SIOUX FALLS, S.D. - (11/04/04) -- The Republican Party scored itsbiggest victory in congressional races Tuesday with the defeat ofDemocrat Tom Daschle, the Senate Minority Leader, who was targetedby the GOP for his obstruction of the Republican agenda in theSenate. But Daschle, who narrowly lost to former Congressman JohnThune, was one of the biggest credit union supporters in theSenate, helping to push through HR 1151, the CU Membership AccessAct of 1998, and leading the charge on bankruptcy reform. "Seeinghim leave the Senate is a loss of a friend," NAFCU lobbyist BradThaler told The Credit Union Journal. "Senator Daschle," said JohnMcKechnie, chief lobbyist for CUNA, "had been a friend of creditunions and the (South Dakota) league had been close to him datingall the way back to 1978, when he was in the House." Daschle isexpected to be succeeded as Democratic leader in the Senate byHarry Reid of Nevada, who has less of a record on credit unionissues.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
June 30 -
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
June 30