Advocacy News

E-News 12-13-24 FEDERAL GOVERNMENT RELATIONS CFPB issues final rule capping overdraft fees The Consumer Financial Protection Bureau issued a final rule on overdraft services that will cap fees at banks and credit unions with more than $10 billion in assets. The CFPB said the rule – which is scheduled to take effect on Oct. 1, 2025 – will impose three options for covered banks to manage their overdraft lending programs: Cap their overdraft fee at $5. Charge a fee that covers no more than costs or losses. Extend overdraft services by treating them as extensions of credit and complying with...
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E-News 12-6-24 FEDERAL GOVERNMENT RELATIONS Federal court blocks enforcement of beneficial ownership reporting rule  Less than a month before a Jan. 1 deadline for businesses to report their beneficial owners to FinCEN, a federal judge has issued a preliminary injunction blocking enforcement of the requirement. The injunction applies to all businesses nationwide.   Read more Federal Reserve expands check fraud detection tool to include commercial checks  Federal Reserve Financial Services recently announced the expansion of FedDetect Duplicate Notification for Check...
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E-News 11-27-24 STATE GOVERNMENT RELATIONS Top Lawmakers to Local Officials: Prepare to Vote on Tax Hikes Major fiscal issues expected to dominate the upcoming legislative session include a property tax overhaul sought by Governor-elect Mike Braun that could cut hundreds of millions in revenue to cities, counties and school districts.  Read more from State Affairs Crouch Announces Investment in Affordable Housing Lt. Gov. Suzanne Crouch and the Indiana Housing and Community Development Authority announced recipients of the 2025 Low-Income Housing Tax Credit program and Multifamily Bonds...
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E-News 11-22-24 STATE GOVERNMENT RELATIONS Indiana General Assembly meets for Organization Day The Indiana General Assembly convened Tuesday for Organization Day, a traditional and largely ceremonial one-day session. This is the first time lawmakers have officially met since the election. Lawmakers were sworn in, House and Senate leadership provided a broad outlook for the coming session and several changes to the rules structure were announced. The 2025 Indiana legislative session is scheduled to convene Jan. 8. New Chair of House Financial Services announced Rep. Jake Teshka, R...
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