A battle is shaping up over the efforts of the federal truck safety agency to raise the minimum financial responsibility requirements for motor carriers, something which has not been done since the 1980s.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.
Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.
A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.
A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.
Rep. Jeb Hensarling proposes a 7-month "clean" TRIA extension of the program in its current form as a backup plan should Congress not be able to agree on a longer-term bill. But could he just be playing for time in hopes of working with a more conservative Congress in 2015?
Rep. Jeb Hensarling proposes a 7-month "clean" TRIA extension of the program in its current form as a backup plan should Congress not be able to agree on a longer-term bill. But could he just be playing for time in hopes of working with a more conservative Congress in 2015?
A Thursday vote has been scheduled on the House Financial Services Committees version of legislation reauthorizing the Terrorism Risk Insurance Act as industry reps stake out their positions on the House and Senate versions.
