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.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








