HARTFORD, Ct. - (07/28/06) CUNA said Thursday it sent outanother statewide mailing on behalf of embattled Sen. JosephLieberman, the second direct mailing this week. Lieberman. asupporter of the war in Iraq, is in a close primary race withanti-war Democrat Ned Lamont, which will culminate in thestates primary Aug. 8. CUNA said it spend $60,000 on itsdirect mailing on behalf of Lieberman, a long-time credit unionsupporter. The effort was done as a so-called independent campaignexpenditure, which cannot be coordinated with thecandidate.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
11h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
11h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2