WASHINGTON - (06/20/06) CUNA reported Monday itspolitical action committee raised $182,000 last month anddistributed $115,000, leaving it with $582,000 as the two-yearcongressional election cycle enters its fourth quarter. Among thecontributions last month was $5,000 going to Independent VermontRep. Bernard Sanders, making the maximum $10,000 contributed to theSenate campaign of the only avowed Socialist in Congress. CUNA alsocontributed $5,000 to the campaign of Democratic State Sen. PeterWelch to fill Sanders place in Vermonts only Houseseat. CUNA also contributed $5,000 to another potentialcongressional newcomer, Republican State Sen. Jim Jordan, who isrunning for the states fourth district House seat. Otherlarge contributions last month went to: Reps. John Dingell, D-Mich.($5,000); Carolyn Kilpatrick, D-Mich. ($5,000); Vern Ehlers,R-Mich. ($5,000); Vic Snyder, D-Ark. ($5,000); Jerry Weller, R-Ill.($5,000) and Sen. Daniel Akaka, D-Hawaii ($4,500).
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
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Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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