Search Results for keywords:"Appeals Process"

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Search Results: keywords:"Appeals Process"

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  • 2021-01547 — Guidelines for Appeals of Material Supervisory Determinations
    Type:Notice
    Citation:86 FR 6880
    Reading Time:about 43 minutes

    The Federal Deposit Insurance Corporation (FDIC) has revised its guidelines for appealing material supervisory decisions. These changes focus on creating an independent Office of Supervisory Appeals to replace the existing Supervision Appeals Review Committee, aiming to enhance procedural fairness and speed in handling enforcement-related decisions. The FDIC received public comments supporting the increased independence of the appeals process, as many believed it would bolster confidence in the system. Additionally, the guidelines outline who can appeal, what decisions can be appealed, and the role of the new Office in ensuring fair resolution.

    Simple Explanation

    The FDIC has made new rules to make it easier and fairer for banks to ask for help if they think they've been treated unfairly. They want a new team to listen to these concerns, so everyone feels the rules are fair and clear.

  • 2021-03764 — Changes in Flood Hazard Determinations
    Type:Notice
    Citation:86 FR 11316
    Reading Time:about 3 minutes

    The Federal Emergency Management Agency (FEMA) has issued a notice regarding changes in flood hazard determinations for certain communities. These determinations involve updates to things like Base Flood Elevations and Special Flood Hazard Area boundaries, based on new scientific or technical data. The changes are reflected in the Flood Insurance Rate Maps and Flood Insurance Study reports, which have been updated through Letters of Map Revision. These updates are important for calculating flood insurance premium rates and must be used for new and renewed policies. Community members have 90 days after the changes are announced locally to request a review of these flood hazard determinations.

    Simple Explanation

    FEMA is telling some places that their maps showing where floods could happen have changed a little because of new information, and these changes help determine how much flood insurance people should get. People in these places have 90 days to ask for changes if they think the new maps aren't right.