Advocacy News

E-News 9-6-24 FEDERAL GOVERNMENT RELATIONS FHLBs: Treasury Department’s affordable housing proposal not sustainable  A Treasury Department request to have federal home loan banks voluntarily raise the percentage of net income they set aside for affordable housing “will not address the underlying complexities of the housing crisis,” the FHLB chairs said in a joint letter.  Read more Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks  Banks that engage in digital asset transactions face risks that may require new approaches to risk management,...
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E-News 8-30-24 STATE GOVERNMENT RELATIONS GM to Delay New Carlisle EV Battery Plant Production by a Year General Motors and Samsung SDI agreed to run the factory jointly but said production would be delayed by a year to 2027. The companies said that the $3.5 billion plant will make nickel-rich prismatic batteries that store more energy than other chemistries, lowering costs and improving driving range. Read more from the Associated Press   FEDERAL GOVERNMENT RELATIONS Fed's Waller: FedNow Grows to Nearly 1,000 Institutions Federal Reserve Governor Christopher Waller said that...
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E-News 8-23-24 FEDERAL GOVERNMENT RELATIONS Fannie Mae, Freddie Mac update private mortgage insurer eligibility requirements Fannie Mae and Freddie Mac are updating their private mortgage insurer eligibility requirements, which are the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the enterprises.  Read more CDFI Fund seeks comment on proposed reporting changes The Community Development Financial Institutions Fund announced it is seeking public comment on changes to its reporting to capture...
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E-News 8-16-24 STATE GOVERNMENT RELATIONS IEDC Awards $1M to Support Entrepreneurial Projects The Indiana Economic Development Corp. announced it is awarding more than $1 million in grants through its Community Collaboration Fund. Read more from Inside INdiana Business Indiana Farmland Prices Increase Despite Downward Pressure The Purdue University Farmland Value and Cash Rent Survey showed that Indiana farmland prices once again hit a new record in 2024. The average price of top-quality farmland is $14,392, up 4.8% from June 2023.  Read more from Hoosier Ag Today Hoosier Home...
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