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Message From
the League President
“Nobody cares how much you know, until
they know how much you care.”
Erich Bloxdorf Teddy Roosevelt
As I reflect upon our work and our progress Advocacy at the state level was no less
over the past three months, I was reminded by active. As you may know, as part of the budget
the quote from Teddy Roosevelt noted above. deal struck between the Illinois House, Senate
I think that is why I enjoy being part of this and Governor’s office, there was a provision
organization, part of this team…because I care. that drastically change the way “abandoned”
The past three months have been filled with ideas property is treated under Revised Uniform
and more importantly, action. Unclaimed Property Act. This was inserted into
Let’s start with the action of ADVOCACY. In the budget deal with no opportunity to testify
the past year, I cannot recall a time where we as to the potential harm that it could do to our
have been more active, on our members behalf, members and their customers. We have joined
than in the area of advocacy. The message forced with The Illinois Bankers Association, the
was consistent: a reduction in regulation based Community Bankers Association of Illinois and
upon the risk model of the institution; assigning the Credit Union League to draft a “trailer bill”
Qualified Mortgage status to mortgage loans held that will remove the harmful language of Senate
in portfolio; charter flexibility for Thrift institutions; Bill 9 which shortened the abandonment period,
and a reduction of the corporate tax rate coupled implemented the utilization of independent
with the taxation of credit unions. In August, The auditors and increased fines. This work continues
League co-sponsored a series of meetings with so stay tuned!
our elected officials from Washington DC called, Action was also seen in the area of
“Let’s Talk Banking” – 5 to be precise. In addition, EDUCATION. After a period of research and
I participated in our bi-annual fly-in to Washington vetting, we launched a new webinar series,
DC in September. This year, we partnered with partnering with the webinar provider Total Training
the Illinois and Michigan Bankers Associations. Solutions or TTS. This is the culmination of a
The added presence of Michigan was particularly plan to increase the offerings and value that
helpful with the FDIC, OCC and CFPB. I remain we deliver to our members. From auditing to
cautiously optimistic about the prospects for information technology, from loans to deposits
change in legislation and regulation for our and customer service, this webinar library
members. In fact, I heard bi-partisan support for covers all of your training needs. Check out the
the issues that are important to us. complete list of webinars by visiting www.ilfi.org/
events-and-education and sign up today!
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Third QuarTer 2017 IllInoIs RepoRteR
