WASHINGTON - (12/21/05) -- With contributions to groups likePHIL PAC, Mill to the Hill PAC and Citizens for Action, CUNAcontinued its unprecedented efforts last month to cultivatecongressional leaders through their so-called leadership PACs. Bycollecting campaign funding through leadership PACs, congressionalleaders like Phil English, R-Pa., Juanita Millender-McDonald,D-Calif., and Paul Kanjorski, D-Pa., will be able to turn aroundand use their credit union-donated funds to help support alliedcandidates. CUNA contributions last month included donations to:Citizens for Action, Kanjorski's new leadership PAC ($5,000); PhilPAC, English's PAC ($2,500); Mill to the Hill PAC, forMillender-McDonald ($1,000); Searchlight Leadership Fund, forSenate Minority Leader Harry Reid of Nevada ($1,000); ERIC PAC, forEric Cantor, R-Va. ($2,500); and AMERIPAC, for House Minority WhipSteny Hoyer of Maryland ($1,000). CUNA also contributed $2,000 toRepublican Re. Jeb Hensarling of Texas, who has asked the GAO tostudy NCUA's approvals of credit union conversions to banks; $1,000to credit union champion Steve LaTourette, R-Ohio; $2,500 to creditunion ally Marcy Kaptur, D-Ohio; and $1,000 to Rep. Rahm Emanuel ofIllinois, chairman of the Democratic Congressional CampaignCommittee.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
6h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
7h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
10h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25