STATE GOVERNMENT RELATIONS
Court Ruling Strikes Down Indiana Residential Property Tax Policy
In a case originating in Lake County, Indiana Tax Court Judge Justin McAdam struck down the statutory one-acre limit on homesteaded residential property eligible for a maximum annual property tax charge equal to or less than 1% of its assessed value.
NCSL: National Housing Shortage Requires Tailored Solutions
Common themes discussed during the National Conference of State Legislators summit include incentivizing construction, preventing displacement, strengthening eviction protections, preserving naturally existing affordable housing, revising zoning regulations, permitting more density, expanding transit-oriented development, and regulating investor purchases and short-term rentals.
FEDERAL GOVERNMENT RELATIONS
Proposals in State Legislatures Target Digital Assets, CBDCs
According to a new analysis, at least 35 states have taken up proposed bills on cryptocurrency and other digital assets in 2024, with several states adopting laws on issues ranging from crypto mining to banning the use of a central bank digital currency. Indiana has been included in this, with several bills over the last three years that address concerns of CBDC and allow for more freedoms for cryptocurrency and digital assets. However, legislation has yet to be passed, allowing less regulation on digital assets.
CFPB Warns Consumers About Loans for Home Solar Installation
The Consumer Financial Protection Bureau issued a report and consumer alert on what it said were “costly and complex loans” for home solar installations, often facilitated by nonbank financial technology companies.
Treasury Official Urges Federal Home Loan Banks to Spend More on Affordable Housing
During a recent meeting, Deputy Secretary of the Treasury Wally Adeyemo urged the leadership of the 11 FHLBs to do more to support the development of affordable housing.
Democrats Introduce Bill to Require Reimbursements for Electronic Transfer Fraud
Democrats in the House and Senate introduced legislation to require financial institutions to reimburse customers for electronic fund transfers that took place because the customer was scammed into sending the payment.