The American Bankers Association, together with the Independent Community Bankers of America, wrote to Senate Appropriations Committee leadership today urging lawmakers to reject provisions included in the House appropriations bill for FY2018 that would bring the FDIC and the non-monetary functions of the Federal Reserve under the appropriations process.

As Congress prepares to move ahead with tax reform, CEOs continue to have high levels of confidence in the U.S. economy, according to the latest Business Roundtable CEO Economic Outlook Index released today.

The American Bankers Association continued its call to Congress and policymakers to “unleash America’s potential” with a print ad in the Washington Post today.

The Consumer Financial Protection Bureau on Friday released a small entity compliance guide on the bureau’s final rule drastically constricting the use of mandatory arbitration agreements in consumer financial contracts.

Deputy Attorney General Rod Rosenstein today signaled that the Department of Justice is reviewing a policy announced under the Obama administration that sought to increase prosecutions of individuals in corporate wrongdoing cases.

ABA today expressed support for the Home Mortgage Disclosure Adjustments Act (H.R. 2954), which would relieve smaller financial institutions from intrusive and ill-suited data reporting requirements.

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

The Federal Emergency Management Agency estimates that the total cost to the National Flood Insurance Program following Hurricane Harvey could total as much as $11 billion.

A group of three Democratic lawmakers -- Reps. Gregory Meeks (D-N.Y.), Joyce Beatty (D-Ohio) and Dwight Evans (D-Pa.) -- yesterday introduced H.R. 3741, a bill that would codify and enhance the Minority Bank Deposit Program.

On Thursday, ABA staff met with senior Treasury Department officials to provide recommendations for modernizing the Community Reinvestment Act.