The Association’s representatives work closely with the membership to formulate and to pass needed legislation, and to formulate and to implement needed administrative rules. The representatives also work against unfavorable legislation and administrative rules.
The Association maintains regular contact with State of Illinois regulatory agencies affecting the industry. Information is reciprocally exchanged with the various agencies on a wide variety of matters, including rules, regulations and interpretations.
Illinois Financial Services Association Services
The Association's Officers and Board of Directors reflect the make-up of its membership - representing companies ranging from single-office independents to the largest national chain corporation. Included are chief executive officers, senior operations executives and public or industry relations executives, providing a broad cross section of experience and views in the formation of Association policies and priorities.
Day-to-day activities are carried forward by the Association's Executive Director and General Counsel, who is located in Chicago, as well as a Springfield-based lobbyist.
The Association holds it Annual Meeting for members in the fall to conduct any business necessitating action by the general membership and to elect its Board of Directors and Officers.
Each session of the General Assembly produces thousands of bills which have to be monitored for direct and indirect impact on the consumer finance industry. The Association uses a variety of sources to monitor legislation, and the status of legislation affecting the industry is covered in periodic legislative reports.
Legislative and Regulatory Services