WASHINGTON - (11/22/04) -- Congress finished the brunt of itslame duck session and left town Saturday, leaving the bankruptcyreform to die on the vine once again. Lawmakers may return for abrief attempt to vote recommendations by the 9/11 Commission butonly if agreement can be reached on the key recommendations,according to John McKechnie, chief lobbyist for CUNA. "It doesn'tlook as if they're going to get to our stuff," McKechnie told TheCredit Union Journal Sunday. The long-sought bill, which would makeit tougher for individuals to walk away from debt, relegating theminstead to a reorganization of their finances, has been lingeringsince it was passed by both the House and Senate last year, butboth chambers have yet to agree on a single version of the bill.This would be the fourth straight Congress that the bill hasdied.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
October 15 -
America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
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