Advocacy News

E-News 4-24-26 FEDERAL GOVERNMENT RELATIONS CFPB’s 1071 final rule expected soon The Consumer Financial Protection Bureau’s final rule to implement Section 1071 of the Dodd-Frank Act could be released any day now. A recent CFPB filing shows the rule is now with the Office of Management and Budget’s Office of Information and Regulatory Affairs, which means its release is expected soon. Section 1071 requires lenders to collect and report data on credit applicants, including the race, sex and ethnicity of the principal owners as well as gross annual revenue. In 2025, the CFPB proposed a new rule to...
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E-News 4-17-26 STATE GOVERNMENT RELATIONS Opinion: When scammers lose, Hoosiers win Fraud is a growing problem, from tech support scams to romance scams and identity theft, but education, smart policy and strong advocacy can make a real difference in our communities. AARP Indiana points to the example of House Enrolled Act 1116, which banned Virtual Currency Kiosks after they became a favorite tool of criminals to steal thousands from Hoosiers, especially older adults.  Read more from the Indiana Capital Chronicle Proxy advisory company sues Rokita in effort to halt new state law...
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E-News 4-10-26 FEDERAL GOVERNMENT RELATIONS FinCEN, banking agencies propose to overhaul Bank Secrecy Act compliance FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards for what financial institutions should include in their anti-money laundering programs.  Read more White House report downplays risk to banks from stablecoin interest payments A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing the consumer benefits of competitive...
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E-News 4-3-26 FEDERAL GOVERNMENT RELATIONS Trump administration seeks court permission to halve CFPB workforce The Trump administration is asking a federal appeals court for permission to reduce the Consumer Financial Protection Bureau’s current workforce by more than half, according to a court filing. Read more Congressional leaders announce deal to end DHS shutdown Lawmakers plan to advance a spending bill to fund most of the Department of Homeland Security through Sept. 30, except for the agencies involved in immigration enforcement. Read more Proposed rule would give states ‘...
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