Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
FEMA ANPR on payments to WYO companies
FEMA has published [84 FR 32371] an advance notice of proposed rulemaking seeking comment on possible approached to incorporating actual flood insurance expense data into the payment methodology FEMA uses to determine the amounts of payments to private insurance companies participating in the Write Your Own (WYO) flood insurance program. FEMA was directed to modify the way it pays WYO companies under the Biggert-Waters Flood Insurance Reform Act of 2012.
Comments are requested by September 6, 2019.