WASHINGTON - (02/22/06) -- CUNA said it contributed a total of$105,000 to the Republican and Democratic parties last month, thetrade association's annual donations to the two parties. Separatechecks of $15,000 each went to the Republican Governor'sAssociation, the National Republican Congressional Committee, theNational Republican Senatorial Committee, the Republican NationalCommittee, as well as the Democratic Congressional CampaignCommittee, Democratic Congressional Campaign Committee andDemocratic Senatorial Campaign Committee. CUNA contributes themaximum $15,000 to each of the committees every year, making atotal of $210,000 going to the groups in the current 2005-2006election cycle. CUNA also made contributions last month to: TheHouse Conservatives Fund, a leadership PAC aimed at electingRepublicans to the House ($5,000); Jeff Lamberti, Republicanpresident of the Iowa Senate, running for the House ($3,000); Rep.Kenny Marchant, R-Texas ($2,500); Rep. Ron Paul, R-Texas ($2,500);Rep. Kevin Brady, R-Texas ($2,500); and Sen. Kay Bailey Hutchison,R-Texas ($2,500), among others.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.
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In 2024, a Honduras-born man who was buying a motorcycle was turned down for a loan. Two years later, Truist Financial is facing a discrimination lawsuit — and the plaintiff's lawyer says many lenders are vulnerable to the same accusations.
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The nation's largest banks saw their aggregate capital levels decline the least since the stress testing regime was reformed in 2020. Even so, the Fed will keep stress capital buffers unchanged as it weighs structural changes to its annual capital test.
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The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.
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The head of client segments in Morgan Stanley's wealth division acknowledges AI could one day be the primary source of financial advice for mass affluent clients. Morgan Stanley advisors working with wealthier investors will have to up their games.
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