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.

Acting Comptroller of the Currency Keith Noreika provided additional clarity about his views on the deposit insurance application process for de novo banks in a letter to the American Bankers Association today.

Testifying on ABA’s behalf before a House Financial Services subcommittee yesterday, a midsize bank executive emphasized the importance of proposed legislation that would remove arbitrary asset thresholds that impose limits on growth.

The Senate Banking Committee today advanced the nominations of Joseph Otting to serve as comptroller of the currency and Randal Quarles to be vice chairman for supervision at the Federal Reserve.

Thanks to hard lessons from Hurricane Katrina, banks today are more resilient than ever.

A federal judge in Texas yesterday overturned the Obama administration’s final rule doubling the salary level used to determine whether employees are classified as exempt from overtime under the Fair Labor Standards Act.

The Department of Labor today proposed to extend to July 1, 2019, the applicability date for certain exemptions to the fiduciary rule.

In a letter to Acting Comptroller of the Currency Keith Noreika today, ABA highlighted key questions that regulators and policymakers should consider concerning the deposit insurance application process for de novo banks.