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MVA White Collar Defense, Investigations, and Regulatory Advice Blog: Revised Interagency Examination Procedures for the Flood Disaster Protection Act

September 2019

Charlotte Financial Regulatory Advice and Response Member Neil Bloomfield‘s MVA White Collar Defense, Investigations, and Regulatory Advice Blog titled “Revised Interagency Examination Procedures for the Flood Disaster Protection Act” was published on August 30.

The article

The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council (FFIEC) recently published the modified interagency examination procedures for the Flood Disaster Protection Act (FDPA) designed to promote consistency and communication of supervisory expectations in the examination process. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the National Credit Union Administration issued amendments to regulations governing loans secured by property in flood zones covered by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggers-Waters Act). These amendments became effective on July 1, 2019.

The complete blog article can be viewed here.