SPOKANE, Was. - (10/26/04) -- The credit union lobby was facedwith a choice between two Daves to succeed six-term Rep. JenniferDunn--popular talk show host Dave Ross, a Democrat, and RepublicanKing County prosecutor Dave Reichert, famous for his role incatching the 'Green River' mass murderer. After deliberations, thenod, along with a $5,000 check from CUNA, went to Reichert, along-time member of King County CU, according to Stacey Augustine,chief lobbyist for the Washington CU League. But the leaguerejected a rare in-person bid by Rep. George Nethecutt for itsendorsement in his race for the Senate, because two-term incumbentPatty Murray has been a strong credit union supporter. "He came toour offices but we told him we couldn't support him because Murrayhas always supported credit unions; and she is the incumbent,"Augustine told The Credit Union Journal, of the league's policy.The league has also endorsed long-time state Rep. Cathy McMorris, aRepublican, in the race to succeed Nethercutt.
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The Federal Open Market Committee is expected to announce guidance on the end of its quantitative tightening program later Wednesday. As that process draws to a close, experts are questioning when and how the central bank should use its balance sheet to smooth economic stress in the future.
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The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
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The payments giant had a "better than expected" fiscal fourth quarter, and said it expected that momentum to carry through the holidays. It's also looking forward to tailwinds brought by the Olympics and the FIFA World Cup in 2026.
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Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker's 2025 Small Business Banking conference.
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The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
October 28 -
Park National Corp's $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.
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