Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NFIP extended until May 31
WASHINGTON (4/19/10)--H.R. 4851, the Continuing Extension Act of 2010, was signed into law by President Barack Obama on Thursday, and, as a result, the authorization for the National Flood Insurance Program (NFIP) has been extended until May 31. The legislation also continues federal subsidies to COBRA health insurance recipients through April 30 and extends federal unemployment insurance until May 5. NFIP is important to credit unions because the mortgages they write for properties in a floodplain are required to have flood insurance. Since flood insurance is unavailable in many parts of the country, the NFIP is an important resource to credit unions and other lenders. The NFIP, COBRA and unemployment insurance have been lapsed since March 29. The NFIP cannot issue new flood insurance policies, increase coverage on existing policies, or issue renewal policies until the Congress restores NFIP authority. The Congress is currently working on an extenders bill that would extend some tax programs and other programs through the end of the year.


RSS





print
News Now LiveWire
Power hour: Royal #creditunion volunteers make 60 minutes count http://t.co/Qm3iQUO3oh
30 minutes ago
#NewsNow LinkedIn group a new home for bank-to-CU employees http://t.co/24bNaDd1YN
1 hour ago
Effective March 1, @MasterCard will allow its U.S.-issued cards to be used in Cuba http://t.co/mg6puyGWe7
1 hour ago
Using #ApplePay at the register? What if you were asked to show photo ID? Lawmaker considers it http://t.co/EwIu2iM1Rd @pymnts
1 hour ago
.@TheNCUA's #RBC2 will be published in tomorrow's (1/27) @FedRegister, which will start the proposal's 90-day comment period.
2 hours ago