WASHINGTON - (06/20/05) -- CUNA continued to target leadinglawmakers for financial contributions last month, with campaigncontributions to six different leadership PACs. Donations went to:House Majority Leader Tom DeLay, R-Texas, and his ARMPAC ($5,000);the Growth and Prosperity PAC operated by House Financial ServicesFinancial Institutions Subcommittee Chairman Spencer Bachus, R-Ala.($2,000); as well as Heartland Values PAC, run by Sen. John Thune,R-S.D. ($1,000); Our Common Values PAC, run by DemocraticCongressional Campaign Chairman Rahm Emanuel, D-Ill. ($1,000);Committee for the Preservation of Capitalism, for Rep. Jim McCrery,R-La. ($5,000); the New Democrat Coalition PAC ($5,000) and PHILPAC ($2,500). CUNA also gave to: Financial Services ChairmanMichael Oxley, R-Ohio ($5,000); Bachus ($1,000); Ed Royce, theCalifornia Republican sponsoring CURIA, ($5,000); and Jim Gerlach,the Pennsylvania Republican who sponsored the bill to let creditunions serve non-members within their fields of membership($3,100).
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
10h ago -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





