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House passes Department of Financial Institutions bill updating consumer protections and credit‑union rules
Summary
Senate Bill 464, the Department of Financial Institutions annual bill, advanced through the House on March 26, 2025, aligning state law with federal references, changing certain credit‑union rules, closing a loan‑calculation loophole and extending consumer protection options for law enforcement; the House recorded a 92‑3 roll call.
The Indiana House passed Senate Bill 464 on March 26, 2025, a biennial bill from the Department of Financial Institutions that updates state law for alignment with federal changes and makes several consumer protection adjustments.
Representative Teska, who presented the bill, described four principal elements: an annual alignment of state code citations with federal law dates; an update to credit‑union audit and voting rules to…
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