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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The Trump administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James.
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Todd Lane, the CEO of California Coast Credit Union, described an allegation by an executive at San Diego County Credit Union as "categorically inaccurate." The two institutions are locked in a legal fight after their agreement to merge turned contentious.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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