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 Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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