Advocacy News

E-News 4-15-22 FEDERAL GOVERNMENT RELATIONS CFPB Issues Blog Post Criticizing NSF Fees The Consumer Financial Protection Bureau on Wednesday issued a blog post that criticized banks that charge nonsufficient funds fees. The CFPB listed by name banks that have announced they are eliminating NSF fees and banks that have not made an announcement as of April 1. The CFPB also stated that it is “closely scrutinizing whether and when charging these fees may be unlawful.”  Read the CFPB's blog post Hsu Advocates for Bank-like Regulation for Stablecoins Acting Comptroller of the Currency...
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E-News 4-8-22 FEDERAL GOVERNMENT RELATIONS OCC Publishes Interest Rate Risk Statistics Report The Office of the Comptroller of the Currency on Monday published its semiannual report on interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations. The statistics are for informational purposes only, and do not represent OCC-suggested limits or exposures, the agency noted. The report provides statistics on projected changes in 12-month net interest income in parallel interest rate shock scenarios ranging from -100 basis points to...
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E-News 4-1-22 STATE GOVERNMENT RELATIONS Holcomb Visits Refugees as State Cuts Russian Ties The Indiana state government is selling off nearly $150 million of Russian-related investments as the governor says he's looking at ways the state can help Ukrainian refugees fleeing from the Russian invasion of their country. The divestment announcement came as Gov. Holcomb visited a refugee camp for hundreds of Ukrainians in Slovakia as part of a weeklong trade mission trip to NATO-member Slovakia and Israel.          FEDERAL GOVERNMENT RELATIONS Banks Signs on...
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E-News 3-25-22 FEDERAL GOVERNMENT RELATIONS SEC Proposes First-Ever Climate Risk Disclosures for Public Companies The Securities and Exchange Commission Monday proposed a much-anticipated set of requirements for public companies to disclose information about climate risks affecting them, their greenhouse gas footprints and any emissions-reduction plans they may have adopted. The proposed rule – for which comments are due by May 20 or 30 days after publication in the Federal Register, whichever is longer – has varying compliance dates, with deadlines for large accelerated filers coming as soon as 2024...
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