Advocacy News

E-News 7-17-26 FEDERAL GOVERNMENT RELATIONS House bill would increase transparency about small business lending program risks A proposed bill supported by the American Bankers Association would require the Small Business Administration to provide and make public more details about 7(a) lending program risks. Read more Common Cents Act clears House The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for cash rounding when exact change cannot be provided.  Read more Vought calls for more CFPB oversight, says open...
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E-News 7-10-26 FEDERAL GOVERNMENT RELATIONS IBA issues new action alert on CLARITY Act The U.S. Senate is expected to vote on the CLARITY Act in the coming weeks. Unfortunately, the legislation still does not close the loophole on allowing third party holders of stablecoin to pay a yield/interest. Please use the IBA action center to send a message to Sen. Young and Sen. Banks asking for their help in encouraging Senate leadership to close the loophole before the legislation moves to a vote.  Take action here CFPB seeks input on access to mortgage credit The Consumer Financial...
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E-News 7-2-26 FEDERAL GOVERNMENT RELATIONS Agencies release 2026 list of CRA-eligible communities The federal banking agencies released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act credit.  Read more House committee advances bills on fair credit liability, check fraud The House Financial Services Committee advanced legislation that would align Fair Credit Reporting Act liability with other financial consumer protection laws, reform the Securities and Exchange Commission and give banks more time to verify suspicious...
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E-News 6-26-26 STATE GOVERNMENT RELATIONS Statewide election matchups set as Indiana parties finalize nominees Indiana's major political parties have finalized their nominees for statewide offices ahead of the November election. At the Indiana Democratic Convention on June 6, delegates selected Beau Bayh as the party's nominee for Secretary of State, while Jessica Bailey was nominated for State Comptroller and Coumba Kebe for State Treasurer. At the Indiana Republican Convention on June 20, delegates nominated Max Engling for Secretary of State following a multi-candidate contest that included...
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