state_legiscan_drain · IL
CREDIT UNIONS-VARIOUS
February 2, 2026
Summary
This bill, effective immediately, makes changes to Illinois credit union governance, including board delegation authority and executive officer definitions, while removing authority to engage in digital asset business activities. It imposes new marketing disclosure requirements for digital assets and adjusts compliance standards for investments in commercial mortgage securities.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3113&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "CREDIT UNIONS-VARIOUS" cover?
- This bill, effective immediately, makes changes to Illinois credit union governance, including board delegation authority and executive officer…
- When was it published?
- It was published on February 2, 2026.
Related updates
- OCC AA-ENF-2025-63 — Consent Order
- Establishes Office of Algorithmic Civil Rights in DLPS to prevent discrimination in use of algorithms.
- Proposed Third-Party Risk Management Guidance
- FBI Boston warns of new agent impersonation scam spoofing FBI's phone number before urging victims to switch to encrypted application
- Shapiro Administration Launches My Money Website
- California and federal government secure $3 million in refunds for mortgage fraud victims