Advocacy News

IBA E-News 3-20-20 FEDERAL GOVERNMENT RELATIONS FDIC Chief Urges CECL Delay FDIC Chairman Jelena McWilliams urged the Financial Accounting Standards Board to postpone implementation of the Current Expected Credit Losses accounting standards due to the coronavirus outbreak. McWilliams said the CECL accounting changes could strain the ability of some banks to serve their communities in a time of need.    Among other recommendations, McWilliams also called on FASB not to classify coronavirus-related loan modifications as troubled debt restructurings. She noted that the FDIC has encouraged banks...
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IBA E-News 3-13-20 STATE GOVERNMENT RELATIONS Indiana General Assembly Concludes 2020 Session The Indiana General Assembly concluded the 2020 session late Wednesday evening. Lawmakers worked until midnight negotiating changes to the final bills that remained on the legislative calendar. Of the 913 bills that were filed at the start of session, 168 have passed the final steps of the legislative session. These bills will now move to the governor’s desk for action. The IBA had another successful legislative session advocating for several key policies notable to the industry. For a full summary of the...
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IBA E-News 3-6-20 STATE GOVERNMENT RELATIONS House Bill 1109 - Telephone Solicitation and Consumer Credit Author: Rep. Matt Lehman, R-Berne Summary: Amends the law requiring telemarketers to register with the office of the attorney general (registration law) as follows: (1) Provides that a seller is not subject to the registration law solely because the seller makes or will make a solicitation in a telephone call that is exempt from the Do Not Call statute. (2) Restores conditions removed by P.L.242-2019 that limit application of the registration law to sellers that make certain types of solicitations...
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IBA E-News 2-28-20 STATE GOVERNMENT RELATIONS House Bill 1353 - Financial Institutions and Consumer Credit Author: Rep. Woody Burton, R-Whiteland Summary: Makes various changes to the statutes concerning: (1) first-lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code; (3) civil proceeding advance payment providers; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; (8) money transmitters; and (9) licensed cashers of checks. Repeals a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union’s...
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