WASHINGTON -- CUNA extended its independent campaign expenditures for next week's primaries to unprecedented levels, with additional spending on behalf of embattled Democratic Sen. Joe Lieberman, and Republican House candidate Jeff Crank, of Colorado. CUNA reported Monday it is spending another $29,099 on direct mail pamphlets boosting Lieberman, making a total of $116,396 spent over the past week to prop up the three-term Senator, who is in a tough battle in the August 8 Democratic primary against anti-Iraqi war candidate Ned Lamont. The trade group also said Monday it is spending an additional $43,346 on direct mailing in support of Crank, vice president of the Chamber of Commerce, and a former staffer for retiring Rep. Joel Hefley, who Crank hopes to succeed in Congress. CUNA spent $107,057 on TV and radio ads for Crank last week. The $169,799 spent by CUNA the last six days on independent expenditures for the two candidates is a new high for the credit union trade association. Independent expenditures may not be coordinated with a candidate.
-
The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.
6h ago -
Haiqu's new encoding technique allows quantum computers to process high-dimensional financial data, showing improved performance in spotting anomalies.
9h ago -
The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.
9h ago -
The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
9h ago -
Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
9h ago -
MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
9h ago





