HARTFORD, Ct. -- CUNA reported Wednesday it mailed an unprecedented fifth brochure to voters on behalf of Sen. Joseph Lieberman, who is in a close race for next Tuesday's Democratic primary. The credit union group has spent $145,504 on independent expenditures over the past week to prop up the three-term Senator, who polls say is trailing anti-war candidate Ned Lamont for the Democratic nomination. CUNA has had mixed success with independent campaign expenditures in the past. Its efforts in 2002 and 2004 helped neophyte candidates Jon Porter, R-Nevada, Michael Michaud, D-Me., and Allyson Schwartz, D-Pa., win House seats. But independent expenditures by CUNA failed to save 18-term Rep. Phil Crane, a senior member of the tax-writing House Ways and Means Committee, in 2004; and similar spending for Republican candidate David Huffman in the 2004 Republican primary, created enmity with the eventual winner Patrick McHenry, who sponsored anti-credit union legislation last year that would ease the way for credit unions to convert to mutual savings banks.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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