WASHINGTON - (06/20/05) -- CUNA keeps pitching in to help theembattled House Majority Leader Tom DeLay of Texas with financialsupport. The credit union lobby group, which has developed closeties with the Republican leader over the past three Congresses,contributed $5,000 to DeLay's leadership PAC, known as Americansfor a Republican Majority, or ARMPAC, last month, as DeLay's legalexpenses keep mounting in connection with his investigations by theHouse Ethics Committee and Texas authorities probing DeLay'sinvolvement in a scandal involving the redistricting of Housedistricts in Texas. Since 2000, when he was House Majority Whip,DeLay has become one of CUNA's favored lawmakers, with CUNAcontributing the maximum $10,000 to DeLay's personal campaign eachof the last three elections, as well as almost $20,000 to ARMPAC,and as much as $20,000 to DeLay's annual charity golf outing. CUNAhas already contributed the maximum allowable $5,000 to bothDelay's primary campaign and $5,000 to his general electioncampaign this year, more than 12 months before the primary. DeLayhas become a firm credit union supporter, helping to push thecredit union-backed bankruptcy reform bill to a final vote andlending support on other issues.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
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Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18 -
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
June 18 -
The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a "global" customer due diligence requirement they say is unfeasible.
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