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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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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