Advocacy News

E-News 4-19-24 FEDERAL GOVERNMENT RELATIONS FinCEN: Financial Institutions Reported $27B in Elder Financial Exploitation Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 to 2023, the Financial Crimes Enforcement Network said Thursday in a new financial trend analysis based on Bank Secrecy Act reports. FinCEN identified two predominant categories of reported victimization: elder scams, where the victim does not know the perpetrator; and elder theft, where the victim knows the perpetrator. Banks filed 72...
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E-News 4-12-24 FEDERAL GOVERNMENT RELATIONS SEC Pauses Enforcement of Climate Disclosure Rule The Securities and Exchange Commission last week issued a stay on enforcement of its climate disclosure final rule while federal courts consider several challenges to the regulation brought by businesses and business groups. The rule, which was approved by the SEC in March, would require companies to disclose material climate-related risks, activities to mitigate or adapt to such risks, and information about the board’s and management’s oversight of risks. Several entities have since sued the SEC challenging...
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E-News 4-5-24 FEDERAL GOVERNMENT RELATIONS Federal Court Pauses CRA Rule Implementation Following Industry Lawsuit A federal judge in Texas late last week issued a preliminary injunction against enforcing new rules implementing the Community Reinvestment Act in a lawsuit brought by several industry trade groups. ‌ The American Bankers Association, Independent Community Bankers of America, and five national and state associations sued banking agencies in February for exceeding their statutory authority with their recent amendments to final rules implementing the CRA. In a lawsuit filed in the...
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E-News 3-29-24 STATE GOVERNMENT RELATIONS Holcomb Touts Record Quarter of $20.6 Billion in Committed Capital Investment Gov. Holcomb announced the Indiana Economic Development Corp. has secured $20.68 billion in committed capital investment so far in 2024, marking the highest quarter on record for capital investment in the agency's nearly 20-year history. Read more from the IEDC Rural Communities Prepare as 600K Tourists Expected for Eclipse Rural and small communities across southern Indiana have spent months or years planning for the eclipse, which is expected to bring the largest number...
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