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.
-
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
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








