Advocacy News

E-News 6-18-26 FEDERAL GOVERNMENT RELATIONS Government watchdog agency suggests changes to FDIC supervision, HUD disaster recovery The Federal Deposit Insurance Corp. should take further steps to strengthen its bank supervision, and the Department of Housing and Urban Development should take steps to mitigate fraud in federal disaster recovery and improve manufactured housing financing, the Government Accountability Office concluded in separate reports.  Read more Senate, House committee leaders reach agreement on housing bill The leaders of the House and Senate banking committees...
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E-News 6-12-26 FEDERAL GOVERNMENT RELATIONS Proposed bill seeks to establish federal regulation of AI Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties for AI-enabled fraud and temporary preemption of state laws regulating AI models.  Read more Trump nominates Johnson to lead CFPB President Trump nominated Brian Johnson to lead the Consumer Financial Protection Bureau, which has been without a full-time leader since the firing of Rohit Chopra last year.  Read more The...
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E-News 6-5-26 FEDERAL GOVERNMENT RELATIONS Court rules federal law preempts Illinois interchange law A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for national banks, federal savings associations, out-of-state state-chartered banks protected by federal law and payment card networks, reversing its prior conclusion. Read more FDIC, OCC release Q3, Q4 CRA exam schedules The Federal Deposit Insurance Corp. has released the schedules for Community Reinvestment Act examinations to be conducted in the third and fourth...
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E-News 5-29-26 FEDERAL GOVERNMENT RELATIONS OCC: Court should reverse Illinois interchange fee decision The Office of the Comptroller of the Currency is urging a federal court to reverse its decision upholding Illinois restrictions on interchange fees in light of recent agency actions finding that federal law preempts the state law in question.  Read more Trump administration proposes nondisclosure agreement for all government employees The Trump administration is proposing the creation of a government-wide nondisclosure agreement for new and existing federal employees that agencies...
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