.” The final Rules prohibit insured depository institutions …

  Pursuant to the Nonadmitted and Reinsurance Reform Act of 2010 (“NRRA”), contained within Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Federal Insurance Office (“FIO”) recently submitted a report to Congress describing the legislation’s …

  The U.S. Federal Reserve Board of Governors advised today, October 11, 2013 that five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard …

  For only the third time in history today, October 8, 2013, the U.S. Federal Reserve began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether …

  Today, September 16, 2013, is the deadline to submit comments on the long-term availability and affordability of terrorism risk insurance pursuant to the Terrorism Risk Insurance Act (“TRIA”).  The law expires on December 31, 2014. So far, comments have …

  Empowering the Federal Insurance Office (“FIO”) and enhancing group supervision were among the recommendations made by the Financial Stability Board (“FSB”) in its assessment of the United States published yesterday, August 27, 2013. To view the complete report, click …