MORGANTON, N.C. - (08/30/04) -- A week after unprecedented creditunion intervention failed to boost the credit union-backedcandidate to victory in the Republican primary run-off, the racefor the state's tenth congressional district took another unusualtwist last week. Democratic Party leaders last week asked theircandidate, Anne Fischer, to withdraw from the race after her homewas foreclosed on by State Employees CU. Fischer said party leadersasked her to resign after learning she lost her home in theforeclosure and she had no job. Federal election rules allow aparty to require a candidate's withdrawal for criminal wrongdoingor financial malfeasance. The move came a week after State Rep.Patrick McHenry bested Sheriff David Huffman in the Republicanprimary run-off, despite an expensive last-minute add campaign byCUNA and the North Carolina CU League on behalf of Huffman, along-time member of the Local Government Employees FCU advisorycommittee.
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The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
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As the emerging form of artificial intelligence impacts payments, pace of payment disputes and the workload will change.
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The chairman and CEO of First Independence Bank in Detroit is the new chairman of the American Bankers Association. He said his extensive involvement in industry advocacy roles over the past eight years has made him a better leader.
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A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
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The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
November 5





