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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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





