PAINSEVILLE, Ohio - (10/29/04) -- Credit union executives in thestate's 14th House district are working in the final days of theelection to see that congressional credit union champion SteveLaTourette survives what has turned out to be a tight race for hissixth term. The 50-year-old Ohio Republican, chief sponsor of HR1151, the 1998 CU Membership Access Act, and CURIA, the pendingregulatory relief bill for credit unions, was hurt by a publicdivorce battle over the past year and allegations, since confirmedby him, of an affair with his chief-of-staff-turned lobbyist. "Herehe is, our hero, and he's kind of getting dragged through the mud,"John Florian, chief lobbyist for the Ohio CU League, told TheCredit Union Journal, of charges lodged by LaTourette's Democraticopponent Capri Cafaro, a 26-year-old millionaire heiress. Creditunion executives were raising money and volunteering forLaTourette's campaign in the final days of the election. Both CUNAand NAFCU has contributed the maximum allowable $10,000 toLaTourette's campaign.
-
Five years after the government struggled to disburse pandemic relief checks, the Fed is using improved processing for emergency funds as a reason for banks to get onboard with FedNow.
22m ago -
Revolut receives a banking license, while SumUp introduces its payments hardware. That and more in the American Banker global payments and fintech roundup.
1h ago -
The Department of Justice has filed a motion opposing the Consumer Financial Protection Bureau employee union's appeal of an August DC Circuit ruling allowing the administration to fire up to 90% of the agency's workforce.
2h ago -
Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
3h ago -
The president of the planned Georgia Skyline Bank says he's cautiously optimistic that his group can raise $35 million of startup capital in time for an opening early next year.
5h ago -
The Trump administration has ordered banking agencies to root out and identify instances of politically motivated debanking while at the same time raising pressure on banks to scrutinize or potentially sever their ties with liberal nonprofit clients. That dynamic creates a compliance puzzle with no obvious answers, experts say.
7h ago