ARLINGTON, Va. – With checks destined for groups like BOWLING for our Majority PAC, or BOMP, and Together for Our Majority PAC, or TOMPAC, NAFCU pitched in last month to help support endangered members of the Republican House majority. NAFCU contributed $6,000 to the two leadership PACs that are working to support GOP lawmakers in close races, as well as $1,500 to Sandhills PAC, the leadership PAC for Republican Nebraska Sen. Chuck Hagel, and $1,000 to Back America’s Conservatives PAC, or BacPAC, for Louisiana Rep. Richard Baker. Leadership PACs like these use the funds to prop up their own favored candidates. NAFCU also made direct contributions to the campaigns of several endangered GOP candidates, including Chris Chocola, of Indiana ($1,000); Scott Garrett, of New Jersey ($1,000); Jim Gerlach, of Pennsylvania ($1,000) and J.D. Hayworth, of Arizona ($5,000). The credit union trade group also hedged its bets, with contributions to the Democratic Congressional Campaign Committee ($5,000); California Rep. Nancy Pelosi, in line to be the next Speaker of the House if the Dems win ($1,500); as well as Sens. Chris Dodd , of Connecticut ($1,000); Debbie Stabenow, of Michigan ($1,000); Diane Feinstein, of California ($1,000); and the maximum allowable $10,000 to Independent Bernard Sanders, the pro-credit union House member expected to be elected to the Senate.
-
Navy Federal Credit Union is among the financial institutions that see an opportunity to serve the 20% of Americans born between 1997 and 2012.
May 10 -
As it rolls out dozens of new products to up its game in stablecoins and artificial intelligence, the payment company is also working with sellers wishing to expand activities involving non-U.S. corridors.
May 9 -
Jim Richards, who served as the bank's head of anti-money-laundering compliance, says the Federal Reserve is wrongfully denying him compensation that was designed to keep him employed at Wells Fargo.
May 9 -
New Jersey-based ConnectOne Bancorp received FDIC approval for its merger with First of Long Island Corp; lending-services fintech Oportun makes changes to its board of directors; Associated Banc-Corp's Steven Zandpour will succeed David Stein as head of consumer and business banking; and more in this week's banking news roundup.
May 9 -
While Vista Bank is focusing on organic growth in Florida, it's positioning itself as a Texas buyer.
May 9 -
The Trump administration says it will nominate Jonathan McKernan to serve as Treasury undersecretary for domestic finance. McKernan has already been nominated as the next director of the Consumer Financial Protection Bureau.
May 9