WASHINGTON - (02/21/05) -- CUNA aid it made the maximum $15,000contribution last month to seven political entities affiliated withthe two major political parties, a total of $105,000 it contributesto the political parties as a matter of course every year. Themaximum allowable $15,000 annual contributions went to: TheRepublican National Committee, National Republican SenatorialCommittee, National Republican Congressional Committee, DemocraticNational Committee, Democratic Senatorial Campaign Committee andDemocratic Congressional Campaign Committee, as well as theRepublican Governors Association. The biggest contributions inJanuary went to: Richard Baker, R-La., chairman of the HouseFinancial Services Subcommittee on Government Sponsored Enterprises($5,000); and Reps. John Lewis, D-Ga. ($5,000); Ed Bryant, R-Tenn.($5,000); and Ed Royce, R-Calif.($4,000); The leading credit unionPAC also contributed $5,000 to The Prosperity PAC, which supportsconservative Republicans.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
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Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
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Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
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