WASHINGTON - (05/20/05) -- CUNA reported Thursday it continuesto focus its campaign contributions on key congressional leaders,with donations last month to Rep. Richard Baker, R-La., chairman ofa House Financial Services subcommittee ($1,000) and Rep. RahmEmanuel, D-ll., chairman of the Democratic Congressional CampaignCommittee, as well as Rep. Dennis Moore, D-Kan., who is drafting aCUNA-backed regulatory relief bill ($5,000). In addition CUNAcontinues to contribute to so-called leadership PACs, politicalaction committee operated for the benefit of top congressionalleaders, making contributions last month to Senate Majority LeaderBill Frist's Volunteer PAC ($4,000); Senate Minority Leader HarryReid's Searchlight Leadership Fund ($1,000); Senate BankingCommittee member Elizabeth Dole's The Leadership Circle ($5,000);and Rep. Dan Burton's Hoosier PAC ($5,000), as well as Burton'spersonal campaign fund ($5,000). CUNA made a total of $116,000 incampaign contributions last month and ended the month with $345,000of cash in its PAC.
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The Minneapolis-based bank is still exploring stablecoin options outside of custody services, but sees opportunity in trade finance, CEO Gunjan Kedia said at The Clearing House Annual Conference in New York Wednesday.
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Large banks seem comfortable paring back their capital positions while they await an updated proposal on the so-called Basel III endgame. The rules are widely expected to be more lax than what was proposed during the Biden administration.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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