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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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