The Illinois Bankers Association is the only trade association in Illinois that represents the entire banking industry at all levels of government. Our advocacy team collectively represents over 85 years of expertise in the industry.
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IDFPR Announces New Director of Banking
The Illinois Department of Financial and Professional Regulation ("IDFPR") recently announced that Susana Soriano will serve as the next Director of Banking. Appointed by Governor JB Pritzker, Soriano previously served as the Deputy Director of Banking after joining the Department in October 2020. Her appointment is pending confirmation by the Illinois Senate.
Soriano's leadership has been integral to the implementation of Illinois' historic Community Reinvestment Act, which incentivizes more safe lending into low- and moderate-income communities by Illinois financial institutions. She was also instrumental in implementing the Banking Development District Act, which encourages the establishment of banking branches in parts of Illinois with the greatest underbanked and unbanked populations.
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"Lame Duck" Session Recap
The “Lame Duck” session for the 102nd General Assembly has concluded, along with the swearing-in of the newly elected Illinois House and Senate officials. While limited banking-specific legislation moved, a few important legislative issues, including mandatory paid leave, were taken up before the new General Assembly started. Read the Recap
State Issues
- Mortgages, Foreclosures, & Building Laws
- Financial Regulation
- Data Security & Privacy
- Taxation & Tax Credits
- Public Banks
- Employment
Federal Issues
- Financial Regulation
- Credit Union Expansion & Farm Credit System Competition
- Data Security & Privacy
- Taxation
- Interchange
- Cannabis Banking