Businesses and cars are flooded near the Addicks Reservoir as floodwaters from Tropical Storm Harvey rise Tuesday, Aug. 29, 2017, in Houston. (AP Photo/David J. Phillip)
Five federal regulatory agencies — the Board of Governors of the Federal Reserve System, the Farm Credit Administration, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency — have issued a joint final rule to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 requiring regulated institutions to accept certain private flood insurance policies in addition to National Flood Insurance Program policies.
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