MUSKOGEE, Okla. - (11/03/04) -- The son also rises for CUNA. CUNAbegan grooming the next generation of credit union supportersTuesday, backing three congressional sons elected for the firsttime to the House, and a fourth son who was reelected handily. CUNAsupport helped elect third-generation Democratic lawmaker DanBoren, the son of former Senator David Boren and grandson ofex-Congressman Lyle Boren, to Oklahoma's eighth House District.CUNA backing also helped push State Rep. Russ Carnahan, son ofex-Senator Jean Carnahan in Missouri's third House District; andState Rep. Connie Mack IV, the son of former U.S. Senator ConnieMack III, to Florida's 14th House District. CUNA hopes the youngerMack can be depended on when he gets to Congress, unlike hisfather, a former banker and one of just eight senators to voteagainst HR 1151, the CU Membership Access Act of 1998. Also winningreelection with CUNA assistance Tuesday night was DemocraticCharles Gonzalez of Texas to a third term.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
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