Advocacy News

E-News 12-8-23 FEDERAL GOVERNMENT RELATIONS House Approves Resolution to Overturn CFPB’s 1071 Rule The House last Friday voted 221-202 to pass a Senate joint resolution to overturn the Consumer Financial Protection Bureau’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses. S.J. Res. 32 had previously cleared the Senate with bipartisan support, and it cleared the House with most Republicans and six Democrats voting in favor of the resolution. S.J. Res. 32 would need to be approved by both houses of...
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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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