MONTEREY, Calif. - (03/14/06) -- The California and Nevada CreditUnions Leagues are continuing their public advocacy campaign in thetwo states with radio ads after "success" in 2005, according toBill Cheney, the Leagues' new president and CEO. "Nearly 1 millionvoters who heard and remembered the ads were swayed and will sidewith credit unions versus banks," Cheney said Monday to attendeesof the Big Valley Educational Conference here. He said new radiospots for 2006 began in January. "The key messages are: creditunions serve the community, profits are reinvested in the communityand credit unions are locally owned. I know it is a significanthardship for many credit unions to make the payments for the publicadvocacy campaign, but it is absolutely critical in the fightagainst banks."
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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