Advocacy News

E-News 6-7-24 FEDERAL GOVERNMENT RELATIONS Treasury Department Seeks Comment on AI Use in Financial Services The Treasury Department Thursday issued a request for information on the use of artificial intelligence in the financial services sector. Specifically, the department is seeking public input on the current use of AI by financial institutions and other actors in the sector. It is also seeking comment on the opportunities and risks presented by developments and applications of the technology.  ‌ The request was released the same day the Financial Stability Oversight Council and Brookings...
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E-News 5-31-24 STATE GOVERNMENT RELATIONS Applications for New Homes Rise for 10th Straight Month in Central Indiana The Indianapolis-area homebuilding industry continued to see rising new-home activity in April, with residential construction applications increasing 37% on a year-over-year basis.  Read more       BSU Study Shows $1.6B Impact from State's $122M Regional Cities Program According to a news release, a study from Ball State University's Center for Business and Economic Research points to successful projects across the state, showcasing how regional...
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E-News 5-24-24 FEDERAL GOVERNMENT RELATIONS CFPB Pushes Back Section 1071 Compliance Deadlines The Consumer Financial Protection Bureau last Friday announced that it had pushed back by several months the compliance deadlines for its Section 1071 small-business data collection rule in response to litigation.  ‌ The compliance deadline for Tier 1 institutions is now July 18, 2025, with the first filing deadline on June 1, 2026. The compliance deadline for Tier 2 institutions is Jan. 16, 2026, with the first filing deadline June 1, 2027. The compliance deadline for Tier 3 institutions is Oct. 18...
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E-News 5-17-24 FEDERAL GOVERNMENT RELATIONS Supreme Court Upholds CFPB Funding Structure This week the U.S. Supreme Court ruled 7-2 that the mechanism Congress established to fund the Consumer Financial Protection Bureau does not violate the Appropriations Clause of the Constitution. Beyond the legal questions addressed in the case, the decision has implications for three other legal actions against the CFPB: the legal challenges to the Section 1071 small-business data collection final rule, the bureau's credit card late fee final rule and the CFPB's update to its UDAAP manual. Those matters will...
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