WASHINGTON - (09/21/05) -- CUNA made $99,000 in congressionalcampaign contributions last month, most of it targeted at House andSenate leaders, or lawmakers sponsoring credit union-favoredlegislation. The largest contributions in August went to: HouseMajority Leader Tom Delay, R-Texas ($5,000); Senate Majority WhipMitch McConnell, R-Ky. ($5,000); to the Keep Our Majority PAC,operated by House Speaker Dennis Hastert, R-Ill. ($5,000); and theGrowth and Prosperity PAC, operated by Financial ServicesSubcommittee Chairman Spencer Bachus, R-Ala. ($3,000). Alsoreceiving $5,000 contributions were, Rep. Chris Chocola, R-Ind..;Florida State Rep. Nancy Detert, a Republican running for the Houseseat held by Katherine Harris, who is running for the Senate.; andOhio State Rep. Chuck Blasdel, a Republican running for the Houseseat being vacated by Ted Strickland, the Democrat who is runningfor Governor. CUNA also donated $2,000 to the campaign for Rep. JebHensarling, the Texas Republican who drafted the pending regulatoryrelief bill.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
10h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
11h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25