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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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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