Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Senate votes to extend flood insurance into 2011
WASHINGTON (9/23/10)—The Senate on Tuesday night approved legislation that would extend the National Flood Insurance Plan (NFIP) until Sept. 30, 2011. The legislation must now pass the House before it can move on to be signed by President Barack Obama. The NFIP lapsed for a period of time, beginning on June 1, but was restored in early July when H.R. 5569 was signed into law. The NFIP is now set to expire on Sept. 30. Legislation that would reauthorize the NFIP program until Sept. 30, 2015, and improve the program by adding a Flood Insurance Advocate and raising the maximum coverage limits, passed the House in July. A Senate vote has not been scheduled. The NFIP is important to credit unions because the mortgages they write for properties in a floodplain are required to have flood insurance.


RSS print
News Now LiveWire
.@PCUA Penn. CU Assn leader Conway is #creditunion employee for a day. Read News Now: http://t.co/vBuY8Ukwsg
7 minutes ago
#creditunion employee for the day: @PCUA's Conway #NewsNow http://t.co/xBAMJxKMoQ
9 minutes ago
.@siskiyoucu does 'littlest things' for members while waiting for Weed fire aftermath #NewsNow http://t.co/rkBB3rzxNS
12 minutes ago
#NewsNow .@TheNCUA's McWatters says new risk-based capital comment period is needed. http://t.co/UyeAKudcaz
47 minutes ago
56 MILLION cards hit by #HomeDepotBreach says http://t.co/SEsYHQfSV5. See #NewsNow how #creditunions are helping http://t.co/82S4RUVltp
1 hours ago