ARLINGTON, Va. - (09/29/05) -- Bill Donovan, one of the leaders atNAFCU for almost three decades, is leaving the trade group to run afledgling credit union practice at well-known Washington law firmVenable LLP. As chief lobbyist and now senior vice president atNAFCU since 1979, Donovan has been one of the best-known figures incredit unions in Washington circles. He has long had a closerelationship with the Venable firm and hired them to representNAFCU in the landmark AT&T Family FCU case, as well as otherlitigation. Donovan will take with him NAFCU's chief of regulatoryaffairs, Gwen Baker, in attempt to build a credit union practice atthe firm. Venable hired well-known credit union attorney BruceJolly two years ago to set up the practice.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





