Advocacy News

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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E-News 3-22-24 FEDERAL GOVERNMENT RELATIONS FDIC Proposes to Expand Criteria for Bank Merger Evaluations  The Federal Deposit Insurance Corp. board Thursday voted 3-2 to pursue potential changes to how the agency will evaluate bank merger applications, including broadening the number of competitive factors it will take into consideration when deciding whether to approve or deny applications, and requiring a “thorough accounting” of the potential effects on communities, including possible branch closures or relocations.  The FDIC last updated its policy statement on bank mergers in 2008....
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