WHEATRIDGE, Colo. - (08/13/04) -- The credit union lobby is throwingits support this time behind freshman Rep. Robert Beauprez, afterdoing everything they could to defeat the former banker in the 2002elections, in the closest congressional race in the country. JohnDill, the new president of the Colorado CU System, said they haveworked to mend fences and build a relationship with Beauprez, theformer chairman and CEO of Heritage Bank, since his election twoyears ago. "We feel like we have an open door and an open ear withhim" Dill told The Credit Union Journal, adding that Beauprez hadvoted for credit union-backed bills on bankruptcy reform andregulatory relief. Beauprez, who also served as chairman of theColorado Republican Party, bested credit union-backed MichaelFeeley, the former Democratic Senate Minority Leader, in 2002 byjust 121 votes. Beauprez faces Democrat David Thomas, the districtattorney in Jefferson County in November. In the state's biggestrace, the one to succeed Republican Sen. Ben Nighthorse Campbell,the credit union lobby has yet to choose between Republican PeterCoors, heir to the Coors beer family, and Ken Salazar, theDemocratic Attorney General.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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