BOSTON - (07/30/04) The national conventions arealways about building agendas and seeking out new partners. It wasno different for CUNA this week, which met with representatives ofseveral coalitions that are of growing importance to the creditunion lobby, including the Hispanic congressional caucus, theAfrican-American caucus and a new group, dubbing itself theChildrens Caucus. CUNA lobbyist Gary Kohn, said CUNA seessome opportunities with this new Congressional group through issuesof joint interest, like financial literacy and CUNAs latestproject. Child identification to help thwart child abductions. Kohnand Michigan CU League lobbyist Patrick LaPine also met withMichigan Gov. Jennifer Granholm, a key player in the DemocraticGovernors Association, another group credit unions aretrying to court. Its a huge networkingopportunity, Kohn told The Credit Union Journal, of hismeetings at the Democratic National Convention with the differentinterest groups that share some of credit union concerns.This is an opportunity set things up when we get back toWashington, he said. CUNA and its representatives also spentsome time meeting with the New Democratic Network, a group ofpro-business House and Senate members working to strengthen theDemocrats relationships with the businesscommunity.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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