Advocacy News

E-News 5-15-26 FEDERAL GOVERNMENT RELATIONS Senate Banking Committee advances Clarity Act The Senate Banking Committee voted 15-9 to advance a market structure bill for digital assets. The American Bankers Association, Independent Community Bankers of America, IBA and other groups continued to urge for further tightening of the prohibition on interest-like rewards for holding stablecoin.  Read more House releases text of amended housing bill ahead of vote House leadership has released the text of its amendment for a bipartisan housing bill ahead of a possible vote on the legislation...
MORE

 
E-News 5-8-26 STATE GOVERNMENT RELATIONS Indiana primaries reshape State Senate while congressional incumbents hold steady Indiana’s primary elections reshaped the state’s political landscape Tuesday night, with major State Senate upsets, razor-thin races headed for possible recounts and congressional incumbents largely holding their ground. Indiana’s State Republican Senate primaries saw major upheaval, with six incumbent senators defeated by Trump-endorsed challengers following the contentious redistricting vote. Sens. Dan Dernulc, Rick Niemeyer, Linda Rogers, Travis Holdman, Jim Buck and Greg...
MORE

 
E-News 5-1-26 FEDERAL GOVERNMENT RELATIONS CFPB publishes 1071 final rule with key community bank exemptions The Consumer Financial Protection Bureau published a final rule to implement Section 1071 small-business reporting requirements that includes strong community bank exemptions. Aligning with repeated calls from industry advocates for policymakers to exempt community banks from the data collection requirements, the final rule: Exempts institutions that originate fewer than 1,000 covered small-business loans per year. Defines small businesses as those having gross annual revenues of $1...
MORE

 
E-News 4-24-26 FEDERAL GOVERNMENT RELATIONS CFPB’s 1071 final rule expected soon The Consumer Financial Protection Bureau’s final rule to implement Section 1071 of the Dodd-Frank Act could be released any day now. A recent CFPB filing shows the rule is now with the Office of Management and Budget’s Office of Information and Regulatory Affairs, which means its release is expected soon. Section 1071 requires lenders to collect and report data on credit applicants, including the race, sex and ethnicity of the principal owners as well as gross annual revenue. In 2025, the CFPB proposed a new rule to...
MORE

 

Pages