Advocacy News

IBA E-News 1-8-21 STATE GOVERNMENT RELATIONS Indiana Board for Depositories Amends Collateral Rules Last month the Indiana Board for Depositories met to amend the rules governing the current collateral requirements. Of significance was the adoption of the new rating system operated by FedFis and subsequent metrics for pledging requirements using the new systems rating structure. The board also added new trigger and terminating events for lenders entering into and exiting pledging collateral. Depositories now have one quarter of preparation before being required to pledge collateral the following...
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IBA E-News 12-23-20 FEDERAL GOVERNMENT RELATIONS Congress Approves COVID-19 Relief Bill, Reauthorizes PPP House and Senate lawmakers late Monday passed a $900 billion bipartisan coronavirus relief package. Both the Independent Community Bankers of America and American Bankers Association have prepared analyses for bankers of the provisions included in the 5,500-page bill that affect the banking industry. The bill includes several industry-backed provisions, including: $284 billion in new funds for the Paycheck Protection Program, including a second draw option for prior PPP borrowers and $15...
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IBA E-News 12-18-20 STATE GOVERNMENT RELATIONS Indiana Statehouse Committee Assignments Released Committee assignments for both the Indiana House and Senate have been released by their respective leaders. The IBA Government Relations Team works closely with multiple committees, particularly the House Financial Institutions and Insurance Committee and the Senate Insurance and Financial Institutions Committee. Click below to view committee assignments. View House committee list View Senate committee list   FEDERAL GOVERNMENT RELATIONS NCUA Finalizes Controversial Rule Allowing CUs to...
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IBA E-News 12-11-20 STATE GOVERNMENT RELATIONS Governor Announces New COVID-19 Restrictions for Indiana This week, Gov. Eric Holcomb announced that he is placing additional restrictions in Indiana to slow the spread of the COVID-19 virus. He announced that the state is postponing all non-emergency surgeries until the start of next year. The governor also announced that the state is imposing a hard cap on social gatherings per the tiered structure in place based on the color code spread rate provided by the Indiana Department of Health. Exceptions to these limits had been permitted via local government...
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