WASHINGTON - (07/21/06) -- CUNA increased its focus last monthon supporting congressional newcomers as the campaign season heatedup, making contributions to seven candidates for open House seats.They include: Republican California Assemblyman Kevin McCarthy($5,000); Republican New York State Sen. Ray Meier ($5,000);Republican Nebraska State Rep. Adrian Smith ($5,000); RepublicanIllinois State Sen. Peter Roskam ($5,000); Democratic New YorkState Sen. Carl Andrews ($1,000); Democratic Iowa attorney BruceBraley ($5,000); and Republican Jeff Crank, a staffer with Rep.Joel Hefley, who is running for his boss's seat upon Hefley'sretirement ($5,000). CUNA has made contributions to more than 25congressional newcomers so far in the 2005-2006 elections. CUNAalso made contributions last month to three leadership PACs. Theywere: Democrats for the Future, run by Rep. Ellen Tauscher,D-Calif. ($2,500); Committee for the Preservation of Capitalism,run by Rep. Jim McCrery, R-La. ($5,000); and Back America'sConservatives, run by Rep. Richard Baker, R-La. ($5,000). CUNA hascontributed more than $250,000 to leadership PACs in the currentelection cycle.
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The president of the planned Georgia Skyline Bank says he's cautiously optimistic that his group can raise $35 million of startup capital in time for an opening early next year.
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The Trump administration has ordered banking agencies to root out and identify instances of politically-motivated debanking while at the same time raising pressure on banks to scrutinize or potentially sever their ties with liberal nonprofit clients. That dynamic creates a compliance puzzle with no obvious answers, experts say.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
October 21 -
Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
October 21 -
The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
October 21 -
At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
October 21