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.
- AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
2h ago -
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18









