Advocacy News

E-News 7-12-24 STATE GOVERNMENT RELATIONS Report: Affordable Rental Housing Further Out of Reach for Hoosiers A new report from the National Low Income Housing Coalition and Prosperity Indiana stated that more than 850,000 working Hoosiers earn a median wage that’s less than what’s needed to rent a two-bedroom apartment. Read more from WFYI   FEDERAL GOVERNMENT RELATIONS FDIC Chair Nominee Pressed on Proposed Capital Requirements, Regulatory Tailoring FDIC chair nominee Christy Goldsmith Romero said she is “very open” to a reproposal of the Basel III endgame capital requirements,...
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E-News 7-3-24 FEDERAL GOVERNMENT RELATIONS Supreme Court Overturns Legal Test for Deferring to Agency Interpretations In a 6-3 decision on Friday, the U.S. Supreme Court overturned the longstanding “Chevron deference,” which instructs courts to defer to a federal agency’s reasonable interpretation of an ambiguous statute. The majority ruled that courts must instead rely on their independent judgment when deciding whether an agency has acted within its statutory authority. ‌ The 1984 Supreme Court decision Chevron v. Natural Resources Defense Council established a legal test for when courts should...
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E-News 6-28-24 STATE GOVERNMENT RELATIONS State Treasurer Places BlackRock on ESG Watchlist Indiana State Treasurer Daniel Elliott has placed BlackRock Inc. on a watchlist after claiming that the investment firm made an environmental, social and governance (ESG) commitment. New York City-based BlackRock is the world's largest asset manager and a leading investment, advisory and risk-management service provider. It is the first company to be placed on the watchlist, and the treasurer's office is examining others. The Indiana Public Retirement System (INPRS) and its board can take further action,...
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E-News 6-21-24 FEDERAL GOVERNMENT RELATIONS FDIC Board to Review Pending Bank Merger Applications After Nine Months The Federal Deposit Insurance Corp. board Wednesday unanimously adopted a resolution to require that agency staff update the board on pending bank merger and deposit insurance applications that have been outstanding for 270 days, or roughly nine months. The resolution was brought by Travis Hill, who noted that the number of merger applications still under review after 270 days has steadily grown in recent years. ‌ “A long application review process is costly for a variety of reasons,”...
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