TAMPA, Fla.-Credit union representatives were in full force at the Republican National Convention (RNC) here last week. Officials representing both CUNA and NAFCU were on hand to be part of the festivities leading up to the GOP's official election of Massachusetts Gov. Mitt Romney to be the party's candidate in the upcoming presidential election. Also on tap was CUNA's "leave-behind project"-so called for the tradition of groups seeking to "leave behind" something for the host city in honor of the convention-in this case, a therapeutic playground for All Children's Hospital. NAFCU Director of Political Affairs Katie Marisic reported the group was having excellent luck meeting with key lawmakers who serve on committees that handle issues important to CUs, such as the House Financial Services Committeee.
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Senate Majority Leader John Thune, R-S.D., said the cryptocurrency market structure bill will be considered "first thing" after senators return from recess in September.
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As AI tools take over more of the research, drafting and prep work that once taught new advisors the job, firms are racing to figure out what should replace it.
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In a letter to the Federal Reserve and Office of the Comptroller of the Currency, Sen. Elizabeth Warren, D-Mass., questioned the decision to allow a Texas bank to change charters while under a cease-and-desist order related to money-laundering controls.
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The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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Following its purchase by Raymond James, Clark Capital's CEO discusses his firm's future and how he aims to help advisors operate as "mini virtual multifamily offices."
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Augustus National Bank, which is working to fulfill the conditions for its de novo OCC charter, was approved for federal deposit insurance by the FDIC.
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