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Home » Regulation » State » Page 6

State

Federal regulators pause appraisal requirements in Los Angeles County due to wildfires

By Dave Kovaleski   |   April 17, 2025   |   Featured

Federal regulators have paused certain appraisal requirements for real estate-related transactions in Los Angeles County due to wildfires. This step was taken to help facilitate recovery efforts fr...

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Liberty Mutual pays $300,000 penalty for misleading consumers in Delaware

By Liz Carey   |   April 16, 2025   |   Industry

The Delaware Department of Insurance announced on Monday that Liberty Mutual has paid a penalty of $300,000 across three member companies, with an express stipulation that an additional $200,000 must ...

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Insurance group weighs in on insurance marketplace bills in Texas

By Liz Carey   |   April 10, 2025   |   Industry

Insurance group the American Property Casualty Insurance Association (APCIA) weighed in on proposed Texas legislation that would change its insurance marketplace recently, saying the state can improve...

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Program would help owners of homes destroyed by natural disasters

By Melina Druga   |   February 21, 2025   |   Industry

California Gov. Gavin Newsom recently announced a proposal that would create a more than $125 million mortgage relief program to assist homeowners whose homes were destroyed or severely damaged by rec...

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Calif. insurance commissioner: $6.9B paid out in wildfire insurance claims so far

By Dave Kovaleski   |   February 18, 2025   |   Industry

California Insurance Commissioner Ricardo Lara said on Feb. 13 that more than $6.9 billion has been paid to survivors of the state’s devastating wildfires that hit the Los Angeles area last month. ...

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American Property Casualty Insurance Association warns against insurance claim fraud following LA wildfires

By Melina Druga   |   January 29, 2025   |   Federal

The American Property Casualty Insurance Association (APCIA), a trade association for home, auto, and business insurers, is warning those affected by the Los Angeles area wildfires to be cautious of t...

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New York State proposes rule to curb unfair overdraft fees

By Dave Kovaleski   |   January 24, 2025   |   Industry

The New York State Department of Financial Services has proposed regulations to enhance consumer protections against unfair overdraft fees. The proposed regulations ensure consumers will no longer ...

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State regulators take enforcement action against fintech for BSA/AML violations

By Dave Kovaleski   |   January 17, 2025   |   Federal

The Conference of State bank Supervisors (CSBS) announced that 48 state financial regulators took enforcement action against Block, Inc., for BSA/AML violations. CSBS said that Block violated the B...

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New York Court issues consent order against Gemini Trust

By Melina Druga   |   January 16, 2025   |   Industry

The U.S. District Court for the Southern District of New York recently filed a consent order against New York-based trust company Gemini Trust Co. LLC, ordering the company to pay a $5 million civil m...

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New York Fed survey looks at consumers expectations for inflation, income, jobs

By Dave Kovaleski   |   January 15, 2025   |   Featured

The Federal Reserve Bank of New York released the results of its Survey of Consumer Expectations for December. Prepared by the NY Fed’s Center for Microeconomic Data, the survey shows that infla...

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