BOSTON - (07/27/04) -- CUNA representatives meeting withthe New Democrats Network or attending a fundraiser for Sen. ChrisDodd of Connecticut. NAFCU directors meeting with moderateDemocrats known as 'The Third Way,' or cheering the Boston Red Soxwith members of the Democratic Leadership Council. Corporate CUlobbyists schmoozing Democratic lawmakers and their staff during alate night concert for Little Feat. Credit union representativeswere everywhere during the first two days of the DemocraticNational Convention Sunday and Monday, turning out as never beforeto a major party convention. "This is one way to meet thecongressmen and their staff in an informal setting," Larry Wilson,president of Coastal FCU and a member of the NAFCU Board, told TheCredit Union Journal during a reception and concert sponsored bythe trade association in Boston's historic Fanueil Hall Mondaynight. "They (the Democratic leaders) see credit unions here andthey know know we're players," added Murray Chanow, a NAFCUlobbyist.
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The effort to establish rules governing consumers' access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase's decision to start charging data aggregators for access to customer data.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17