Advocacy News

E-News 12-1-23 STATE GOVERNMENT RELATIONS Holcomb Appoints Nieshalla to State Comptroller Republican Elise Nieshalla, the Boone County Council president, will serve the remaining three years of State Comptroller Tera Klutz’s term. On Tuesday, Gov. Eric Holcomb announced the appointment of Nieshalla, a real estate investor. As state auditor, Nieshalla will oversee balancing Indiana’s checkbooks and payment of all state employees.         FEDERAL GOVERNMENT RELATIONS Lawmakers Press CFPB’s Chopra on Credit Card Fee Caps, Small Biz Reporting  Consumer...
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E-News 11-22-23 STATE GOVERNMENT RELATIONS Webinar Hosted by Krieg DeVault LLP: Land v. IU Credit Union - What Does This Decision Mean For My Financial Institution? Tuesday, November 28, 2023, 12:00pm - 1:00pm EST The recent Indiana Supreme Court decision in Land v. IU Credit Union has created significant uncertainty for financial institutions. We have been actively monitoring this case – and many others like it throughout Indiana and around the country – since its inception. In Land, the Supreme Court held that the credit union’s amendments to its account agreement were invalid because the depositor’...
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E-News 11-17-23 FEDERAL GOVERNMENT RELATIONS Gruenberg: Incentive Pay Rulemaking Likely Delayed Until 2024 Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Wednesday that a proposed interagency rulemaking to implement incentive pay requirements in the Dodd-Frank Act likely won’t happen before the end of the year. During a House Financial Services Committee oversight hearing on banking and credit union regulators, Rep. Nydia Velázquez, D-N.Y., asked Gruenberg about comments he made in May suggesting that the regulators would move forward with rulemaking to implement Section 956 of the Dodd...
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E-News 11-10-23 STATE GOVERNMENT RELATIONS State General Fund Revenue 8% Off Projections for October Indiana’s state tax collections for October fell 8.4% below expectations in the first sizable monthly shortfall in more than a year. The state’s latest monthly revenue report showed collections coming in $134.7 million less than the April forecast that legislators used in putting together the current state budget. The nearly $1.5 billion in state general fund revenue was $187 million, or 11.3%, below the October 2022 collections. The State Budget Agency attributed the October shortfall to lower-than-...
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