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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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
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