WILLIAMSTON, N.C. - (08/25/04) -- In one of the more unusualdevelopments this election season, Democrat G. K. Butterfield waselected to serve an unexpired term in the House on the same day hequalified as the Democratic nominee for November's generalelection. The credit union-backed Butterfield, a long-time memberof State Employees CU, was elected in a special election July 21 toserve out the term of freshman Rep. Frank Balance, who retired forhealth reasons, and won the primary for the full two-year term onthe same ballot. Because of the predominance of Democratic votersin this rural northeastern part of the state, Butterfield is widelyexpected to win the November election, according to Dan Schline,chief lobbyist for the North Carolina CU League. The credit unionlobby has yet to weigh in on the state's critical Senate race, tosucceed John Edwards, the Democratic candidate for vice president,where longtime credit union supporter, Republican Rep. RichardBurr, is facing off against Democrat Erskine Bowles. Bowles, whoserved as chief of staff in the Clinton White Hose, lost the 2002race to Republican Elizabeth Dole.
-
HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
21m ago -
Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
December 12 -
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12





