Advocacy News

E-News 11-22-23 STATE GOVERNMENT RELATIONS Webinar Hosted by Krieg DeVault LLP: Land v. IU Credit Union - What Does This Decision Mean For My Financial Institution? Tuesday, November 28, 2023, 12:00pm - 1:00pm EST The recent Indiana Supreme Court decision in Land v. IU Credit Union has created significant uncertainty for financial institutions. We have been actively monitoring this case – and many others like it throughout Indiana and around the country – since its inception. In Land, the Supreme Court held that the credit union’s amendments to its account agreement were invalid because the depositor’...
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E-News 11-17-23 FEDERAL GOVERNMENT RELATIONS Gruenberg: Incentive Pay Rulemaking Likely Delayed Until 2024 Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Wednesday that a proposed interagency rulemaking to implement incentive pay requirements in the Dodd-Frank Act likely won’t happen before the end of the year. During a House Financial Services Committee oversight hearing on banking and credit union regulators, Rep. Nydia Velázquez, D-N.Y., asked Gruenberg about comments he made in May suggesting that the regulators would move forward with rulemaking to implement Section 956 of the Dodd...
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E-News 11-10-23 STATE GOVERNMENT RELATIONS State General Fund Revenue 8% Off Projections for October Indiana’s state tax collections for October fell 8.4% below expectations in the first sizable monthly shortfall in more than a year. The state’s latest monthly revenue report showed collections coming in $134.7 million less than the April forecast that legislators used in putting together the current state budget. The nearly $1.5 billion in state general fund revenue was $187 million, or 11.3%, below the October 2022 collections. The State Budget Agency attributed the October shortfall to lower-than-...
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E-News 11-3-23 STATE GOVERNMENT RELATIONS Carrasco, Goode Sworn in as New State Senators Republicans Greg Goode and Cyndi Carrasco were sworn into office during a ceremony Wednesday in the Senate chamber, where they joined the 40-10 GOP majority. Goode is the state director for U.S. Sen. Todd Young and replaces Sen. Jon Ford, who announced his resignation last month. Carrasco serves as vice president and general counsel for the University of Indianapolis. She succeeds Sen. Jack Sandlin, who died in September.         FEDERAL GOVERNMENT RELATIONS ICBA Advocacy...
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