Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision. The Dodd-Frank Act gives regulators the authority to place insurance companies …
A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming to shield homeowners …
U.S. oversight of financial markets and institutions will operate largely as usual in the event of a government shutdown because most regulators are funded with independent revenue. An exception is the Commodity Futures Trading Commission, the top U.S. derivatives overseer, …
If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown. The insurance industry is not totally immune to the economic …
State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government a greater role in overseeing the industry. Ben Nelson, chief executive officer of the National Association of Insurance Commissioners and …
MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the Fed to avoid bank-like capital rules …
The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far. In the 14 months it has …
U.S. auto safety regulators on Thursday announced a proposal that would require brake override systems on all new passenger cars and trucks, likely by the 2015 model year. The U.S. Department of Transportation safety regulation arm in a 98-page proposal …
U.S. regulators are pressuring Internet companies to put in place by the end of the year a “Do Not Track” system that would give consumers more control over their personal data online, in a report released on Monday that privacy …
The Treasury Department’s Federal Insurance Office was expected to complete and send its highly anticipated report on modernization of insurance regulation to Congress in January. But now, it looks like it may take a while longer. A spokesperson for the …
