Advocacy News

E-News 11-6-26 STATE GOVERNMENT RELATIONS Indiana election results The 2026 midterm elections brought significant changes to the political landscape in Indiana. Democrats made notable gains, winning the Secretary of State's office for the first time since 1994, electing a Democratic State Comptroller, capturing an additional congressional seat and ending the Republican supermajority in the Indiana House of Representatives. Republicans maintained control of both chambers of the Indiana General Assembly, including their supermajority in the Senate.  Indiana General Assembly elects new...
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E-News 10-30-26 FEDERAL GOVERNMENT RELATIONS Treasury proposes rule to bar large institutional investment in single-family homes The Treasury Department proposed a rulemaking to prevent large institutional investors from purchasing single-family homes, as required by housing legislation recently passed by Congress. A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the property involved.  Read more Trump issues additional orders...
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E-News 10-23-26 FEDERAL GOVERNMENT RELATIONS Studies gauge fraud costs for banks, financial services Every $1 of fraud now costs U.S. financial services firms $5.47, up from $4 in 2021, according to new research by LexisNexis. At the same time, a separate study by PYMNTS.com found that U.S. financial institutions now spend more than $2 to stop every $1 lost to fraud.  Read more OCC finalizes stablecoin rule with narrow payment-of-interest prohibition The Office of the Comptroller of the Currency finalized a rule to enforce the GENIUS Act with a narrower prohibition on payment-of-...
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E-News 10-16-26 FEDERAL GOVERNMENT RELATIONS Illinois to appeal interchange ruling The Illinois Attorney General’s Office plans to appeal a court injunction preventing the state from enforcing the Illinois Fee Prohibition Act against certain financial institutions, according to a court filing.  Read more FHA formalizes use of alternative credit scoring models The Federal Housing Administration published a mortgagee letter to formalize the use of VantageScore 4.0 and FICO Score 10T alongside Classic FICO to assess the creditworthiness of single-family mortgages, with the new policy...
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