CUNA said its political action committee raised $103,000 last month but only spent $58,000, helping it rebuild its campaign warchest to $346,000. CUNA's cash on hand, one of its highest figures ever, is still less than half the $810,000 warchest held by the American Bankers Association, the most powerful bank PAC. The biggest contributions last month went to: Reps. Adam Smith, (D-WA), $2,500; Hilda Solis (D-CA), $2,500; Ken Calvert (R-CA), $2,000, and Scott Garrett (R-NJ), $1,500.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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