WASHINGTON – CUNA made its annual contributions to the two major political parties, including the senate and congressional campaign committees, a total of $90,000 to both the Democrats and Republicans. CUNA makes the maximum allowable $15,000 a year to the Democratic National Committee, Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee, as well as the Republican National Committee, National Republican Senatorial Committee and National Republican Congressional Committee, as well as the governors’ committees of each party, a total of $240,000 each campaign cycle. CUNA said its growing political action committee completed its most successful campaign cycle ever, having raised a new high of $3.7 million and contributed about $3.3 million to candidates and their parties. The increase in campaign funding through CUNA has made the credit union group the fourth most prolific trade association on Capitol Hill, in terms of campaign contributions. “All in all, we’re very pleased with the growth of our PAC,” said Trey Hawkins, political director for CUNA. “It’s a reflection of the people at the grassroots level around the country that most of our money was raised in small contributions.”
-
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
7h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
9h ago -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
11h ago - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27 -
VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.
March 27