state_legiscan_drain · IL
CREDIT UNIONS-VARIOUS
February 2, 2026
Summary
If enacted, this bill would update credit union governance, including delegation of duties and senior management provisions, remove authority for digital asset business activities, and impose new disclosure requirements for digital asset marketing. It also modifies compliance requirements for investments in commercial mortgage-related securities and collateralized mortgage obligations.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=4770&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Common questions
- What does "CREDIT UNIONS-VARIOUS" cover?
- If enacted, this bill would update credit union governance, including delegation of duties and senior management provisions, remove authority for digital…
- When was it published?
- It was published on February 2, 2026.
Related updates
- OCC AA-ENF-2025-63 — Consent Order
- Enacts the "New York travel insurance act" regulating the licensing and registration of limited lines travel insurance producers and travel retailers, and the sale and marketing of travel insurance and related products.
- Streamlining Regulations Concerning Public Welfare Investments, Open Market Collateralized Loan Obligations, and Federal Savings Association Nondiscrimination Requirements
- Federal Trade Commission issues consumer alert regarding unexpected offers to lower credit card interest rates
- Financial Literacy Tip of the Week: Understanding Alternative Mortgage Products
- Notification of Withdrawal of Fair Housing and Equal Opportunity Guidance Documents